Everything You Need To Know
US futures are negative after the S&P 500 was able to finish with a record close yesterday.
European markets are mixed as the UK economy fell a record 9.9% in 2020. Asian markets are mixed as many of them are closed for the Lunar New Year holiday.
Gold and silver are trading lower as the dollar continues to rebound. Oil prices are trading lower as OPEC cut its demand forecast and the IEA announced that the market is still over-supplied.
Bitcoin is continuing its run and is trading around $47,950.
Disney+ has almost 95m subscribers almost half of Netflix’s total subscribers in a little over a year. CVS and Walmart are preparing to dispense COVID vaccines nationwide.
Biggest Pre-Market Movers
Disney (DIS) reported a surprise profit after gaining an additional 21 million subscribers for Disney+ last quarter. DIS is currently up 1.4% in premarket trading. Expedia. (EXPE) is trading 1.6% lower after posting a $2.64 loss per share last quarter 70 cents more than analysts estimates. Bausch Health (BHC) is trading 6.3% higher after Carl Icahn announced a 7.8% stake in the company.
Chart of the Day
SOLO ascending triangle. All this needs is some positive PR