Stock market today: Dow revives as Nasdaq, S&P 500 slide amid cratered hopes for 2025 rate cuts
Published On Jan 13, 2025, 9:46 AM
Tech stocks led a decline in US stocks as investors adjusted their expectations for interest rate cuts following a strong jobs report. The S&P 500 fell 0.4% and the Nasdaq dropped about 1% due to decreased optimism and rising bond yields, while the Dow gained 0.5%. The 10-year Treasury yield reached a 14-month high, further compounding market anxiety over persistent inflation. Major tech stocks, including Nvidia, Apple, and Tesla, all experienced losses. Additionally, Moderna's shares plummeted over 22% on a significant sales forecast cut.
Stock Forecasts
NVDA
Negative
With the anticipated inflation report and the news about rising borrowing costs, investors may continue to sell off tech stocks, leading to further declines in shares like Nvidia and Tesla. If inflation does not show signs of cooling, this could signal more trouble for growth stocks in the short term.
UNH
Positive
Positive market reaction is expected for health insurers, particularly UnitedHealth, due to favorable Medicare proposals that may enhance revenue in 2026. This may lead to further increases in share prices for companies in this sector.
MRNA
Negative
Moderna's significant drop in share price is likely to continue as the company's revised revenue outlook could lead to diminished investor confidence. Expect further declines in MRNA as the market processes this negative news.
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