Episode Details
Back to EpisodesPre-Market Report – Monday 12th January - US Markets push ever higher - SPI up 29 - ALL wins.
Description
US equities were higher in Friday trading as stocks ended just off best levels. S&P 500 set a fresh record close and Nasdaq a little over 1% off its record, as both indexes capped of third week higher in past four. Big tech all higher with TSLA the standout, while high beta, momentum, retail favorites among better performers. Outperformers included homebuilders (Trump policy proposals), nuclear (Meta agreements), solar, building products, home improvement, E&Cs, copper and aluminum, airlines, parcels and logistics, semicap equipment, and A&D. Laggards included China tech, software, networking/communications equipment, toys, credit cards, rails, entertainment, hospitals, and MCOs. Treasuries mixed with curve flattening; yields up 5 bp at front-end. Dollar index up 0.2%; yen in focus amid latest snap election rumors. Gold finished up 0.9%. back above $4,500/oz. Silver settled up 5.6%, capped off 11.7% weekly gain. Bitcoin futures down 0.5%. WTI crude was up 2.4%.
SPI up 29 ALL has a win against LNW.
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