Tech stocks lead market rally with S&P 500, Dow Jones, and Nasdaq 100 up

From Nasdaq: 2025-01-22 15:24:16

The S&P 500, Dow Jones, and Nasdaq 100 are up today, with technology stocks leading the market higher. Netflix surged over 11% after strong Q4 earnings. Oracle, up 6%, joined forces with Softbank and Open AI for a $100 billion AI joint venture. ARM Holdings, Nvidia, and Microsoft also saw gains.

President Trump’s trade policies influenced stock market trends. MBA mortgage applications rose slightly. US Dec leading indicators met expectations. Earnings season is ongoing with positive estimates for S&P 500 Q4 earnings. Markets foresee a 1% chance of a rate cut at the upcoming FOMC meeting.

Overseas markets varied, with Euro Stoxx 50 hitting a 24-year high. Interest rates fluctuated, with T-notes initially rising but falling later in the day. European government bond yields decreased. ECB members hinted at possible rate cuts. German economy is expected to remain stagnant in Q1 2025.

Stock movers included Netflix, Oracle, ARM Holdings, Nvidia, Microsoft, Seagate Technology, Travelers Cos, Teledyne Technologies, TE Connectivity, Procter & Gamble, United Airlines. Agilysys and Textron saw declines. Johnson & Johnson, Ford Motor, Fifth Third Bancorp, and Reddit also experienced losses.

Earnings reports for January 22, 2025, include Abbott Laboratories, Amphenol Corp, Discover Financial Services, GE Vernova Inc, Halliburton Co, Johnson & Johnson, Kinder Morgan Inc, Procter & Gamble, Steel Dynamics Inc, TE Connectivity PLC, Teledyne Technologies Inc, Textron Inc, Travelers Cos Inc.



Read more at Nasdaq: Stocks Rally on Leadership from Tech Stocks