Markets Mostly Lower; Zoom and Workday Report Earnings
• Markets were mildly negative, with the Dow down 0.16%, S&P 500 down 0.38%, and Nasdaq down 0.13%. Only the Russell 2000 was up at +0.69%.
• New home sales for January came in lower than expected at 661K, but still ahead of the December number. The Northeast was the strongest region at +72%.
• Zoom Video beat earnings expectations but gave soft revenue guidance. Shares are up +4% on a new $1.5B buyback program.
• Workday beat fiscal Q4 earnings and revenue estimates. Shares are down -7% on the news after being up +12% year to date.
• Durable goods orders and home price data are due Tuesday. The biggest report is Thursday’s personal consumption expenditures inflation data.