Overview
The U.S. stock market ended the day on an upward trend. The easing of AR-related industrial disruption concerns, coupled with strong economic data, led to a recovery in investor confidence. The LNP index showed approximately 320 stocks rising, with semiconductor indices climbing and the software company-tracking ETF gaining 1.3%.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
Major News Story
MVIDIA shares rose 1.6% following Meta's announcement to use millions of MEDA chips for its new data centers. Additionally, Micro saw gains as David Tepper's Appaloosa Management increased its holdings. Economic indicators further supported the stock market's rise, with January's industrial production posting the largest increase in nearly a year, and December's core capital goods orders surpassing expectations. Housing starts hit a five-month high. Meanwhile, the market reacted to reports about potential U.S. military intervention in Iran occurring sooner than anticipated. Federal Reserve minutes revealed a consensus on rate freezes during their recent meeting, though opinions diverged on future policy directions, with some members indicating a need for potential rate hikes if inflation persists above target.
Tomorrow's Economic Indicators
| Time | Indicator |
|---|---|
| 20:20 | Fed Bostic Speaks |
| 22:30 | Fed Bowman Speech |
| 22:30 | U.S. December Trade Balance |
| 22:30 | U.S. Philadelphia Fed Manufacturing Index |
| 22:30 | U.S. Initial Jobless Claims |
| 23:00 | Fed Clarida Speech |
| Midnight | U.S. January Pending Home Sales |
| 03:30 | Fed Bullard Speech |
| 03:30 | U.S. Natural Gas Inventory |
| 05:00 | U.S. 30-Year TIPS Auction |
General Opinion
Despite recent volatility due to AI concerns impacting various industries, some investors see this as a buying opportunity. As Friday approaches with significant options expirations, there may be notable differentiation between stocks. Upcoming data and announcements will be crucial in determining if the stock market gains additional upward momentum.
