Nasdaq leads down week for stocks

U.S. stocks ended the first trading week of 2022 on a down note falling across the board Friday with all three of the major averages registering weekly losses. 

The Nasdaq Composite fell nearly 1%, the S&P 500 0.4% while the Dow Jones Industrials finished little change. 

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	43870.35	+461.88	+1.06%
SP500	S&P 500	5948.71	+31.60	+0.53%
I:COMP	NASDAQ COMPOSITE INDEX	18972.420086	+6.28	+0.03%

For the week, the Nasdaq paced the drop with a 4.5% selloff, the S&P lost 1.8% and the Dow a lesser 0.3%. 

2002 Rocky Start - Weekly Performance 

Nasdaq Composite: -4.5% 

S&P 500: -1.8%

Dow Jones Industrial Average: -0.3%

Bonds continued to climb. The yield on the 10-year Treasury rose to nearly 1.8% a two-year high. Financial stocks rose as higher yields bode well for banks. 

Ticker	Security	Last	Change	Change %
XLF	FINANCIAL SELECT SECTOR SPDR ETF	50.18	+0.63	+1.27%
JPM	JPMORGAN CHASE & CO.	244.94	+4.14	+1.72%
BAC	BANK OF AMERICA CORP.	46.45	+0.39	+0.85%
C	CITIGROUP INC.	68.94	+0.66	+0.97%

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In economic news, nonfarm payrollrose by 199,000 in December less than the 400,000 economists were expecting even as the unemployment rate dipped to 3.9%. "Leisure and hospitality, in professional and business services, in manufacturing, in construction, and in transportation and warehousing" added workers according to the Labor Department. 

FED, OPEC'S PUNY PRODUCTION MOVES PUSHES OIL TO $80

Oil briefly topped the $80 per barrel before settling at $78.90 per barrel putting oil producers on the radar. 

Ticker	Security	Last	Change	Change %
USO	UNITED STATES OIL FUND - USD ACC	73.20	+1.18	+1.64%
BNO	UNITED STATES BRENT OIL FUND - USD ACC	29.57	+0.45	+1.55%
XOM	EXXON MOBIL CORP.	121.91	+1.56	+1.30%
CVX	CHEVRON CORP.	161.63	+0.33	+0.20%

JOBLESS CLAIMS TICK UP TO 207,000 BUT REMAIN NEAR HALF-CENTURY LOW

In stocks, shares of GameStop Corp jumped after a Wall Street Journal report said the retailer is launching a division to develop a marketplace for nonfungible tokens (NFTs) and establish cryptocurrency partnerships.

GAMESTOP SHARES SURGE ON PLANS TO ENTER NFT AND CRYPTOCURRENCY MARKETS

Ticker	Security	Last	Change	Change %
GME	GAMESTOP CORP.	27.82	-0.63	-2.21%

Big tech names including Apple, Amazon and Microsoft bounced between losses and gains during the session. 

Ticker	Security	Last	Change	Change %
AAPL	APPLE INC.	228.52	-0.48	-0.21%
AMZN	AMAZON.COM INC.	198.38	-4.50	-2.22%
MSFT	MICROSOFT CORP.	412.87	-1.79	-0.43%

Separately, Apple CEO Tim Cook made nearly $100 million in compensation last year, per SEC filings. 

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Ford gave up early gains after announcing it would double the production of its F-150 Lightning on Tuesday. 

Ticker	Security	Last	Change	Change %
F	FORD MOTOR CO.	10.81	+0.09	+0.79%

Shares of Papa Johns rose after announcing plans for an aggressive rollout in South China with plans to open 1,350 new stores by 2040.

Ticker	Security	Last	Change	Change %
PZZA	PAPA JOHN'S INTERNATIONAL INC.	47.86	+0.55	+1.16%

and in cryptocurrencies, Bitcoin continued its free-fall trading around the $41,000 level, a five-month low. 

The move hit crypto-related exchange-traded funds and stocks.  

Ticker	Security	Last	Change	Change %
BITO	PROSHARES BITCOIN STRATEGY ETF - USD DIS	26.43	+1.01	+3.97%
BITQ	BITWISE CRYPTO INDUSTRY INNOVATORS ETF - USD DIS	19.70	-1.06	-5.11%
COIN	COINBASE GLOBAL INC.	295.23	-24.78	-7.74%
MSTR	MICROSTRATEGY INC.	397.28	-76.55	-16.16%

FOX Business' Ken Martin and The Associated Press contributed to this report.