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Good morning. Here’s what’s happening today.
Earnings: None of note
Economic news: ISM manufacturing, ISM prices paid (December)
Here are some of the biggest stories you may have missed:
Tag: Street
Is Canoo (GOEV) a Buy as Wall Street Analysts Look Optimistic?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock’s price, do they really matter?
Let’s take a look at what these Wall Street heavyweights have to say about Canoo Inc. (GOEV) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Canoo currently has an average brokerage recommendation (ABR) of 1.86, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by seven brokerage firms. An ABR of 1.86 approximates between Strong Buy and Buy.
Of the seven recommendations that derive the current ABR, four are Strong Buy, representing 57.1% of all recommendations.
Broker Rating Breakdown Chart for GOEV Check price target & stock forecast for Canoo here>>>
While the ABR calls for buying Canoo, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five “Strong Buy” recommendations for every “Strong Sell” recommendation.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock’s future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock’s price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers — 1 to 5.
Canoo (GOEV) has been making waves in the electric vehicle (EV) industry, with its unique subscription-based model and innovative designs. As Wall Street analysts begin to take notice of the company’s potential, many are becoming increasingly optimistic about its future prospects.Analysts at several major investment firms have recently issued positive ratings and price targets for Canoo, highlighting its disruptive business model and strong growth potential. Some analysts believe that Canoo’s subscription-based approach could revolutionize the way consumers think about car ownership, making it a compelling investment opportunity.
However, it is important for investors to exercise caution when considering buying shares of Canoo. Like many EV startups, the company faces significant challenges as it works to scale up production and establish itself in a competitive market. Additionally, the EV industry is highly volatile, and Canoo’s stock price could be subject to sharp fluctuations in the coming months.
Overall, while Wall Street analysts are generally optimistic about Canoo’s prospects, it is important for investors to do their own research and carefully consider the risks before making a decision to buy the stock. With that being said, Canoo’s innovative approach and potential for growth make it a stock worth keeping an eye on in the EV space.
Tags:
Canoo stock analysis, GOEV stock forecast, Wall Street analysts, Canoo investment opportunities, GOEV stock news, Canoo stock price, Wall Street analyst predictions, GOEV stock analysis, Canoo stock outlook
#Canoo #GOEV #Buy #Wall #Street #Analysts #Optimistic
Dow, S&P 500, Nasdaq futures rise but weekly losses loom for Wall Street
US stock futures stepped higher on Friday, looking to shake off a downbeat start to 2025 as markets waited for manufacturing data and Tesla (TSLA) shares struggled for a comeback.
Futures on the S&P 500 (ES=F) rose 0.2%, while those on the Dow Jones Industrial Average (YM=F) were also up roughly 0.2%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) put on 0.3%.
Friday is the last day for the S&P 500 (^GSPC) to pull off a “Santa Claus” rally, watched closely as a historical harbinger of solid returns for January and the year.
But hopes are dim after the benchmark fell again on Thursday to notch a five-session losing streak, the longest since April. The S&P 500 and Dow are both on track to end the holiday-shortened week with losses of over 1%, while the Nasdaq is facing a weekly drop of almost 2%.
Meanwhile, Tesla shares wavered along the flat line, erasing earlier pre-market gains after the EV maker said its sales in China climbed to a record high in 2024. Tesla’s first yearly decline in global sales dragged the stock down 6% on Thursday.
US Steel stock slid almost 8% on reports that President Joe Biden has decided to block Japanese buyer Nippon Steel’s $14.9 billion takeover of the company, which had become a lightning rod for political opposition.
On the data docket, an update on US manufacturing due later should provide insight into whether the health of the US economy will keep the Federal Reserve reluctant to cut interest rates.
LIVE 2 updates
The stock market seems to be bouncing back as Dow, S&P 500, and Nasdaq futures rise, indicating a positive start to the trading day. However, despite this temporary surge, Wall Street is still facing the possibility of ending the week with losses.Investors are cautiously optimistic as they navigate through ongoing concerns surrounding inflation, interest rates, and the global economic recovery. The market has been experiencing volatility due to these uncertainties, leading to fluctuations in stock prices.
