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New report excessive shut for the S&P index

US shares shut sharply greater with the S&P index closing at a brand new report degree and above the 4800 degree. The NASDAQ index led the best way.

For the week, the most important indices all closed greater for the 2nd consecutive week after sharp declines in week 1 of the 2024 buying and selling 12 months.

The ultimate numbers are displaying:

  • Dow Industrial Common rose 395.19 factors or 1.05% at 37863.83
  • S&P index rose 58.87 factors or 1.23% at 4839.82
  • NASDAQ index rose 255.31 factors or 1.70% at 15316.96

Small-cap Russell 2000 received concerned as properly with a 20.73 level rise or 1.08% at 1944.39.

For the buying and selling week, the most important indices all closed greater led by the NASDAQ factors once more:

  • Dow Industrial Common +0.72%
  • S&P index rose 1.17%
  • NASDAQ index rose 2.26%

For the primary 3-weeks of the brand new buying and selling 12 months, all three main indices at the moment are up on the 12 months:

  • Dow Industrial Common is up 0.46%
  • S&P index is up 1.47%
  • NASDAQ index is up 2.0%

How are the Magnificent 7 doing within the first three weeks of the buying and selling 12 months?

  • Nvidia up 20.15%
  • Meta-+8.33%
  • Apple -0.51%
  • Alphabet +4.79%
  • Microsoft +6.02%
  • Amazon +2.23%
  • Tesla -14.60%

Subsequent week, the earnings for the fourth quarter begin to kicking with some large-cap movers. Beneath is a sampling of a few of these earnings releases:

Monday, January 22

Tuesday, January 23

  • Verizon
  • 3M
  • GE
  • Johnson & Johnson
  • Halliburton
  • Procter & Gamble
  • Netflix
  • Intuitive Surgical
  • Texas Devices

Wednesday, January 24

  • AT&T
  • Tesla
  • IBM
  • servicenow
  • Lam Analysis

Thursday, January 25

  • American Airways
  • Southwest Airways
  • Dow
  • Intel
  • Visa
  • T-Cellular

Friday, January 26

  • American Categorical
  • Colgate-Palmolive

Taking a look at subsequent week’s financial calendar, key occasions and releases embody:

Tuesday:

  • Financial institution of Japan interest-rate resolution

Wednesday:

  • New Zealand CPI quarter on quarter 0.5% anticipated reaches 1.8% final quarter
  • Germany, France, UK flash manufacturing and companies PMI information
  • Financial institution of Canada interest-rate resolution. No change anticipated
  • US flash manufacturing and companies PMI

Thursday

  • ECB price resolution. No change anticipated
  • US superior GDP. 2.0 anticipated. Atlanta Fed GDPNow estimate 2.4%
  • US unemployment claims

Friday

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