The Dow and S&P 500 logged their fifth win in six sessions
Both the S&P 500 and Dow logged their fifth win in six sessions this afternoon, as Wall Street continued to digest U.S. President Donald Trump's first executive actions in office, including potential tariffs, which look to be softer than anticipated. The tech-heavy Nasdaq saw healthy gains as well, while the stock market's "fear gauge," or Cboe Volatility Index (VIX), locked in a third consecutive day in the red.
Continue reading for more on today's market, including:
- Trump takeover pushes off crypto buzz.
- Bird flu funding boosts pharma giant.
- Plus, blue chip enjoys post-earnings pop; GM lands analyst praise; and software stock for bulls.
5 Things to Know Today
- The threat of an immigration raid has made foot traffic in certain Chicago areas drop 50%, as Trump's first week back in office commences. (Bloomberg)
- Assets and regulations around crypto will be getting a closer look, with the Securities and Exchange Commission (SEC) launching a "crypto task force." (CNBC)
- Post-earnings pop for blue-chip stock.
- Automaker enjoys analyst praise.
- Software stock looks set to surge.
Gold Jumps to 2-Month Highs
Oil prices pulled back as Trump tariffs and supply uncertainty took precedent. February-dated West Texas Intermediate (WTI) crude fell $1.53, or 2%, to settle at $76.35 per barrel.
A weakening dollar pushed gold prices to two-month highs in today's session. Gold for February delivery rose 0.3% to settle at $2,757.60 an ounce.