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Jan. 24, 2022, 9:34 a.m. EST

What happened to ‘buy the dip’? Wall Street’s terrible start may just be bad enough to tempt in some buyers, says strategist.

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By Barbara Kollmeyer

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An activist investor is set to push Peloton Interactive /zigman2/quotes/208035743/composite PTON +3.55% to fire its CEO and seek a sale, as shares have slumped in recent months. Meanwhile, another public relations disaster could be looming, after a key “Billions” character was shown suffering a heart attack while using a Peloton machine. Shares are down.

The Markit manufacturing and services purchasing managers indexes are due after the market open, in a week that will bring us a Fed meeting and more inflation data.

China has lifted a month-long COVID-19 lockdown on 13 million residents in X’ian , but anyone who buys anti-fever drugs will be required to test for the virus. And the World Health Health Organization’s Europe director says the omicron coronavirus variant could bring an end to the pandemic in Europe .

And here’s why El Salvador’s president is donning a McDonald’s uniform on his Twitter /zigman2/quotes/203180645/composite TWTR +2.60% profile, following bitcoin’s recent plunge. Note, cryptos are back under pressure for Monday, with bitcoin /zigman2/quotes/31322028/realtime BTCUSD +2.41% pushing further below $35,000.

The chart

Russian stocks /zigman2/quotes/210597950/delayed RU:RTS -5.83% are collapsing and the ruble /zigman2/quotes/210561862/realtime/sampled USDRUB -0.6691% has dropped to a fresh low after the U.S. ordered families of its diplomats to leave Ukraine amid fears of an imminent Russian invasion. Another report said President Joe Biden could send U.S. troops to the Baltic states.

Read how the standoff could trigger market shock waves .

The markets

Stocks /zigman2/quotes/210598065/realtime DJIA +0.92% /zigman2/quotes/210599714/realtime SPX +1.24% /zigman2/quotes/210598365/realtime COMP +1.88% are deep in the red after last week’s selling. European stocks /zigman2/quotes/210599654/delayed XX:SXXP +1.88% are getting hammered and Asia markets were mostly lower. The yield on the 10-year U.S. Treasury /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y +2.05% is down 4 basis points to 1.71%.

Read: Is the market crashing? No. Here’s what’s happening to stocks, bonds as the Fed aims to end the days of easy money, analysts say

The tickers

Here are the most active stock tickers on MarketWatch as of 6 a.m. Eastern.

Ticker Security name
/zigman2/quotes/203558040/composite TSLA Tesla
/zigman2/quotes/203755179/composite GME GameStop
/zigman2/quotes/200235402/composite AMC AMC Entertainment
/zigman2/quotes/204905836/composite NIO NIO
/zigman2/quotes/202934861/composite AAPL Apple
/zigman2/quotes/202353025/composite NFLX Netflix
/zigman2/quotes/210331248/composite AMZN Amazon
/zigman2/quotes/200467500/composite NVDA Nvidia
/zigman2/quotes/206251935/composite BBIG Vinco Ventures
/zigman2/quotes/201948298/composite BABA Alibaba

Random reads

Here’s to screaming, exhausted pandemic-mom style .

A Spanish engineer made a ‘WhatsApp’ device for his noncellphone-using grandma .

Need to Know starts early and is updated until the opening bell, but sign up here to get it delivered once to your email box. The emailed version will be sent out at about 7:30 a.m. Eastern.

Want more for the day ahead? Sign up for The Barron’s Daily, a morning briefing for investors, including exclusive commentary from Barron’s and MarketWatch writers.

