{"id":124484,"date":"2022-01-12T10:08:08","date_gmt":"2022-01-12T10:08:08","guid":{"rendered":"https:\/\/fin2me.com\/?p=124484"},"modified":"2022-01-12T10:08:08","modified_gmt":"2022-01-12T10:08:08","slug":"stocks-slip-ahead-of-inflation-data-take-two-zynga-in-focus","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/stocks-slip-ahead-of-inflation-data-take-two-zynga-in-focus\/","title":{"rendered":"Stocks slip ahead of inflation data, Take-Two, Zynga in focus"},"content":{"rendered":"

Inflation will ‘stay high’: Fmr. Kansas City Fed president<\/h2>\n

Former Kansas City Federal Reserve President and CEO Thomas Hoenig discusses U.S. monetary policy amid high inflation.<\/p>\n

U.S. stocks opened lower as Monday's session kicked off and ahead of key inflation data due later this week.<\/p>\n

The Nasdaq Composite paced the drop falling over 1.7%, while the S&P 500 lost 1.5% and the Dow Jones Industrial Average over 200 points or 0.6%. <\/p>\n\n\n\n\n\n\n\n\n
Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
I:DJI<\/td>\nDOW JONES AVERAGES<\/td>\n35723.74<\/td>\n-507.92<\/td>\n-1.40%<\/td>\n<\/tr>\n
SP500<\/td>\nS&P 500<\/td>\n4595.18<\/td>\n-81.85<\/td>\n-1.75%<\/td>\n<\/tr>\n
I:COMP<\/td>\nNASDAQ COMPOSITE INDEX<\/td>\n14586.516734<\/td>\n-349.38<\/td>\n-2.34%<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Investors are also keeping a close eye on rising bond yields with the 10-Year Treasury at 1.77%.<\/p>\n

STOCKS FALL, BOND YIELDS RISE AS INVESTORS GET TASTE OF 2022<\/strong><\/p>\n

Tech names took a hit with Apple, Microsoft, Amazon and Google trading lower. <\/p>\n\n\n\n\n\n\n\n\n\n
Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
AAPL<\/td>\nAPPLE INC.<\/td>\n168.61<\/td>\n-3.56<\/td>\n-2.07%<\/td>\n<\/tr>\n
MSFT<\/td>\nMICROSOFT CORP.<\/td>\n305.93<\/td>\n-8.11<\/td>\n-2.58%<\/td>\n<\/tr>\n
AMZN<\/td>\nAMAZON.COM INC.<\/td>\n3,138.27<\/td>\n-112.81<\/td>\n-3.47%<\/td>\n<\/tr>\n
GOOGL<\/td>\nALPHABET INC.<\/td>\n2,671.05<\/td>\n-69.29<\/td>\n-2.53%<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

In deal news, Take-Two is buying Zynga, the maker of the popular Farmville game, for $12.7 billion, a 64% premium to Friday's closing prices. <\/p>\n

CLICK HERE TO READ MORE ON FOX BUSINESS<\/u><\/strong><\/p>\n

 "We are thrilled to announce our transformative transaction with Zynga, which significantly diversifies our business and establishes our leadership position in mobile, the fastest growing segment of the interactive entertainment industry," said Strauss Zelnick, Chairman and CEO of Take-Two in the deal announcement. <\/p>\n\n\n\n\n\n\n\n
Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
TTWO<\/td>\nTAKE-TWO INTERACTIVE SOFTWARE INC.<\/td>\n140.18<\/td>\n-24.42<\/td>\n-14.84%<\/td>\n<\/tr>\n
ZNGA<\/td>\nZYNGA INC.<\/td>\n8.65<\/td>\n+2.65<\/td>\n+44.25%<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

In pharma news, Pfizer's CEO told CNBC a vaccine specific to treat omicron will be ready by March. <\/p>\n\n\n\n\n\n\n\n
Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
PFE<\/td>\nPFIZER INC.<\/td>\n55.41<\/td>\n-0.30<\/td>\n-0.55%<\/td>\n<\/tr>\n
BNTX<\/td>\nBIONTECH SE<\/td>\n209.00<\/td>\n-2.84<\/td>\n-1.34%<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Lululemon shares slipped after the yoga retailer said the virus impacted holiday sales. <\/p>\n\n\n\n\n\n\n
Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
LULU<\/td>\nLULULEMON ATHLETICA INC.<\/td>\n335.37<\/td>\n-19.84<\/td>\n-5.59%<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

"We started the holiday season in a strong position but have since experienced several consequences of the Omicron variant, including increased capacity constraints, more limited staff availability, and reduced operating hours in certain locations. I am proud of how our teams continue to deliver for our guests, and we are excited about what the future holds for lululemon" said CEO Calvin McDonald. <\/p>\n

As a result, sales will now be at the low end of the $2.125 billion to $2.165 billion range. <\/p>\n\n\n\n\n\n\n\n
Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
USO<\/td>\nUNITED STATES OIL FUND L.P.<\/td>\n56.19<\/td>\n-0.48<\/td>\n-0.86%<\/td>\n<\/tr>\n
BNO<\/td>\nUNITED STS BRENT OIL FD LP UNIT<\/td>\n21.76<\/td>\n-0.21<\/td>\n-0.96%<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