As we head into the end of the week, it will be interesting to see how the market performs and whether the gains in futures will hold. It is essential for investors to stay informed and closely monitor market trends to make informed decisions about their investments.
Tags:
- Dow Jones futures
- S&P 500 futures
- Nasdaq futures
- Wall Street weekly losses
- stock market update
- market trends
- financial news
- market analysis
- trading strategies
- economic outlook
#Dow #Nasdaq #futures #rise #weekly #losses #loom #Wall #Street
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New Orleans cuisine restaurant in Houston hosting fundraiser for victims of New Year’s Day attack on Bourbon Street
HOUSTON – A New Orleans native who owns an oyster restaurant on the southwest side is holding a fundraiser, intended to support families of the victims of the New Year’s Day terrorist attack on Bourbon Street.
14 people were killed and dozens others injured after a man identified as Shamsud-Din Jabbar drove a truck through the crowd.
The fundraising effort is happening at the Tiger 2 Step Oyster King restaurant on Richmond Avenue and Fountainview.
Owner, Royal Bellock, just got back from New Orleans Thursday and showed Deven Clarke how he and his staff are now using their native cuisine to inspire Houstonians to lend a helping hand.
“Even though we not there right now, we back and forth and we still in Houston, but we still from New Orleans and that’s where our heart at,” Bellock said. “We had just made it home (to New Orleans) from Houston, it was on the news.”
“Man that took all the air out me, it’s sad to bring the new year in like that, you know what I’m saying?” said Chef Derris Helton. “All them innocent people out there, know what I’m saying, just a terrible situation man.”
“A lot of us people that live in Houston have family members in New Orleans so we know what tragedy feels like,” said activist Candice Matthews. “We know what it means to bind together when it comes to a time of need.”
“We want to be real supportive,” said co-owner Jackquel Johnson. “Until Sunday, January 5th at 7 p.m., each oyster sale, we’re going to take a percentage of that and donate that to the GoFundMe that we have open for them.”
The main idea for the fundraiser is to raise money for the victims families, but also to raise awareness about the tragic incident that happened and the spirit of New Orleans. One that natives say is resilient and can never be defeated.
“We done been through Katrina, we done been through Gustav, we done been through everything man. Like they can’t beat us down man we gonna keep going no matter what,” Bellock said.
Copyright 2025 by KPRC Click2Houston – All rights reserved.
Join us at our New Orleans cuisine restaurant in Houston as we come together to support the victims of the tragic New Year’s Day attack on Bourbon Street in New Orleans.We will be hosting a fundraiser to raise funds for those affected by this senseless act of violence. Come enjoy delicious Cajun and Creole dishes while making a difference in the lives of those in need.
Let’s show our support and solidarity with the people of New Orleans during this difficult time. Together, we can make a difference and help those who have been impacted by this tragedy.
Stay tuned for more details on the fundraiser event date and time. Let’s come together as a community to support those in need. #NewOrleansStrong #HoustonSupportsNewOrleans
Tags:
- New Orleans cuisine
- Houston restaurant
- Fundraiser event
- Victims of Bourbon Street attack
- New Year’s Day tragedy
- Community support
- Charity event
- Houston fundraiser
- Southern cuisine
- Relief efforts
#Orleans #cuisine #restaurant #Houston #hosting #fundraiser #victims #Years #Day #attack #Bourbon #Street
Marbotic – Sesame Street Numbers for iPad -Ages 3-5 – Interactive Wooden Numbers
Marbotic – Sesame Street Numbers for iPad -Ages 3-5 – Interactive Wooden Numbers
Price : 16.99
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Introducing Marbotic – Sesame Street Numbers for iPad!Designed for children ages 3-5, this interactive learning tool combines the tactile experience of wooden numbers with the engaging technology of the iPad.
With the beloved characters from Sesame Street guiding them along the way, kids can explore numbers, counting, and basic math concepts in a fun and educational way.
The set includes 10 wooden numbers that interact with the iPad screen, allowing children to play games, solve puzzles, and learn at their own pace.
