Chip stocks like Nvidia and Micron are leading the market higher

From Nasdaq: 2025-01-06 14:02:48

The S&P 500, Dow Jones, and Nasdaq 100 are all up, with chip makers leading the market higher. Nvidia and Microsoft are seeing gains. Tariffs on critical imports are being considered by President-elect Trump’s aides, while Fed officials express concerns about inflation. Economic data is mixed, with upcoming reports to watch.

Overseas markets are mixed, with the Euro Stoxx 50 up and China’s Shanghai Composite down. T-notes are under pressure due to hawkish Fed comments and supply pressures. European bond yields are rising, and investor confidence in the Eurozone is down. Swaps predict a rate cut by the ECB.

Chip makers like Nvidia and Micron are surging, with Hon Hai Precision Industry Co reporting strong revenue growth. Other stocks like American Airlines, Stellantis NV, and Vertiv Holdings are also up. Uber announces a share repurchase agreement, while Moderna gains amid increasing flu activity. T-Mobile US and other stocks see declines.

Earnings reports for Commercial Metals Co are expected on 1/6/2025. The author did not hold positions in mentioned securities. For more information on disclosures, refer to the Barchart Disclosure Policy.



Read more at Nasdaq: Strength in Chip Stocks Boosts the Overall Market