Stocks rallied and broke records after President Trump's inauguration, with potential gains for investors.
From Nasdaq: 2025-01-24 12:15:22
- Markets were closed on Monday for Martin Luther King Jr. Day, but the week was eventful with President Trump’s inauguration. The S&P 500 broke records after Trump revealed a $500 billion AI infrastructure initiative and called for lower interest rates at the World Economic Forum. The Nasdaq and Dow also rallied on upbeat earnings, ending the week with potential gains.
- President Trump’s inauguration speech did not mention crypto, which affected MicroStrategy and Coinbase Global stocks. Oracle partnered with OpenAI and SoftBank to create Stargate, while nuclear energy stocks surged after Energy Department prioritized nuclear power production. Lockheed Martin, RTX, and General Dynamics in the defense sector were in focus.
- Earnings season was in full swing with blue chips like 3M, Procter & Gamble, Johnson & Johnson, and Texas Instruments sharing their results. American Airlines had a dismal forecast despite a better-than-expected fourth quarter. Twilio stock saw its best day since 2020 thanks to a strong revenue outlook.
- Next week, the Federal Open Market Committee will announce its interest rate decision along with the PCE index. Earnings reports are expected from AT&T, Boeing, Chevron, Exxon Mobil, Meta Platforms, Tesla, Starbucks, and Visa. Explore how the market could perform after dodging a delta-hedge decline and the typical post-Inauguration Day stock trends.
Read more at Nasdaq: Indexes Eye Weekly Wins to Close Out Inauguration Week