Today's developments in the stock market are fascinating: U.S. stocks are rising again and technology companies are back in the lead! 🖥️⚙️
Right at the opening bell, U.S. stocks started rising, leading S&P 500 index to another record. Investors are expressing optimism about economic developments and are expecting interesting results that could indicate the rise of technology companies in the field of artificial intelligence.
The S&P 500 index has seen up 2.27% year-to-date to 4,868 an all-time high. TheDow Jones Industrial Average has added 0.7% year-to-date reaching a new high today, while Nasdaq technology shares jumped by less than 4% since the beginning of the year..
Driven by artificial intelligence, the growth in technology stocks helped overcome the downturn in early 2024, and the major indices turned positive in January.
Watch closely this week for quarterly results from companies like Netflix $NFLX+0.0%, Intel $INTC+0.0%, Verizon $VZ+0.0%, 3M Company $MMM+0.0%, Lockheed Martin Corporation $LMT+0.0%, Johnson & Johnson $JNJ+0.0%, ASML Holding $ASML+0.0%, Tesla $TSLA+0.0%, AT&T $T+0.0%, Visa $V+0.0% and many more. It is likely that the market will behave in the coming weeks based on the results of the largest corporations that can take the entire stock market down with them.
At the same time, Federal Reserve officials, whose comments have had an impact on stocks in the past, are expected to be more restrained ahead of the upcoming policy meeting on January 30. GDP data and the Fed's preferred inflation gauge may bring new insight into the interest rate cut debate later in the week. 📈💼
What do you think the week ahead will look like? Will we see new ATH in the stock indices?