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NWQWM Morning Financial Report

Microsoft Corp. got big-tech earnings season off to a strong start yesterday, reporting sales that were well ahead of analyst expectations. After the bell today Apple Inc.'s iPhone sales will be in focus when the company reports. For Tesla Inc., which has seen its share price rise almost 8-fold in the last year, revenue from the sale of regulatory credits will be of interest, as well as sales and orders figures. Facebook Inc. may see a jump in revenue 


The Federal Open Market Committee is all but certain to keep interest rates near zeroand the pace of asset purchases unchanged in its decision today at 2:00 p.m. Eastern Time. Despite hopes for a strong recovery, disappointing economic data of late, including on the labor market, means Fed Chair Jerome Powell is likely to restate that now is "not the time" to be discussing an exit from stimulus.  The Fed is currently buying $80B of Treasury bonds and $40B in mortgage-backed securities each month to keep longer-term borrowing rates low.


After surging over 90% yesterday back to the $150 level, GameStop got another boost from a well-known short-seller battler - Elon Musk. It only took a one-word tweet from the master troller, "Gamestonk," to propel GME shares another 46% to $217 in after-hours trading (the stock is up 1000% since Jan. 12)


With Northwest Quadrant Wealth Management a Registered Investment Advisor I am Josh Fenili.

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