From Nasdaq:

1. The U.S. stock market is set to continue its winning streak with six consecutive days of gains, due to better-than-expected economic growth and hopes for a slowdown in inflation. Economic data showed mixed results, with durable goods orders stagnant in December and unemployment claims higher than expected.

2. Market expectations on Fed interest rates have not changed significantly, with a 56% chance of no change in March, followed by six straight cuts by December. The dollar strengthened by 0.4%, while treasury yields fell by about 4 basis points, boosting the fixed-income space. Oil prices rose by 2%, reaching nearly $77 per barrel.

3. Thursday’s performance in U.S. major indices and ETFs showed slight gains across the board, with the SPDR S&P 500 ETF Trust and the SPDR Dow Jones Industrial Average rising by 0.2% and 0.1% respectively. Sector-wise, the Real Estate Select Sector Fund outperformed, while the Consumer Discretionary Select Sector Fund was down 1.6%, impacted by Tesla.

4. Tesla Inc. saw a significant decline of more than 12% after missing both revenue and earnings estimates. Meanwhile, airline stocks reacted to quarterly earnings, with American Airlines Group Inc. up 10%, while Alaska Air Group Inc. and Southwest Airlines Company experienced more moderate changes. Other companies had mixed reactions to earnings announcements as well.

5. In conclusion, the U.S. stock market experienced gains driven by better-than-expected economic growth and inflation expectations. Various stocks and ETFs saw slight gains, with Tesla taking a significant hit after missing revenue and earnings estimates. The outlook for Fed interest rates remained steady, and oil prices rose due to lower-than-expected inventory data and increased tensions in the Middle East.



Read more: S&P 500 Eyes Sixth Green Session, Tesla Tumbles, Oil At 2-Month High: What’s Driving Markets Thursday?