factory, aluminum, production-2639751.jpg

Today in the Market (2/8/2022)

Good Evening. Here is everything you need to know about today’s recap on the in’s and out’s of the major market and economic events.

Investors continued to evaluate company earnings against the approaching monetary tightening that has dampened enthusiasm for stocks in recent weeks, pushing Wall Street’s key benchmarks higher on Tuesday.

The Dow Jones Industrial Average rose 1.06%, to conclude the session in positive territory, while the S&P 500 rose 0.84%. Despite rising bond yields, the Nasdaq Composite surged by 1.28%, boosted by increases in Big Tech. The yield on the 10-year US Treasury note reached 1.95%.


factory, aluminum, production-2639751.jpg

According to Bloomberg data, aluminum prices have risen to their highest level since 2008, approaching a new peak.

Due to supply-chain issues, raw materials such as aluminum and copper for consumer goods such as refrigerators, vehicles, and plumbing systems have increased in price. According to Bloomberg, the cost of transporting aluminum now accounts for 20% of the metal’s overall price, while the benchmark price for shipping copper in the United States is at its highest level since 2003.

As of closing, aluminum contracts for April 2022 delivery were up 3.00% to $3,266.25 per ton.


transport, plane, flight-5207942.jpg

Frontier Airlines and Spirit Airlines announced plans to merge on Monday in a $6.6 billion merger that would create the fifth-largest airline in the United States if approved.

The acquisition, according to Spirit and Frontier, will create a low-cost carrier that can compete with the major four US airlines (American, Delta, United, and Southwest), which control roughly 80% of the domestic market. According to Spirit and Frontier, the merger will save consumers $1 billion each year and create 10,000 new jobs by 2026. 

The transaction is anticipated to close in the second half of 2022, but it must first get past regulators, who have already expressed reservations about airline alliances.

  • The Justice Department filed a lawsuit in September to stop a “de facto merger” between American Airlines and JetBlue.
  • Alaska Air was able to buy Virgin for $2.6 billion in 2016 thanks to a more merger-friendly Justice Department, but it had to scale back cooperation with American in order to do so.

Did you know? If Frontier and Spirit Airlines merged, they would control more than a quarter of the market at Orlando International Airport, more than any other airline.

Scroll to Top

Where Are You On Your Investment Journey?




All investors are unique.  The above characteristics are examples, but may not reflect your particular investor demographics or situation.  An advisor with Edgar Investment Management, LLC will assist you with finding the best type of account for you. 

Investment advisory services are offered through Edgar Investment Management, LLC, an investment advisor registered with the State of Texas. Edgar Investment Management, LLC only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure document.

The content found on this website is developed from sources we believe provide accurate information and is for educational purposes only. The information on this website is not intended as tax or legal advice. Everyone’s tax and legal situation is different, so please consult trusted and knowledgeable legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided on this website are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Material and information found on this website is not intended as an offer or solicitation for the sale or purchase of any specific security, mutual fund, ETF, bond, or investment strategy.  

Investing is risky!  No guarantee as to performance of any investment is implied by this website.  Make sure you have evaluated your options and spoken with trained professionals before you implement any investment strategy.  Past performance is not indicative of future results.  

Please be advised that Edgar Investment Management, LLC is a financial advisory firm specializing in investment management and financial planning services. We do not offer or provide any CPA-related services, including tax preparation, tax planning, or other accounting services. If you require assistance with tax-related matters, we recommend consulting a qualified CPA or tax professional who can provide specialized advice tailored to your individual needs.

Edgar Investment Management, LLC is not a Public Accounting firm.


Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.

  • About You

    Tell us a little about yourself. Don't be shy. Let's be friends.
  • How Can We Reach You?

    We would love to chat with you. How can we get in touch with you?
  • What's on your mind?

How much do you want to invest?