HeatMap Friday 13th Jan 2023

HeatMap Friday 13th Jan 2023

Check out today’s heat map:

8 of 11 sectors closed green. Consumer discretionary (+0.94%) led, and real estate (-0.58%) lagged. 💚

Treasury Secretary Janet Yellen told Congress that the U.S. will reach its debt limit next Thursday and that they need to take steps to address the situation. Meanwhile, U.S. consumer sentiment was the most positive in eight months as falling energy prices brought down inflation expectations. 💰

U.S. import prices unexpectedly rose 0.4% in December, stemming five straight monthly declines. Higher natural gas and food prices drove the increase. China’s trade activity slumped less than expected in December as its economy began reopening. 🚢

Tesla fell marginally on news that it’s cutting prices for U.S. buyers to spur demand. 🚗

Virgin Galactic shares rose 13% due to the company’s management shakeup as it prepares for commercial spaceline operations. 🚀

Wendy’s shares jumped 6% on news that activist investor Nelson Peltz won’t pursue a takeover. His firm said it’s confident in the company’s ability to drive long-term value for shareholders as it reorganizes its corporate structure. 🍔