US Stock Rally Stalls After Approaching Record Highs
The surge in US equities halted on Thursday as the S&P 500 approached all-time highs. Trump's deregulation plans and significant investment announcements in artificial intelligence (AI) fueled stock prices this week.
Investors remain focused on fourth-quarter earnings and the upcoming Federal Reserve meeting.
Market Recap
* S&P 500: 6,082.96 (-0.06%)
* Dow Jones Industrial Average: 44,251.01 (+0.2%)
* Nasdaq Composite: 19,933.34 (-0.4%)
Factors Influencing Market Movement
* Trump's Deregulation Plans: Plans to reduce regulations have boosted investor sentiment, pushing stock prices higher.
* AI Investment Announcement: A $500 billion investment in AI infrastructure has fueled technology stocks.
* Initial Jobless Claims: Claims rose slightly to 223,000 from 217,000, but were marginally above economist estimates of 221,000.
* Q4 Earnings: With 14% of S&P 500 companies reporting so far, 78% have surpassed profit estimates. The earnings season will intensify next week with tech giants like Apple, Meta, and Tesla reporting results.
* Federal Reserve Meeting: Markets anticipate the Fed to maintain rates, but comments from officials may impact sentiment if they suggest any deviations from the current interest rate path.
Other Market News
* Market charts analyze the impact of Donald Trump's presidency on the financial markets.
* Investors navigate an unusually complex earnings season.
* Cryptocurrencies face sell-off risks in the absence of Trump's policy announcements.
Commodities, Bonds, and Crypto
* WTI crude oil: $75.48/barrel (+0.05%)
* Brent crude oil: $79.08/barrel (+0.10%)
* Gold: $2,750.00/ounce (-0.75%)
* 10-year Treasury yield: 4.665% (+5 basis points)
* Bitcoin: $102,556 (-1.07%)