Whether your child is just starting to learn about numbers or is ready to practice more advanced skills, Marbotic – Sesame Street Numbers is the perfect tool to support their early math development.
Get ready to count, play, and learn with this innovative and engaging educational toy!
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#Marbotic #Sesame #Street #Numbers #iPad #Ages #Interactive #Wooden #Numbers,ages 3+
Family mourns New Jersey man killed in Bourbon Street attack | News
Billy DiMaio never sat still, whether he was playing lacrosse, running marathons, working out or lending a hand to his folks or anyone else in need of help.
“He was a good, humble kid,” DiMaio’s father, Bill DiMaio, 53, said. “He loved life.”
Billy DiMaio, 25, was one of the 14 people killed early Wednesday morning when a man drove a truck down Bourbon Street in New Orleans through a crowd of New Year’s revelers in what officials are investigating as an act of terrorism.
Billy DiMaio, 25.
“He was a pure, gentle-hearted soul. He will be truly missed,” Billy DiMaio’s mother, Tracie, 55, said.
Billy DiMaio was a New York-based account executive with Audacy Inc., and the oldest of three children. He was very close with his sister and brother and considered his father his best friend, Tracie DiMaio said.
“We did everything together,” she said.
Billy DiMaio was family-oriented, his parents said. He loved spending time with relatives and even had a tattoo featuring all of his cousins’ names.
“He put his family first, and his friends meant the whole world to him,” Tracie DiMaio said.
Billy DiMaio grew up on Long Island, New York. That’s where he first picked up a lacrosse stick, according to his parents.
“He started and fell in love with it,” Bill DiMaio said.
His passion grew even after the family moved to Holmdel, New Jersey. Though active in just about every sport — football, hockey, running, etc. — lacrosse became his main focus.
Billy DiMaio was captain of his team at Chestnut Hill College in Philadelphia. He trained other children to play, as well, Bill DiMaio said.
After graduation in 2022, he earned a master’s degree in business. Billy DiMaio began working at Audacy in 2023.
On Thursday, the company released the following statement:
“Beyond his professional achievements, Billy will be fondly remembered for his unwavering work ethic, positive attitude, and kindness. He was a true asset to the Audacy team, and his contributions and presence will be deeply missed. Our thoughts are with Billy’s family and friends during this exceedingly difficult time, and we extend our deepest sympathies to them and every member of the Audacy family who had the privilege of working with him.”
Billy DiMaio traveled to the New Orleans area to celebrate New Year’s and hang out with friends who were attending the Sugar Bowl, his parents said. His friends were not injured in the attack.
On Wednesday, the DiMaio family remembered Billy as a positive force who wanted nothing more than to make others happy.
“He was a special child,” Bill DiMaio said. “He had a gift that everyone saw right away. Right away.”
We are deeply saddened to share the tragic news of the passing of a beloved family member, friend, and community member from New Jersey. The victim, whose name has not been released, was killed in a violent attack on Bourbon Street in New Orleans.The family is devastated by this senseless act of violence and is mourning the loss of their loved one. Our hearts go out to them during this difficult time as they try to come to terms with this devastating news.
The victim was described as a kind and caring individual who always put others before himself. He will be greatly missed by all who knew him.
Our thoughts are with the family as they navigate this incredibly difficult journey of grief and loss. We hope that they can find some solace in the memories they shared with their loved one and find strength in the support of their community.
May the victim rest in peace, and may justice be served for this tragic and senseless act of violence.
Tags:
- New Jersey man killed in Bourbon Street attack
- Family mourns tragic loss in New Orleans
- Bourbon Street violence claims life of New Jersey resident
- Deadly attack on Bourbon Street leaves family devastated
- New Jersey man killed in senseless Bourbon Street assault
- Mourning the loss of a loved one in New Orleans tragedy
- Family grieves after New Jersey man dies in Bourbon Street attack
- Tragic death on Bourbon Street shakes New Jersey community
- Remembering the victim of the Bourbon Street attack in New Orleans
- New Jersey man’s death in Bourbon Street incident prompts outpouring of support
#Family #mourns #Jersey #man #killed #Bourbon #Street #attack #News
Dow, Nasdaq, S&P 500 waver as Wall Street eyes a new year comeback
Stocks erased session gains on Thursday to kick off the first trading day of the new year as Wall Street returned from holiday.
