The U.S. stock market closed higher on January 17, 2025, marking its best weekly performance since the election. Optimism surrounding inflation data and upcoming policy expectations supported market sentiment.
Major Indices:
- S&P 500: +1.00% → 5,996.66
- Dow Jones Industrial Average: +0.78% → 43,487.83
- Nasdaq 100: +1.66% → 21,441.15
- Russell 2000: +0.40% → 2,275.88
Market Highlights:
- Economic Data and Treasury Yields:
- Core CPI and PPI for December came in below expectations, fueling hopes of multiple Fed rate cuts in 2025.
- 10-Year Treasury Yield: Dropped significantly, boosting demand for equities.
- Emmanuel Cau (Barclays): "Positive economic data revived the Goldilocks scenario for equities, sparking a renewed appetite for risk assets."
- Sector and Corporate News:
- Tesla (TSLA) and NVIDIA (NVDA): Led the gains among large-cap stocks.
- Intel (INTC): Jumped 9.2% on reports of a potential acquisition deal.
- Trade and diplomatic discussions between President-elect Trump and Chinese President Xi Jinping on TikTok, trade policies, and fentanyl added to the positive sentiment.
- Market Sentiment and Historical Trends:
- Craig Johnson (Piper Sandler): "Easing inflation and strong financial earnings drove the rally in both bond and equity markets."
- Mark Hackett (Nationwide): "Volatility may persist through earnings season, but buybacks and adjusted expectations could fuel a stronger market post-season."
- Historically, the stock market tends to perform well post-presidential inaugurations.
- Jefferies Analysis: Since 1929, S&P 500 returns have averaged 9.5% one year after an inauguration.
- Earnings and Sector Developments:
- General Motors (GM): U.S. regulators launched an investigation into 870,000 pickup trucks.
- Novo Nordisk (NVO): Included in U.S. drug price negotiations for Ozempic and Wegovy.
- Moderna (MRNA): Secured $590 million in U.S. government funding for avian flu vaccine development.
- Vistra (VST): Reported a fire at a California battery storage facility.
Conclusion:
The U.S. stock market capped off a strong week with gains driven by better-than-expected inflation data and optimism around corporate earnings. The positive sentiment was further supported by historical trends associated with new presidential terms. Investors remain focused on earnings season and policy developments to sustain the market's momentum.
'R - Invest' 카테고리의 다른 글
| 01/21/2025 Summary of the US Stock Market (0) | 2025.01.22 |
|---|---|
| 01/16/2025 Summary of the US Stock Market (0) | 2025.01.17 |
| 01/15/2025 Summary of the US Stock Market (0) | 2025.01.16 |
| 01/14/2025 Summary of the US Stock Market (0) | 2025.01.15 |
| 01/13/2025 Summary of the US Stock Market (0) | 2025.01.14 |