From Nasdaq: 2025-01-16 16:25:13

Despite a positive start to earnings season, the S&P 500, Dow, and Nasdaq struggled for direction. Apple had its worst day since August due to losing prominence in China. The 10-year U.S. Treasury yield cooled, and the VIX ended a losing streak. Big bank earnings continue, a holiday-shortened trading week is ahead, and retail stock slipped after guidance update.

In his final address, President Joe Biden warned of a potential oligarchy forming before President-elect Donald Trump takes office. American Express settled a $230 million case with the Department of Justice. Southwest Airlines stock was downgraded, Netflix stock rose on a pre-earnings bull note, and a lackluster forecast dragged a popular retail stock.

Crude oil fell as global supply concerns eased with news of an Israel-Hamas cease-fire deal. Gold reached a one-month peak as inflation data weighed down the 10-year U.S. Treasury yield, with gold settling at $2,748.60 an ounce.



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