S&P 500 Poised to End Losing Streak Amid Tech Stock Surge
January 4, 2025 - 01:50
The S&P 500 is on track to break its five-day losing streak, with major indexes experiencing an uptick in trading. This positive momentum is largely attributed to the performance of prominent technology stocks, including Nvidia and Tesla, which have shown significant gains.
In contrast, US Steel has faced a sharp decline following President Biden's announcement to block Nippon Steel's acquisition of the company, raising concerns about the future of the steel giant.
In addition to these developments, other notable stocks making headlines include Rivian Automotive, Adobe, and Oklo, as investors keep a close watch on market trends.
Throughout the day, key industry figures will be sharing insights, including Ahmed Riesgo, Chief Investment Officer at Insigneo, and Brian Gardner, Chief Washington Policy Strategist at Stifel. Additionally, David Miller, Co-Founder and Chief Investment Officer of Catalyst Funds, and Rachel Tipograph, founder and CEO of MikMak, will also provide their perspectives on the evolving market landscape.
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