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The U.S. Department of Justice has accused Kaiser Permanente affiliates of submitting invalid diagnostic codes for their Medicare Advantage plan enrollees in order to obtain higher payments from the government.In his speech on Wednesday, Trump unusually echoed a key argument from Iran. Trump stated, "They (Iran) said someone fired guns at them, and they fired back. You know, thats how it is."The Dow Jones Industrial Average closed down 42.36 points, or 0.09%, at 49,149.63 on Wednesday, January 14; the S&P 500 closed down 36.77 points, or 0.53%, at 6,926.97; and the Nasdaq Composite closed down 238.12 points, or 1.00%, at 23,471.75 on Wednesday, January 14.January 15th - The Federal Reserves Beige Book showed that overall economic activity in eight of the 12 Federal Reserve districts increased at a slight to moderate pace, three districts reported no change, and one district reported a moderate decline. This is an improvement over the previous three reporting periods, when most districts reported little change in economic activity. The Beige Book indicated a slightly optimistic outlook for future activity, with most districts expecting modest to moderate growth in the coming months. The Beige Book also showed that most banks reported slight to moderate growth in consumer spending this period, primarily due to the holiday shopping season; recent employment conditions were largely unchanged, with eight of the 12 districts reporting no change in hiring activity; and prices increased at a moderate pace in the vast majority of districts, with only two districts reporting slight price increases. Cost pressures from tariffs were a common problem across all districts.Market news: A U.S. judge has refused to immediately grant Minnesotas request to block ICE enforcement operations in the state.

NASDAQ, S&P 500, Dow Jones Analysis – Stocks Retreat As Traders Focus On Recession Risks

Steven Zhao

Jan 19, 2023 17:42

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S&P 500 (SPX500)

S&P 500 found itself under pressure as traders reacted to the disappointing economic data.


Retail Sales declined by 1.1% month-over-month in December, compared to analyst consensus of -0.8%. Industrial Production declined by 0.7%, while Manufacturing Production decreased by 1.3%. Both reports missed analyst expectations.


The PPI report showed that Producer Prices declined by 0.5% in December. Treasury yields tested multi-month lows, as bond traders bet on a less hawkish Fed.


Lower Treasury yields did not provide any support to stocks as traders focused on recession risks. The pullback was broad, and all market segments moved lower. Consumer Defensive stocks were among the worst performers as Retail Sales data indicated that consumer activity was slowing down.

NASDAQ (NAS100)

NASDAQ  declined towards the 11,450 level amid a broad market sell-off. Leading tech stocks have found themselves under pressure, although Apple and Alphabet were almost flat in today’s trading session.


It should be noted that lower Treasury yields provided some support to the tech-heavy NASDAQ, which outperformed S&P 500 and Dow Jones.

Dow Jones (US30)

Dow Jones remained under strong pressure after yesterday’s sell-off. While Goldman Sachs made an attempt to rebound, other Dow Jones components were moving lower.


Honeywell, IBM, and Coca-Cola were among the biggest losers in the Dow Jones today. Currently, Dow Jones is trying to settle below the 33,500 level. In case this attempt is successful, Dow Jones will move towards the 50 EMA at 33,290.

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