In commodities, oil hovered at the $78 per barrel level. <\/p>\n

The economic calendar is light but will pick up on Wednesday with the release of the Consumer Price Index for December and the Producer Price Index the following day.  <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Inflation will ‘stay high’: Fmr. Kansas City Fed president Former Kansas City Federal Reserve President and CEO Thomas Hoenig discusses U.S. monetary policy amid high […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nStocks slip ahead of inflation data, Take-Two, Zynga in focus - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/stocks-slip-ahead-of-inflation-data-take-two-zynga-in-focus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stocks slip ahead of inflation data, Take-Two, Zynga in focus - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Inflation will ‘stay high’: Fmr. Kansas City Fed president Former Kansas City Federal Reserve President and CEO Thomas Hoenig discusses U.S. monetary policy amid high [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/stocks-slip-ahead-of-inflation-data-take-two-zynga-in-focus\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-12T10:08:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2018\/07\/105317719-1531134164137rts1vwr4.1910x1000.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1910\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/stocks-slip-ahead-of-inflation-data-take-two-zynga-in-focus\/\",\"url\":\"https:\/\/fin2me.com\/markets\/stocks-slip-ahead-of-inflation-data-take-two-zynga-in-focus\/\",\"name\":\"Stocks slip ahead of inflation data, Take-Two, Zynga in focus - Fin2me\",\"isPartOf\":{\"@id\":\"https:\/\/fin2me.com\/#website\"},\"datePublished\":\"2022-01-12T10:08:08+00:00\",\"dateModified\":\"2022-01-12T10:08:08+00:00\",\"author\":{\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/fin2me.com\/markets\/stocks-slip-ahead-of-inflation-data-take-two-zynga-in-focus\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fin2me.com\/markets\/stocks-slip-ahead-of-inflation-data-take-two-zynga-in-focus\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fin2me.com\/markets\/stocks-slip-ahead-of-inflation-data-take-two-zynga-in-focus\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fin2me.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Markets\",\"item\":\"https:\/\/fin2me.com\/category\/markets\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Stocks slip ahead of inflation data, Take-Two, Zynga in focus\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fin2me.com\/#website\",\"url\":\"https:\/\/fin2me.com\/\",\"name\":\"Fin2me\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fin2me.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Mark\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"caption\":\"Mark\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Stocks slip ahead of inflation data, Take-Two, Zynga in focus - Fin2me","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fin2me.com\/markets\/stocks-slip-ahead-of-inflation-data-take-two-zynga-in-focus\/","og_locale":"en_US","og_type":"article","og_title":"Stocks slip ahead of inflation data, Take-Two, Zynga in focus - Fin2me","og_description":"Inflation will ‘stay high’: Fmr. Kansas City Fed president Former Kansas City Federal Reserve President and CEO Thomas Hoenig discusses U.S. monetary policy amid high [...]","og_url":"https:\/\/fin2me.com\/markets\/stocks-slip-ahead-of-inflation-data-take-two-zynga-in-focus\/","og_site_name":"Fin2me","article_published_time":"2022-01-12T10:08:08+00:00","og_image":[{"width":1910,"height":1000,"url":"https:\/\/fin2me.com\/wp-content\/uploads\/2018\/07\/105317719-1531134164137rts1vwr4.1910x1000.jpg","type":"image\/jpeg"}],"author":"Mark","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Mark","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/fin2me.com\/markets\/stocks-slip-ahead-of-inflation-data-take-two-zynga-in-focus\/","url":"https:\/\/fin2me.com\/markets\/stocks-slip-ahead-of-inflation-data-take-two-zynga-in-focus\/","name":"Stocks slip ahead of inflation data, Take-Two, Zynga in focus - Fin2me","isPartOf":{"@id":"https:\/\/fin2me.com\/#website"},"datePublished":"2022-01-12T10:08:08+00:00","dateModified":"2022-01-12T10:08:08+00:00","author":{"@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/fin2me.com\/markets\/stocks-slip-ahead-of-inflation-data-take-two-zynga-in-focus\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fin2me.com\/markets\/stocks-slip-ahead-of-inflation-data-take-two-zynga-in-focus\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fin2me.com\/markets\/stocks-slip-ahead-of-inflation-data-take-two-zynga-in-focus\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fin2me.com\/"},{"@type":"ListItem","position":2,"name":"Markets","item":"https:\/\/fin2me.com\/category\/markets\/"},{"@type":"ListItem","position":3,"name":"Stocks slip ahead of inflation data, Take-Two, Zynga in focus"}]},{"@type":"WebSite","@id":"https:\/\/fin2me.com\/#website","url":"https:\/\/fin2me.com\/","name":"Fin2me","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fin2me.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Mark","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fin2me.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","caption":"Mark"}}]}},"_links":{"self":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/124484"}],"collection":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/comments?post=124484"}],"version-history":[{"count":0,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/124484\/revisions"}],"wp:attachment":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media?parent=124484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/categories?post=124484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/tags?post=124484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}