Markets closed for MLK Jr. Day, indexes up, optimism for Q4 earnings season

From Zacks Investment Research: 2025-01-20 12:24:10

Stock markets are closed for Martin Luther King Jr. Day, with indexes up at least +2% year to date. President-elect Donald Trump will be inaugurated today, the second president to serve non-consecutive terms. Indexes have risen since his election: Dow +4.74%, S&P 500 +5.60%, Nasdaq +8.04%, Russell 2000 +3.20%. The previous election cycle saw significant gains for stocks. Optimism surrounds the next four years, with expectations of deregulation boosting earnings. Concerns include immigration policies, healthcare initiatives, and corporate tax rates. This week, Netflix, Johnson & Johnson, and American Express report Q4 earnings, kicking off a busy earnings season.



Read more at Zacks Investment Research: Markets Await for Q4 Earnings – January 20, 2025