The Dow Jones Industrial Average (DIJA) is poised to be the only major U.S. index to gain this week, as investors weigh solid quarterly earning reports against the potential for a series ofꩵ ♛interest rate hikes this year.

The D🦩ow is little-changed this afternoon. The Nasdaq and S&P 500 are both falling.

Energy company stocks are rising with oil futures moving above $91 a barrel again after the 澳洲幸运5开奖号码历史查询:Intern♏ational🔜 Energy Agency (IEA) warned undersupply could send prices even higher. Expedia Group Inc. (EXPE) shares are up as the travel site said the omicron variant ofꦕ COVID-19 had l♊ess of an impact on its business than other variants of the virus. The travel sector at large came out ahead this week, with all four big airlines set to end the week up around 10%.

Automakers are gaining after Canadian truck drivers pro𝓀testing COVID-19 mandates agreed to allow some traffic to flow on a key bridge connecting the U.♌S. and Canada.  

Transportation Costs Affect Under Armour

Shares of Under Armour Inc. (UA) are sinking as the athletic attire retailer warned higher freight costs will reduce profits in the coming months. Lower-than-expected guidance is sending shares of Zebra Technologies Corp. (ZBRA) down. 

The yield on the 10-year Treasury note hit 2.06%, its highest in more than two years. Bitcoin and other major cryptocurrencies are trading lower. The euro's slide against the dollar continued.

Quick Hits: Editor's Pick

SEC Proposes Faster Trade Settlement ꧅Times in Wake of Meme Stock M๊ania

澳洲幸运5开奖号码历💙史查询:🐷Disney Q1 FY2022 Earnings Report Recap

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澳洲幸运5开奖号码历史查询:Best Gold Miner ETFs for Q2 2022

Chart of the Day: Seven Up

Goldman Sachs (GS) is the latest major bank to predict🅘 the Federal Reserve will raise interest rates seven times this year in an effort to combat inflation. 

Economists led by Jan Hatzius lifted their estimate from five rate increases after yesterday’s Labor Department 澳洲幸运5开奖号码历史查询:report showed consumer inflation 🦂soared at the fastest annual pace in four decades.

The bank anticipates the Fed will raise rates by 25 澳洲幸运5开奖号码历史查询:basis points (BPS) at each of its meetings in 2022, beginning next month. The economists added they don’t believe a 50 BPS increase will happen in March as some have predicted, based on comments from several Fed officials. However, they pointed out St. Louis Fed President James Bullard has called for a one percentage point jump in the 澳洲幸运5开奖号码历史查询:Fed Funds Rate by the beginning of July, and the economists noted if other Fed members join𝕴 him, they would consider changing their forecast. 

Bank of America Says Seven, Too

Two weeks ago, economists at Bank of America (BAC) also announced they expected seven rate hikes this year. The bank anticipated the Fed Funds Rate at the end of the year to be 2.75% to 3%, and♔ argued that would cause a "lag" in the economy, impacting 2023 growth.

Stock of the Day: Newell Brands Inc.

Newell Brands (NWL) is the best-performing stock in the S&P 500 after the consumer products company pౠosted a better-than-expected fourth quarter earnings report. 

The maker of such diverse products as Elmer’s glue, Mr. Coffee coffeemakers, and Coleman lanterns reported revenue rose 4.3% to $2.81 billion, with earnings per share of $0.42. Both were above analysts’ forecasts. The com🐻pany noted sales were 6.9% higher than in the fourth quarter of 2019 before the COVID-19 pandemic hit.

CFO Chris Peterson said effective c𝓡ost manageme♐nt and decisive actions to mitigate the impact of inflation, as well as stronger sales, “drove upside to our expectations on operating profit.” 

Sales of Outdoor Products Jump

Newell Brands had year-over-year core sales increases in all its operating segments, led by its Outdoor and Recreation unit, which had a 🐭23.9% gain. 

Shares of Newell Brands are up 13% today, but they’re down 5% over the𝓀 past year.