Reported 1 day ago
On January 13, 2025, the stock market exhibited mixed results as the Dow Jones Industrial Average increased by 0.7%, while the Nasdaq Composite and S&P 500 fell approximately 0.7% and 0.1% respectively, driven by rising bond yields and a strengthening dollar amid waning expectations for interest rate cuts. Major technology stocks, including Nvidia and Apple, experienced declines due to fears of prolonged higher borrowing costs following a solid jobs report. Meanwhile, oil prices surged amidst new sanctions against Russia, and Moderna faced a steep drop after revising its sales forecast down by $1 billion.
Source: YAHOO