💼 Meta, Amazon soar

Dow rallies 370 points as Meta and Amazon soar on earnings... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 February 02, 2024 | [Read Online]( Good morning. The Fast Five → [Dow rallies]( 370 points as Meta and Amazon soar on earnings, [US renews strikes]( against Houthis as Red Sea crisis continues, a $560 Billion [property warning]( hits banks, [Peloton]( shares plummet 20%, and [Tim Cook]( teases Apple AI announcement… Calendar: - Today: US unemployment rate, 8:30a ET Your 5-minute briefing for Friday, February 2: BEFORE THE OPEN As of market close 2/1/2024. Pre-Market: Market Recap: - S&P 500 futures rise before tech earnings and jobs report. - Meta surges 15% on strong results, announces dividend and buyback. - Amazon gains 7%, Apple slides 3% on China sales decline. - Market rebounds after Wednesday's Fed-related sell-off. - Investors optimistic about rate cut outlook and positive earnings. - Focus on January jobs report; economists expect job growth. - Major companies, including Chevron, Exxon Mobil, Bristol-Myers Squibb, Cigna, and AbbVie, set to report earnings before opening bell. EARNINGS What we’re watching this week: - Today: Chevron (CVX), Exxon (XOM) Full earnings calendar [here]( HEADLINES [Dow Jones Rallies 370 Points As Meta, Amazon Soar On Earnings]( Major indexes closed near session highs Thursday. Investors awaited quarterly earning reports from three Magnificent Seven companies after market close. [A $560 Billion Property Warning Hits Banks From NY to Tokyo]( Lenders face debt maturities, lower values after thaw in deals. Multifamily also a focus following change in New York rent law. - IMF Chief says Fed rate cuts are better late than early ([more]() - US renews strikes against Houthis in Yemen as Red Sea crisis continues ([more]() - January hiring was the lowest for the month on record as layoffs surged ([more]() - Main Street is more optimistic this year even as inflation persists, survey says ([more]() - Money-market fund assets reach $6 trillion for first time ([more]() - OPEC slashed oil production last month as the group kicks off plan to boost sagging prices ([more]() - Bank of England holds rates, signals cut this year ([more]() - Meta shares jump 14% after profit triples and company announces first-ever dividend ([more]() - Amazon reports better-than-expected results as revenue jumps 14% ([more]() - Amazon debuts ‘Rufus,’ an AI shopping assistant in its mobile app ([more]() - Tim Cook teases Apple AI announcement ‘later this year’ ([more]() - Apple China slowdown sparks fears that prized market is at risk ([more]() - Wilson tennis racket maker Amer Sports valued at $6.5 bln after shares rise 3% in market debut ([more]() - Peloton shares plummet 20% as fitness company gives dismal outlook ([more]() - Formula 1 star Lewis Hamilton to leave Mercedes for Ferrari after 2024 season ([more]() DEALFLOW M+A | Investments - Barclays shifts focus to buyout firms for UK payments business sale ([more]() - Reliance, Bodhi Tree set for 60% stake in Disney India merger ([more]() - Vivendi's Canal Plus offers to buy rest of South Africa's MultiChoice ([more]() - Silver Hill Energy Partners to buy Liberty Resources' North Dakota assets ([more]() - OMV sells its stake in Malaysia-based SapuraOMV to TotalEnergies ([more]() - Woodside should walk away from Santos deal, large shareholder says ([more]() - Shutterstock, Inc. (SSTK), a creative platform connecting brands to high-quality content, acquired Backgrid, a destination for celebrity news supplying real-time content from top photographers ([more]() - Meteomatics announced the close of a strategic funding round from Lockheed Martin Ventures ([more]() - Axon acquires Fusus ([more]() - TSCP, Cequel III acquire controlling interest in DDC Cabinet Technology ([more]() - New State-backed PAX buys Cram Roofing ([more]() - Granite Creek-backed Salem One purchases iTek Graphics ([more]() - Charlesbank invests $250M in Rise Growth Partners ([more]() VC - Watershed, the leading enterprise sustainability platform, announced a $100M Series C funding round at a $1.8B valuation ([more]() - SPR Therapeutics, a private medical device company focused on treating pain for patients managing acute or chronic pain, raised $85M in financing ([more]() - Basking Biosciences, a clinical-stage biopharmaceutical company developing a novel acute thrombolytic therapy to treat stroke, raised $55M in funding ([more]() - ArteraAI, a developer of multimodal AI based predictive and prognostic cancer tests, raised additional $20M in funding ([more]() - LightBeam.ai, a zero trust data protection company, raised $17.8M in funding ([more]() - Perelel, a female OB/GYN-founded vitamin company, raised $6M in Series A funding ([more]() - MIC Global, a NYC-based full stack embedded microinsurance provider, raised $6M in funding ([more]() - Proniras, a clinical-stage biotech company developing novel small-molecule therapeutics for the treatment of substance use and nervous system disorders, raised $4.65M in Series B funding ([more]() - Eggscape Entertainment, a new game studio focused on creating social games for mixed reality, closed a $4.25M Seed funding round ([more]() - AlensiaXR, a tech company launched by Case Western Reserve University to advance HoloAnatomy software, raised an undisclosed amount in Series A funding ([more]() Fundraising - KKR raises $6.4B for biggest Asia Pacific infrastructure fund ([more]() Was this briefing forwarded to you? [Sign Up Here]( CRYPTO - Billionaire Alan Howard shops his own crypto stakes to grow Brevan Howard Digital ([more]() - US charges trio With Theft, Including Infamous Attack on FTX ([more]() - US Sen. Lummis says 'delicate' talks underway over U.S. crypto legislation ([more]() BULLISH BITES 🐻 Fan of ‘The Bear’? Get the two influential books seen read by [Sydney]( and [Richie]( on the award-winning show that helped shape their character. 📉 Into thin air: 23andMe was once worth $6 billion. Now, [worth nearly $0](. 👔 Bosswear: The man behind the [$100,000 sport coat](. “We’re making clothes for the guys that run things,” he told GQ. ❤️ Feb 14: Nine luxury [Valentine’s Day gifts](, from unique jewelry to rare whiskey. 🇺🇸 Breakdown: How a critical election year could [impact markets]( and the economy. DAILY SHARES [tw profile: TrendSpider] TrendSpider @TrendSpider [tw] $AAPL bros crying behind their vision pros right now. 🍎 Feb 1, 2024 371 Likes 40 Retweets 25 Replies [tw profile: litquidity] litquidity @litcapital [tw] Lewis Hamilton moving to Ferrari is like Jamie Dimon moving to Morgan Stanley Feb 1, 2024 1.37K Likes 97 Retweets 31 Replies [tw profile: High Yield Harry] High Yield Harry @HighyieldHarry [tw] Real Feb 1, 2024 1.05K Likes 51 Retweets 10 Replies Know someone who would enjoy this? [CLICK TO SHARE]( What did you think about today's briefing? - [⭐️⭐️⭐️⭐️⭐️ Excellent, keep it comin'!]( - [⭐️⭐️⭐️⭐️ Good stuff]( - [⭐️⭐️⭐️ It was alright]( - [⭐️ Needs work]( Like what you see? [Get tomorrow’s briefing here]( Keep the curation going! [Buy the team a coffee]( ☕️ Have a comment or suggestion? We’d love to hear it! 💌 [Send us a message](mailto:hello@marketbriefing.com) [ADVERTISE](mailto:partner@marketbriefing.com) | [SUBSCRIBE]( Disclaimer: MarketBriefing is a news publisher. 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