The S&P 500 (^GSPC) fell 0.7% after opening in green territory, while the Dow Jones Industrial Average (^DJI) also dropped nearly 0.7%. The tech-heavy Nasdaq Composite (^IXIC) fell 0.9% after markets reopened from Wednesday’s closure.
Markets were eyeing a comeback after a year-end slide to begin the week dented hopes for a “Santa Claus rally.” The decline capped a blowout 2024 for US stocks that saw the S&P 500 (^GSPC) post two years in a row of over-20% gains — something it hasn’t achieved in almost three decades.
Bond yields and the US Dollar Index (DX-Y.NYB) continued to march higher on Thursday. The 10-year treasury yield was up about 2 basis points to hover just under 4.6%. Meanwhile, the US Dollar Index rose above 109, hitting its highest level since November 2022.
Tesla (TSLA) shares slid almost 6% after the electric vehicle maker posted its first decline in annual deliveries on Thursday morning. Also in focus was news that a Cybertruck loaded with firework mortars and fuel canisters exploded in Las Vegas on Wednesday, killing one person. The FBI is investigating whether the blast outside the Trump International Hotel was an act of terrorism.
Over the holiday week, US mortgage rates rose to 6.97% to reach the highest level since early July, data showed. The gain weighed on applications for home purchases and dented refinancing, according to the Mortgage Bankers Association.
Weekly jobless claims fell to their lowest level since April. Data released by the Department of Labor on Thursday morning showed claims of 211,000, a decrease from the previous week’s upwardly revised level of 220,000.
On the corporate front, Apple (AAPL) shares fell around 3% after the iPhone maker offered rare price discounts on its latest models in China, reflecting rising competition from local handset makers.
LIVE 12 updates
The Dow Jones, Nasdaq, and S&P 500 are all experiencing fluctuations as Wall Street eagerly anticipates a potential new year comeback. After a tumultuous year filled with economic uncertainty and market volatility, investors are hoping for a fresh start in 2022.The Dow Jones Industrial Average, which tracks the performance of 30 large-cap companies, has been bouncing between gains and losses as investors weigh the impact of rising inflation, supply chain disruptions, and geopolitical tensions. Similarly, the tech-heavy Nasdaq Composite and the broad-based S&P 500 have also been struggling to find direction amidst a rapidly changing economic landscape.
Despite the challenges facing the markets, some analysts remain optimistic about the potential for a year-end rally. With the Federal Reserve signaling its commitment to supporting the economy and corporate earnings expected to remain strong, there is hope that the markets will be able to bounce back in the new year.
However, uncertainties remain, and investors are advised to proceed with caution as they navigate the ever-changing market conditions. As we approach the end of the year, all eyes will be on Wall Street as investors eagerly await signs of a potential comeback in the new year.
Tags:
- Stock market news
- Dow Jones
- Nasdaq
- S&P 500
- Wall Street
- New year comeback
- Market volatility
- Investment trends
- Economic outlook
- Financial analysis
#Dow #Nasdaq #waver #Wall #Street #eyes #year #comeback
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Bourbon Street attacker acted alone, ‘evil act’ kills 14
NEW ORLEANS (WVUE) – Authorities held a press conference Thursday morning (Jan. 2), providing updates on the Bourbon Street terror attack that claimed the lives of 14 victims and injured 35 others early New Year’s Day.
FBI Deputy Director Christopher Raia confirmed that 14 victims died in the attack, along with the suspect, Shamsud Din Jabbar, bringing the total to 15 fatalities.
“This was a premeditated, evil act,” Raia told reporters.
Shamsud-Din Jabbar(FBI) Officials revealed that Jabbar posted five videos between 1:20 a.m. and 3:02 a.m. on New Year’s Day, proclaiming support for ISIS.
