Stock market had positive gains last week, with strong bank earnings and easing inflation.

From Nasdaq Corporation

January 22, 2025 12:12:00 am:

Last week, Wall Street saw positive gains with the S&P 500 up 2.9%, the Dow Jones up 3.7%, and the Nasdaq Composite up 2.5%, marking their biggest weekly advances since the U.S. presidential election in November. Retail sales in December grew at a slower pace than expected, hinting at a dovish Fed outlook. Gaza ceasefire, easing inflation, and strong bank earnings also contributed to the market’s growth.

Inflation in the U.S. rose for the 3rd consecutive month in December to 2.9%, driven in part by low base effects from the previous year. A ceasefire agreement was reached between Israel and Hamas, aiming to end the 15-month war in the Gaza Strip. Retail sales in December grew by 0.4%, lower than the expected 0.6% increase, leading to hopes for a dovish Fed approach.

Bitcoin prices rebounded by about 9% last week, with related securities like MicroStrategy Inc and Coinbase Global Inc seeing significant gains. Leveraged ETFs like Bull-MSTR, Bull Coinbase, Bull Homebuilders, Bull Regional Banks, and Bull Bitcoin all posted gains last week, showcasing the market’s positive momentum.

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