Tech Stocks Surge to New Highs Today Led by Nvidia’s Record Breaking Performance
This appears to be a collection of news articles and market updates from January 6, 2025. Here are the main points:
Market Updates
- The S&P 500 rose 0.8%, while the Dow Jones Industrial Average added 0.3%.
- The tech-heavy Nasdaq Composite led the gains, popping 1.2% after a tech-led rally on Friday.
- Tech stocks continued to build a strong start to the new year, with shares of Nvidia (NVDA) and AMD (AMD) rising more than 2%, Micron (MU) shooting higher by more than 9%.
- Chip stocks led the charge in early trading, boosted by a record revenue and strong sales forecast from Foxconn.
Earnings
- There were no notable earnings reports on January 6, 2025.
Economic News
- S&P Global US manufacturing and composite PMIs (December final) will be released.
- Factory orders and durable goods orders data for November will also be released.
Politics and Policy
- Trump’s revised tariff plans may be softer than initially expected, according to a report from the Washington Post. This has pushed stock futures higher ahead of Monday’s open.
- The dollar index was off about 1% early Monday after trading to two-year highs since Trump’s election win.
Other News
- Bitcoin (BTC-USD) joined the widespread market rally on Monday, quickly gaining steam in morning trade to reach more than $101,000 per token.
- Nvidia’s CEO Jensen Huang is set to give a keynote speech at CES tonight, which may be a catalyst for further gains in the stock.
Stocks Mentioned
- NVIDIA (NVDA)
- AMD (AMD)
- Micron (MU)
- Foxconn (2317.TW, HNHPF)
