An overall positive day in the stock market with chip stocks driving gains

From Nasdaq: 2025-01-06 18:36:47

The S&P 500, Dow Jones, and Nasdaq closed mixed, with chip makers driving gains. Nvidia and Microsoft saw boosts. President-elect Trump’s aides consider tariffs on critical imports. Fed comments on inflation and interest rates influenced the market. Economic data was mixed, with upcoming reports to gauge US economy strength. Stock markets overseas settled mixed as well.

Interest rates rose as T-notes fell. European government bond yields also climbed. The Eurozone saw mixed data with slight declines in investor confidence but stronger CPI figures. Swaps indicate a high probability of an ECB rate cut. US stock movers included chip makers like Nvidia and companies like Uber and US Steel. Market reactions varied, with some stocks gaining and others declining. Earnings reports for various companies were released on 1/7/2025.



Read more at Nasdaq: Broader Market Settles Higher as Chip Stocks Rally