The daily reports for important events that affects the forex, stocks and commodities markets.

17/01/2025 Evening Reports

Nasdaq 100 Soars 2% as Tech Leads Late-Week Rally: Key Highlights

Market Momentum:

  • Nasdaq 100 climbed 2%, with tech giants Tesla and Nvidia driving gains.
  • Intel jumped 8.5% amid acquisition rumors, boosting investor sentiment.

Trump Era Anticipation:

  • Markets rallied ahead of Donald Trump’s second inauguration, driven by optimism over tax cuts and trade talks with China.
  • Historical data suggests S&P 500 often performs better post-inauguration, with an average 9.5% gain after a year.

Sector Standouts:

  • Technology, financials, and communication services saw the strongest gains.
  • Large-cap stocks outperformed, fueled by AI adoption and strong earnings trends.

Bond and Yield Movements:

  • 10-year Treasury yields fell to 4.60%, capping a strong week for bonds.
  • Cooling inflation data rekindled hopes for rate cuts.

Global Developments:

  • Supreme Court upheld a TikTok ban over national security concerns.
  • GM faces an investigation into engine failures affecting over 870,000 vehicles.
  • Rio Tinto and Glencore explored a potential merger to challenge BHP Group.

Investor Insight:

  • Analysts predict the S&P 500 could reach 6,600 by year-end, with an estimated 9% earnings growth.
  • Valuation discipline and broader earnings momentum remain key for sustained market performance.

What’s Next?

  • All eyes are on Trump’s inauguration and his trade policies, with investors anticipating market volatility and new opportunities.
  • With earnings season underway, corporate performance and forward guidance will be key indicators for the strength and sustainability of the current rally. Investors will look for signs of resilience across sectors.
  • Technology, especially AI-driven sectors, is expected to remain a growth driver. However, high valuations in megacaps may invite scrutiny and caution.
Account Opening

Open A Live Account

CDO has wide range of tools, professional and friendly support for clients to achieve their financial markets trading goals. Open a live account now to enjoy this experience with virtual deposit.

Forex Mobile & Desktop App

CDO TRADER

CDO TRADER, our cutting-edge trading platform, follows the technology from the forefront with new features added continuously. Moreover, CDO TRADER is now available for Android and iOS! So it allows you to trade on the go!