In the first video, Raia says Jabbar expressed a desire to kill his friends and family, but ultimately desired to target Bourbon Street so the media headlines would highlight what he called the war between “believers and disbelievers.”
Jabbar stated he joined ISIS before summer of 2024.
“He was one hundred percent inspired by ISIS,” Raia said.
Authorities say Jabbar rented a pickup truck in Houston on Dec. 30 and drove to New Orleans on Dec. 31. Surveillance video reportedly shows Jabbar planting improvised explosive devices (IEDs) in coolers at two locations – the intersection of Bourbon and Orleans streets, and another two blocks away – before driving his truck into a crowd.
“It’s very hard to put into words and very hard to see,” Raia said, reflecting on the devastating scene.
The FBI confirmed that two viable IEDs were rendered safe by bomb technicians, while other reports of suspicious devices were determined to be unfounded or unviable. The public is not in danger, Raia assured.
Jabbar stayed at an Airbnb on Mandeville Street, where bomb-making materials were discovered. The house has been secured, and agents are conducting a thorough search for additional evidence.
Three cell phones tied to Jabbar and two laptops found at the Mandeville Street property are currently being processed.
TERROR ATTACK
Calls for Public Assistance
Authorities are asking anyone who was in the French Quarter on New Year’s Eve or New Year’s Day to come forward, especially those who may have stopped near the coolers containing the IEDs. Raia emphasized that these individuals are not connected to the attack but could provide valuable information.
Raia clarified that early suspicions of co-conspirators were based on surveillance footage showing patrons briefly interacting with the coolers containing IEDs, but the FBI has since determined these individuals were uninvolved, confirming that Jabbar acted alone.
French Quarter Status
Bourbon Street remains closed to the public as local and federal officials conclude their investigation. Mayor LaToya Cantrell announced the street would reopen around 30 minutes before the Sugar Bowl’s 3 p.m. kickoff.
Potential Link to Vegas Incident
The FBI is investigating a cybertruck explosion in Las Vegas for potential links to Jabbar. However, Raia cautioned that it is “very early in the investigation” and no definitive connection has been established.
FOX5 Las Vegas was live reporting the latest on the Cybertruck explosion in front of the Trump hotel. Landry Tours Scene
Governor Jeff Landry arrived with law enforcement officials to survey the area of the Bourbon Street terror attack Thursday morning before the press conference.
“At the end of the day, we want New Orleans to get back to business…and we also want to remember all those who lost their lives on the street,” Landry said in an exclusive interview with Fox 8.
Standing from the freshly cleared area where 15 people died, including the suspect, and at least 35 were injured, Landry made the point the victims had come to Bourbon Street to celebrate. He said that it would be an additional tragedy if the tourist center couldn’t return to its usual status.
“What people need to understand is, that it’s a two-pronged operation,” Landry said. “We’ve got a football game to put on today and at the same time there’s an active investigation by the FBI on a constant basis.”
TERROR ATTACK
Landry said he will attend Thursday’s Sugar Bowl football game between Notre Dame and Georgia and that the city will be safe for visitors.
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In a shocking and tragic turn of events, authorities have confirmed that the attacker who carried out the deadly rampage on Bourbon Street acted alone. The heinous act, which claimed the lives of 14 innocent people, has been described as an “evil act” by officials.The attacker, whose identity has not yet been released, reportedly opened fire on unsuspecting bystanders in a crowded area of the popular tourist destination. The motive behind the attack remains unclear, leaving many questions unanswered as the community grapples with the senseless loss of life.
As the investigation into the attack continues, authorities are urging the public to remain vigilant and report any suspicious activity. The city of New Orleans is reeling from the tragedy, with residents and visitors alike mourning the lives lost in this senseless act of violence.
Our thoughts and prayers are with the victims and their families during this difficult time. May justice be served for those who lost their lives, and may peace and healing come to the community in the wake of this devastating event.
Tags:
- Bourbon Street attacker
- Evil act
- New Orleans tragedy
- Mass shooting
- Lone gunman
- Bourbon Street shooting
- 14 killed
- Louisiana violence
- Solo attacker
- Senseless tragedy
#Bourbon #Street #attacker #acted #evil #act #kills
S&P 500, Dow rise as Wall Street eyes a new year comeback
Stocks edged higher on Thursday to kick off the first trading day of the new year as Wall Street returned from holiday.