/zigman2/quotes/208035743/composite
US : U.S.: Nasdaq
$ 10.51
+0.36 +3.55%
Volume: 3.59M
July 7, 2022 12:24p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$3.42 billion
Rev. per Employee
$443,350
loading...
/zigman2/quotes/203180645/composite
US : U.S.: NYSE
$ 39.21
+0.99 +2.60%
Volume: 4.10M
July 7, 2022 12:24p
P/E Ratio
171.52
Dividend Yield
N/A
Market Cap
$29.20 billion
Rev. per Employee
$698,993
loading...
/zigman2/quotes/31322028/realtime
US : CoinDesk
20,886.84
+492.39 +2.41%
Volume: 0.00
July 7, 2022 12:22p
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/zigman2/quotes/210597950/delayed
RU : Moscow Exchange
1,017.01
-62.98 -5.83%
Volume: 0.00
April 11, 2022 6:07p
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/zigman2/quotes/210561862/realtime/sampled
US : Tullett Prebon
63.0750
-0.4249 -0.6691%
Volume: 0.0000
July 7, 2022 12:02p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,322.03
+284.35 +0.92%
Volume: 121.91M
July 7, 2022 12:24p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,892.75
+47.67 +1.24%
Volume: 874.82M
July 7, 2022 12:24p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
11,575.97
+214.12 +1.88%
Volume: 2.05M
July 7, 2022 12:24p
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/zigman2/quotes/210599654/delayed
XX : STOXX
415.01
+7.67 +1.88%
Volume: 0.00
July 7, 2022 5:50p
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/zigman2/quotes/211347051/realtime
add Add to watchlist BX:TMUBMUSD10Y
BX : Tullett Prebon
3.00
+0.06 +2.05%
Volume: 0.00
July 7, 2022 12:23p
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/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 725.96
+30.76 +4.42%
Volume: 16.03M
July 7, 2022 12:24p
P/E Ratio
98.54
Dividend Yield
N/A
Market Cap
$720.23 billion
Rev. per Employee
$626,347
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/zigman2/quotes/203755179/composite
US : U.S.: NYSE
$ 129.24
+11.81 +10.05%
Volume: 4.29M
July 7, 2022 12:24p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$8.94 billion
Rev. per Employee
$509,358
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/zigman2/quotes/200235402/composite
US : U.S.: NYSE
$ 13.94
+1.37 +10.86%
Volume: 24.20M
July 7, 2022 12:24p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$6.50 billion
Rev. per Employee
$101,458
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/zigman2/quotes/204905836/composite
US : U.S.: NYSE
$ 22.40
+1.57 +7.54%
Volume: 52.17M
July 7, 2022 12:24p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$36.88 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 145.71
+2.79 +1.95%
Volume: 30.85M
July 7, 2022 12:24p
P/E Ratio
23.65
Dividend Yield
0.63%
Market Cap
$2313.19 billion
Rev. per Employee
$2.51M
loading...
/zigman2/quotes/202353025/composite
US : U.S.: Nasdaq
$ 189.39
+5.33 +2.90%
Volume: 3.12M
July 7, 2022 12:24p
P/E Ratio
17.20
Dividend Yield
N/A
Market Cap
$81.77 billion
Rev. per Employee
$2.69M
loading...
/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 116.02
+1.69 +1.48%
Volume: 30.46M
July 7, 2022 12:24p
P/E Ratio
55.95
Dividend Yield
N/A
Market Cap
$1163.24 billion
Rev. per Employee
$297,107
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/zigman2/quotes/200467500/composite
US : U.S.: Nasdaq
$ 157.78
+6.48 +4.28%
Volume: 28.08M
July 7, 2022 12:24p
P/E Ratio
42.23
Dividend Yield
0.10%
Market Cap
$378.25 billion
Rev. per Employee
$1.31M
loading...
/zigman2/quotes/206251935/composite
US : U.S.: Nasdaq
$ 1.11
+0.04 +4.25%
Volume: 11.11M
July 7, 2022 12:24p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$247.13 million
Rev. per Employee
$407,848
loading...
/zigman2/quotes/201948298/composite
US : U.S.: NYSE
$ 123.90
+4.78 +4.01%
Volume: 15.35M
July 7, 2022 12:24p
P/E Ratio
40.26
Dividend Yield
N/A
Market Cap
$315.88 billion
Rev. per Employee
$528,633
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