Overview
Today's U.S. stock market closed on a high note, primarily driven by a rally in technology stocks, as concerns over AI-related sells abated. The semiconductor sector saw an impressive 8.4% increase, while software stocks continued their upward trend for the second consecutive day, with Oracle standing out prominently. Google announced a bond issuance to secure funding for its AI operations, exceeding initial expectations with a $20 billion issuance.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
A Major News Story
A notable headline today was the upgrade of Oracle's investment rating by DADVS from neutral to buy, resulting in a 9.6% surge in the company's stock. Conversely, Himsen fell sharply due to FDA backlash over a product launch and a patent infringement lawsuit from Novo Nordisk. Additionally, Kindle's stock declined significantly after revealing serious internal control weaknesses in its financial report.
Tomorrow's Economic Indicators
| Time | Report |
|---|---|
| 20:00 | U.S. January NFIB Small Business Optimism Index |
| 20:15 | U.S. ADP Weekly Employment Change Report |
| 20:30 | U.S. December Import Price Index |
| 20:30 | U.S. Q4 Employment Cost Index |
| 20:30 | U.S. December Retail Sales |
| 20:30 | U.S. November Business Inventories |
| 02:00 | Fed Chair Powell Speech |
| 02:00 | Fed Governor Waller Speech |
| TBA | U.S. 3-Year Treasury Auction |
A General Opinion
Investors are closely monitoring upcoming economic data releases for clues regarding potential interest rate cuts by the Federal Reserve. The focus is on whether the Consumer Price Index will provide additional signals of downward inflationary trends. The market remains mostly stable, with investors eagerly awaiting next week's economic indicators and statements from Federal Reserve officials.
