SPX Closes at Record High; Wall Street in Bull Market

Wall Street is officially in the black for the year

Deputy Editor
Jan 19, 2024 at 4:27 PM
facebook X logo linkedin

Wall Street rallied in a big way Friday after investors cycled back into tech stocks despite a higher Treasury yield. The S&P 500 closed at an all-time high, while the Dow added nearly 400 points, and the Nasdaq also gained triple digits. With all three benchmarks turning in their second consecutive weekly win, Wall Street is positive for the year and back in bull market territory that started in October 2022.

Continue reading for more on today's market, including:

  • How America's election season impacts stocks.
  • The Treasury market rocked stocks this week.
  • Plus, TXN's upgrade; Wayfair's layoffs; and the healthcare sector's struggles.



5 Things to Know Today

    1. December home sales fell 6.2% month over month to finish out their worst year since 1995. (CNBC)
    2. BlackRock's (BLK) spot bitcoin exchange-traded fun (ETF) is the first to clinch $1 billion in assets. (Reuters)
    3. Behind Texas Instruments stock's bull note.
    4. Wayfair announced a major round of job cuts.
    5. Why the healthcare sector took a big hit.



    Oil Enjoys Weekly Win Despite Uncertain Demand

    Oil prices were slightly lower Friday as investors tried to balance higher supplies, an uncertain demand outlook, and ongoing tensions in the Middle East. The now front-month March-dated West Texas Intermediate Crude (WTI) contract lost 70 cents, or 1%, to finish at $73.25 a barrel on the day, but gained 1% for the week.

    Gold prices were higher Friday, but still logged a fractional weekly loss as traders continued to weigh comments from the U.S. Federal Reserve. At last look, February-dated gold was up $7.70, or 0.4%, to settle at at $2,029.30 for the session, but fell 0.04% for the week.


    Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

    This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

    On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

    Start targeting gains like the ones our subscribers have seen recently, including:

    213.3% GAIN on AutoNation calls
    100.0% GAIN on Monster Beverage calls
    100.4% GAIN on Walgreens Boots Alliance puts
    100.4% GAIN on ON Semiconductor calls
    257.7% GAIN on Dell calls

    101.0% GAIN on Apollo Global Management calls
    103.6% GAIN on JP Morgan  Chase calls
    105.3% GAIN on DraftKings calls
    101.3% GAIN on Airbnb calls
    203.0% GAIN on Shopify calls
    102.0% GAIN on Cboe Global Markets calls
    100.9% GAIN on Boeing calls
    102.1% GAIN on Microsoft puts
    102.3% GAIN on First Solar calls
    101.5% GAIN on PulteGroup calls
    101.0% GAIN on Apple calls
    209.4% GAIN on NXP Semiconductors calls
    100.8% GAIN on Uber Technologies calls
    100.4% GAIN on Academy Sports and Outdoors puts
    102.2% GAIN on Trade Desk calls
    100.8% GAIN on DoorDash calls
    100.0% GAIN on Camping World Holdings puts
    100.0% GAIN on Cboe Global Markets calls
    100.2% GAIN on C3.ai calls
    238.5% GAIN on Oracle calls



    Rainmaker Ads CGI