**__ Diplomatt’s Daily Digest – January 20, 2022__**
Good morning and happy Thursday, everyone! U.S. stock futures posted a solid gain in early morning trading, with Nasdaq futures up nearly 1% the day after dipping into correction territory. Home to many of the market’s biggest tech names, the Nasdaq dropped more than 10% yesterday from its most recent high, indicating a technical correction. This year’s turbulence in tech stocks, set off by a spike in yields in the first week of January, continued Wednesday as the 10-year U.S. Treasury yield hit a high of 1.9%. It started the year at about 1.5%. Stocks held their ground even as government bond yields again edged higher, part of a market repricing as the Federal Reserve gets set to tighten monetary policy. Markets were looking ahead to more earnings reports and the weekly update on initial jobless claims and existing home sales.
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Quote of the week: “The happiness of your life depends upon the quality of your thoughts.” – Marcus Aurelius.