US stocks opened Jan. 25, 2022, with losses again on Tuesday as earnings season soared, with quarterly reports from Johnson & Johnson, General Electric and Verizon, among others. Meanwhile, tensions persisted on Ukraine’s border with Russia, as US President Joe Biden agreed with Washington’s European allies on the need to “deter further Russian aggression.” Investors are also awaiting the Federal Reserve’s monetary policy statement on Wednesday.
US home price index rose 1.1% in November
On the data front, the Federal Housing Finance Agency (FHFA) said Tuesday that its seasonally adjusted monthly home price index in the US rose 1.1% in November from the previous month. On an annual basis, home prices rose 17.5%. Among the nine census divisions, monthly home price increases were the highest in the South Atlantic section, coming in at 1.9%. Meanwhile, the mountain division recorded the largest annual price hike at 22.8%.
Will Doerner, lead economist in the Federal Housing Finance Agency’s Division of Research and Statistics, said:
“Home price levels remained elevated in November, but data point to a pivot”. “The past four months reflect average gains of 1.0 percentage point, down from previous larger changes over the spring and summer. This new trend is a welcome shift but still double the monthly average we have seen in the past 20 years, echoing concerns about access and affordability in housing markets.”
US Stocks Jan 25 2022
dropped Dow Jones Index by 0.93% at 9:30 a.m. ET or more than 300 points. as lost NASDAQ 100 Index by 1.96% or 287 points at the same time. The S&P 500 was down 1.31%.
The euro was down 0.49% against the dollar, going to 1.12636 at 9:32 AM ET.