HeapMaps Tuesday 7th Feb 2023 - massive uptick

Powell’s commentary sent stocks ping-ponging around, with the major indices ultimately settling near the day’s highs. Let’s recap what you missed. 👀

Today’s issue covers Powell’s sweet nothings, Microsoft’s new way to search, and the day’s biggest earnings movers. 📰

Check out today’s heat map:

8 of 11 sectors closed green. Energy (+3.25%) led, and consumer staples (-0.42%) lagged. 💚

Bed Bath & Beyond gave back more than half of yesterday’s 90% gain on the news that it’s raising $1 billion through a new stock offering. 📉

Zoom rose 10% on news that it’s cutting roughly 15% of its workforce (1,300 employees). Boeing is cutting 2,000 jobs in finance and human resources, shifting some work to contractors in India. And after the bell, eBay announced it was cutting 4% of its workforce. ✂️

Showing very close to the start of a bullish market