The S&P 500 (^GSPC) rose 0.2%, while the Dow Jones Industrial Average (^DJI) put on 0.5%. The tech-heavy Nasdaq Composite (^IXIC) moved up roughly 0.5% after markets reopened from Wednesday’s closure.
Markets are eyeing a comeback after a year-end slide to begin the week dented hopes for a “Santa Claus rally.” But the decline capped a blowout 2024 for US stocks that saw the S&P 500 (^GSPC) post two years of over-20% gains in a row — something it hasn’t achieved in almost three decades.
Several Big Tech stocks rose modestly, with shares of Nvidia (NVDA), Amazon (AMZN), and Meta (META) all stepping higher as optimism around artificial intelligence crept back in. Investors have been debating what role the “Magnificent Seven” stocks will play in powering markets in 2025 after their massive outperformance last year.
But Tesla (TSLA) shares slid over 4%, pulling back from premarket gains after the EV maker posted its first decline in annual deliveries on Thursday morning. Also in focus was news that a Cybertruck exploded in Las Vegas on Wednesday, killing one person. The FBI is investigating whether the blast outside the Trump International Hotel was an act of terrorism.
Over the holiday week, US mortgage rates rose to 6.97% to reach the highest level since early July, data showed. The gain weighed on applications for home purchases and dented refinancing, according to the Mortgage Bankers Association.
Weekly jobless claims fell to their lowest level since March. Data released by the Department of Labor on Thursday morning showed claims of 211,000, a decrease from the previous week’s upwardly revised level of 220,000.
On the corporate front, Apple (AAPL) shares fell 1.7% after the iPhone maker offered rare price discounts on its latest models in China, reflecting rising competition from local handset makers. Meanwhile, Alibaba’s (BABA, 9988.HK) stock tipped lower as markets absorbed news the Chinese e-commerce giant will sell its shares in hypermarket chain Sun Art (SURRY, 6808.HK) at a steep discount.
LIVE 4 updates
The S&P 500 and Dow Jones Industrial Average are on the rise as Wall Street looks to make a comeback in the new year. After a tumultuous end to 2020, investors are optimistic about the prospects for 2021.Both indexes have seen gains in recent days, with the S&P 500 hitting record highs and the Dow Jones inching closer to its own all-time high. The positive momentum has been driven by hopes for a strong economic recovery, as well as expectations for further stimulus measures from the government.
Investors are also keeping a close eye on corporate earnings reports, which are expected to show signs of improvement as businesses adapt to the challenges posed by the pandemic. Tech stocks, in particular, have been a bright spot, with companies like Apple, Amazon, and Microsoft leading the charge.
As we head into the new year, Wall Street is cautiously optimistic about the road ahead. While there are still uncertainties and challenges to navigate, the overall sentiment is one of hope and resilience. The S&P 500 and Dow Jones are both showing signs of strength, and investors are hopeful that this upward trend will continue in the coming months.
Tags:
- S&P 500
- Dow Jones
- Wall Street
- New Year comeback
- Stock market
- Investment
- Financial news
- Market analysis
- Economic outlook
- Trading trends
#Dow #rise #Wall #Street #eyes #year #comeback
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S&P 500, Dow rise as Wall Street eyes a new year comeback
Stocks edged higher on Thursday to kick off the first trading day of the new year as Wall Street returned from holiday.
The S&P 500 (^GSPC) rose 0.2%, while the Dow Jones Industrial Average (^DJI) put on 0.5%. The tech-heavy Nasdaq Composite (^IXIC) moved up roughly 0.5% after markets reopened from Wednesday’s closure.
Markets are eyeing a comeback after a year-end slide to begin the week dented hopes for a “Santa Claus rally.” But the decline capped a blowout 2024 for US stocks that saw the S&P 500 (^GSPC) post two years of over-20% gains in a row — something it hasn’t achieved in almost three decades.
