FlowBank's hand-curated fresh financial news [header_noDither] S&P 500 Nears $5K, Closes At Record High! The S&P 500 reached a ground-breaking peak, closing at 4,995 and inching ever closer to the unprecedented 5,000 mark, buoyed by a generally positive earnings season. With roughly two-thirds of the companies within the S&P 500 having disclosed their quarterly results, the overall performance has surpassed the forecasts set by Wall Street, despite some sectors showing signs of struggle. This surge to its highest level on record was propelled by a wave of optimism following the recent release of encouraging quarterly reports from notable companies such as Chipotle Mexican Grill and Ford Motor. Arthur Hogan, the chief market strategist at B. Riley Wealth, reflected on the season's progress, noting that the balance of updates has tilted more towards positive developments, marking a pivotal moment at the halfway point of the fourth-quarter earnings season. WHAT'S MOVING [Group 1742 (22)-1] [Start Trading](113/cXx8Z04/VVsz-c7zwLlYN2X05f5lvGw9VNrtzX59fwrlN84393j2-ZVTW6N1vHY6lZ3l7W3n0Ymj7y3-mlW289yvD6x6S9rW726KFq81xrfPW4rD_-h4RCST4W124Jss5lL85gW97mLRq1lb_nKVHZ76m6KBLR6W5L4nTC5Pz68VW8xmxfb46PMCHM4fxM2rpws0W2h1bc13_FlV3W3_XSC02WlB5ZW3YLp4P2F0BpYW93q1zw32B3yQW2ttwlR1Sl5TTW7KSS0F5zC1ghW8kTCtX52rT3LW8HjTfr3_MytlVmWbNX2-Nb5WW2PM8561HlcghW4dv_Pz6Ls5QkW59rXqp5LjHF_f5MJ_Xz04) [Group 3 (20)-1] Alibaba Alibaba's December quarter revenue fell short, prompting the company to boost its share buyback program by $25 billion, a move that initially drove shares up over 5% in pre-market trading. In a year marked by its largest ever corporate restructuring and the cancellation of its cloud computing venture, the company's shares ultimately took a downturn. [Group 1750 (18)] Paytm Paytm CEO Vijay Shekhar Sharma discussed issues with Finance Minister Nirmala Sitharaman, reflecting the company's efforts to mitigate a crisis that slashed $2.5 billion from its valuation. The RBI's ban on new deposits to Paytm's services and an inquiry into foreign exchange violations highlight the company's challenges. [Group 1752 (12)] SoftBank SoftBank, led by Masayoshi Son, netted over $16 billion from Arm's after-hours trading spike, eclipsing its $14 billion loss on WeWork. Owning 90% of Arm, SoftBank's stake soared to $87.4 billion post-earnings, despite previous investment woes, notably with WeWork's bankruptcy. WHAT'S COMING UP? USD: Initial Jobless Claims: Exp. 221K v Prev. 224K USD: 0-Year Bond Auction: Prev. 4.229% IN OTHER NEWS Wall Street Stock futures remained steady early Thursday, following the S&P 500's near-reach of the 5,000 mark, with minor gains in Dow futures and little movement in S&P 500 and Nasdaq futures. [Group 1769] Europe European markets are anticipated to open higher, with gains expected in major indices like the UK's FTSE 100, Germany's DAX, France's CAC, and Italy's FTSE MIB. Key earnings reports are due from companies including Unilever, Societe Generale, Maersk, Siemens, and Adyen. MARKET INSIGHTS Evolution of Financial Influencers: From Buffett to Roaring Kitty Confused by the contrasting styles of traditional investment gurus and today's online financial influencers? Let FlowBank ease your dilemma. Our article provides a clear, insightful comparison, helping you understand the evolving landscape of financial guidance. [Read more](113/cXx8Z04/VVsz-c7zwLlYN2X05f5lvGw9VNrtzX59fwrlN84392K2-ZVTW5BW0B06lZ3l0W5X7fD17DqBKlW1F6Xxq27VsfzW4T8jBT3VK3vwW34FXFF1Sgc8jW6X3_yV2Qn5GHN1yMnxNvRYKbW8LDgFX6c9jZYW6BxPdH6B6Kj1W7cCfLV1h49b6W1fCR3m2hH32rW36FhqT25DpnfW38ZsT94WWcGZW2zP7yq2TG0sCVSKf1c5gGRNzW7hm3ds4jgyHjW2gbd5g1x9QJpW3psyjP1-n0hMW474Ysj2ZWPDxf7C73vj04) Please note that due to market volatility, some of the prices may have already been reached and scenarios played out. The information above is not investment advice. [flowbank-logo-2022-green-3] [Facebook](113/cXx8Z04/VVsz-c7zwLlYN2X05f5lvGw9VNrtzX59fwrlN84392K2-ZVTW5BW0B06lZ3nVN7Z8XDn92Y1NW61DdmW7NFZBwW6r3_C72z2zg_W2tbYW_2g5vBkW6-DqtY6pxwn5W7tHd5k6HF-vsW7V-YNd4yWhj4W3X8pC_1BMvWSW8YJ9MC6fJMD3W8bWNbs7CtK59W6J6kYC94pH6dW3QlxSj7frHMzW63TnTj7XTm6sN1JZR1MqM-5TW64_4773fk-3yW7kn8D87PT9NYW2Mq-yc2vXK3vW3P08J-1KLL44f4HByVv04)
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