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Stocks, Cryptos Rise Wednesday as Inflation Hits 39-Year High

Wednesday, January 12, 2022 02:25 PM | Nick Dey
Stocks, Cryptos Rise Wednesday as Inflation Hits 39-Year High

During trading Wednesday, 93 stocks traded to a 52-week high, while 70 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.17% so far today while the Dow is down 0.07%, the Nasdaq is up 0.29%, and the Russell 2000 is down 0.51%.

Stocks are mostly higher Wednesday afternoon. Cryptos are rallying today, with the market as a whole rising 8.22% while Bitcoin and Ethereum rise 2.15% and 4.31% respectively. Inflation in the U.S. rose to a 39-year high of 7% as the headline CPI figure rose more than expected by 0.6%.

Sector Highlights

Financial Services stocks dominated our list of highs today with 49 out of the 93 total stocks that reached their high coming from the Financial Services sector. The Financial Services sector is underperforming the market, decreasing 0.16% so far on the day. Over the last month, the Financial Services sector has outperformed the market, increasing 6.29% while the S&P increased 0.02%.

Citizens Financial Group (CFG) is up 1.01% after the company was upgraded to Buy at Citigroup with its price target increased to $65.

Financial Services: ACGL, AEL, AFL, AMP, ARCC, ASB, BHF, BK, BOKF, BPOP, CATY, CFG, CFR, CMA, ENVA, EQH, EWBC, FAF, FITB, FNF, HAFC, HLI, L, MET, MS, MTB, NTB, NTRS, OCSL, PACW, PBCT, PFG, PNC, PNFP, PRU, RJF, SASR, SBNY, SCHW, STL, STT, TFC, TSC, VOYA, WAL, WBS, WFC, WRB, WTFC

Energy had the second-largest presence on our 52-week highs, with 27 out of 93 highs coming from the Energy sector. The Energy sector is underperforming the market today, increasing 0.01% so far on the day. Over the last month, the Energy sector has outperformed the market, increasing 11.99% while the S&P increased 0.02%.

Energy: APA, ARLP, BPMP, COP, CQP, CVX, DVN, EOG, EQT, ESTE, FANG, HAL, KOS, KRP, LNG, MPC, MRO, MUR, NEX, OAS, PSXP, PXD, SUN, VAL, VLO, VNOM, XOM

The Lists

The following stocks traded to 52-week highs:

AA, ACGL, ADM, AEL, AFL, AMP, AMR, ANDE, APA, APOG, ARCC, ARLP, ASB, BG, BHF, BK, BOKF, BPMP, BPOP, BRX, CATY, CFG, CFR, CMA, COP, CQP, CVX, DVN, ENVA, EOG, EQH, EQT, ESTE, EWBC, FAF, FANG, FITB, FNF, GRIN, HAFC, HAL, HLI, HPQ, HUN, KDP, KOS, KRP, L, LNG

The following stocks traded to 52-week lows:

ABOS, ACHR, ADN, AFMD, ALPP, AOUT, APPN, AQB, ATHX, ATNX, AVO, BBAI, BHIL, BIIB, BKSY, BRDS, BTX, CDXC, CLVT, CTKB, CVAC, CWAN, DNLI, DTIL, DYN, EIGR, EMBK, ENJY, EVLV, EYE, FDMT, FVRR, GMII, HOWL, KTOS, MBIO, MDXG, MIMO, ML, NAKD, NEO, NLS, NLTX, OMIC, OPAD, PETS, PHAT, PLMR, PMVP

The following ETFs traded to a 52-week high:

BNO, DIG, DVY, EWU, GSG, IEO, IGE, IXC, IYE, IYF, KBE, KIE, KRE, OIL, RJA, USCI, USO, XLE, XLF

The following ETFs traded to a 52-week low:

VXX

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