Market news today – 24 January 2022 – Fidelity International

Previously high-flying tech stocks are in retreat, with a popular ETF that invests in innovative disruptors like Tesla down more than 40% since the start of 2021.

The Federal Reserve is likely this week to give us a broad hint that its first rate-hike in this cycle will come as soon as its next meeting in the middle of March.

It’s early days yet in the fourth quarter earnings season but expectations are still for a 23% rise in profits in the final three months of 2021.

It’s at a two year high against the euro thanks to the Bank of England’s early move on interest rates and, at $1.37, is rising against the dollar too.

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