MARKETS: YEAR-TO-DATE Jan 31,2022

 

MARKETS: YEAR-TO-DATE

Nasdaq 13,770.57 -11.98%

S&P 4,431.85 -7.01%

Dow 34,725.47 -4.44%

10-Year 1.771% +25.7 bps

Bitcoin $37,939.43 -19.31%

Moderna $159.47 -37.21%

*Stock data as of market close, cryptocurrency data as of 7:00pm ET. Here's what these numbers mean.

Markets: Stocks will hope to find their sea legs this week after being tossed and turned during a period of high volatility. Biotech companies in particular are feeling queasy. The sector is off to its worst start to a year since 2016 and Moderna is the worst performer in the S&P 500. Geopolitics: The US Senate is preparing to unleash “the mother of all sanctions” on Russia should it decide to invade Ukraine, lawmakers said this weekend. NJ Senator Bob Menendez said negotiations on a final package were “on the one-yard line” and will target Russian sovereign debt, Russian banks, and other entities in order to cripple Russia’s economy.