Stock market today: Dow pops higher, tech weighs on Nasdaq as Treasury yields keep climbing
Published On Jan 13, 2025, 4:53 PM
On Monday, stocks closed mixed as big tech companies saw losses paired with rising dollar and bond yields. The S&P 500 managed a minor uptick while the Dow benefited from industrial stock gains. A strong jobs report raised concerns about the Federal Reserve maintaining higher interest rates for a longer period. Oil prices surged due to sanctions on Russia, and significant movements were noted in major stocks like Nvidia and Tesla, which both fell due to regulatory concerns and investor sentiment over interest rates. Moderna stocks plummeted following a reduced sales forecast.
Stock Forecasts
NVDA
Negative
Given the current trends in rising bond yields and the potential for prolonged higher interest rates, I predict a negative outlook for tech stocks, particularly those benefiting from high growth expectations. Nvidia's decline amid regulatory updates suggests ongoing pressures in the semiconductor sector.
X
Positive
With rising oil prices, energy stocks like US Steel could benefit from increased demand and possible higher margins as sanctions disrupt supply chains. Potential acquisition bids can provide further upward momentum.
HON
Positive
As oil prices continue to rise, companies like Honeywell may see positive growth due to heightened demand for their industrial products. The market's reaction to potential splits might enhance shareholder value perceptions.
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