Several Big Tech stocks rose modestly, with shares of Nvidia (NVDA), Amazon (AMZN), and Meta (META) all stepping higher as optimism around artificial intelligence crept back in. Investors have been debating what role the “Magnificent Seven” stocks will play in powering markets in 2025 after their massive outperformance last year.
But Tesla (TSLA) shares slid over 4%, pulling back from premarket gains after the EV maker posted its first decline in annual deliveries on Thursday morning. Also in focus was news that a Cybertruck exploded in Las Vegas on Wednesday, killing one person. The FBI is investigating whether the blast outside the Trump International Hotel was an act of terrorism.
Over the holiday week, US mortgage rates rose to 6.97% to reach the highest level since early July, data showed. The gain weighed on applications for home purchases and dented refinancing, according to the Mortgage Bankers Association.
Weekly jobless claims fell to their lowest level since March. Data released by the Department of Labor on Thursday morning showed claims of 211,000, a decrease from the previous week’s upwardly revised level of 220,000.
On the corporate front, Apple (AAPL) shares fell 1.7% after the iPhone maker offered rare price discounts on its latest models in China, reflecting rising competition from local handset makers. Meanwhile, Alibaba’s (BABA, 9988.HK) stock tipped lower as markets absorbed news the Chinese e-commerce giant will sell its shares in hypermarket chain Sun Art (SURRY, 6808.HK) at a steep discount.
LIVE 4 updates
The S&P 500 and Dow Jones Industrial Average are making a strong comeback as Wall Street looks ahead to a new year of potential growth. Despite recent volatility and uncertainty in the markets, both indexes have been steadily climbing in recent days, signaling optimism among investors.The S&P 500, a broad measure of the stock market, has seen gains as tech stocks rebound and consumer confidence remains high. The Dow Jones Industrial Average, which tracks the performance of 30 large, publicly traded companies, has also been on the rise as investors look towards a new year of potential economic growth and stability.
As the year comes to a close, investors are hopeful that the recent gains in the stock market will continue into the new year, setting the stage for a strong start to 2022. With the Federal Reserve signaling a commitment to supporting the economy and continued progress on the COVID-19 front, there is optimism that the markets will continue to rise in the coming months.
Overall, the recent gains in the S&P 500 and Dow Jones Industrial Average are a positive sign for investors as they look towards a new year filled with potential opportunities for growth and prosperity. Stay tuned for more updates on the markets as we head into 2022.
Tags:
- S&P 500
- Dow Jones
- Wall Street
- New Year
- Stock market
- Investment
- Market trends
- Financial news
- Economic outlook
- Market comeback
#Dow #rise #Wall #Street #eyes #year #comeback
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Rico Industries NBA Metal Street Sign Metal Street Sign 4″ x 15″ Home Décor – Bedroom – Office – Man Cave
Price:$15.99– $11.89
(as of Jan 02,2025 14:43:36 UTC – Details)
HIGH QUALITY – 4″ x 15″ sign made of strong/thick aluminum, Excellent waterproof and dust-proof ability, Very durable, an ideally sized. Bright and Vibrant colors will make this stand out!
MADE IN THE USA – Made proudly in the USA by American work force
SIZE – Perfect size (4×15)to fit outside on a porch, in a bedroom, wall décor in man cave, living room, or in a garage. Represent your favorite team everywhere!
HANG ABILITY – Comes with 2 drilled in holes so you can easily hang this in your desired location.Customers say
Customers appreciate the sign’s quality, size, and sturdiness. They find it sturdy and well-made. However, opinions differ on the build quality.
AI-generated from the text of customer reviews
Are you a die-hard NBA fan looking to upgrade your home décor? Look no further than the Rico Industries NBA Metal Street Sign! This 4″ x 15″ sign is perfect for adding a touch of basketball flair to your bedroom, office, or man cave.Made from durable metal, this street sign features vibrant team colors and logos that will show off your team pride in style. Whether you’re a fan of the Lakers, Celtics, Warriors, or any other NBA team, this sign is the perfect addition to your collection.
So why wait? Elevate your space with the Rico Industries NBA Metal Street Sign today!
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