We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Markets Closed for MLK Day; Trump II Inauguration Today
Read MoreHide Full Article
Monday, January 20, 2025
Stock markets are closed today, in observance of the birthday of Civil Rights leader Dr Martin Luther King, Jr. We here at Zacks, however, are using this opportunity to take stock on where we are at this early moment in the new trading year. Shares are up in all major indexes — the Dow Jones, S&P 500, Nasdaq and small-cap Russell 2000 — by at least +2%, year to date.
This is also Inauguration Day for President-elect Donald Trump, who becomes only the second U.S. president after Grover Cleveland in 1892 to be elected to two non-consecutive terms. Since the election on November 5th of last year, these same indexes have risen +4.74% on the Dow, +5.60% on the S&P 500, +8.04% on the Nasdaq and +3.20% on the Russell 2000.
Overall, the previous election cycle was very good for stocks. The Dow gained +44.76%, the S&P +68.35%, the Nasdaq +95.90% and the Russell +9.83%. Clearly the AI boom had lots to do with this. Early on in the Joe Biden presidency, bringing an end to the Covid pandemic with mass vaccinations led to a surge in the economy we refer to as the Great Reopening. However, it also led the way to supply-chain bottlenecks that saw prices of goods and services skyrocket until the Fed began raising interest rates in March of 2022.
Markets are looking at the potential next four years with plenty of optimism: deregulation of corporate activity is expected to spur earnings. Sanctioning cryptocurrencies has already given rise to Bitcoin and its trading platforms such as Coinbase (COIN - Free Report) , which is up +59% since Election Day. And global developments like a cease-fire between Israel and Hamas helps Trump re-enter the White House with a cooling of tensions in the region.
That said, there are also plenty of concerns to go along with Trump proposals for his new term. These include massive immigration deportment efforts, issues regarding national healthcare initiatives (especially regarding vaccinations) and a potential fight with deficit hawks within the Republican party about whether or not to once again slash the corporate tax rate.
This week, we’ll see Netflix (NFLX - Free Report) , Johnson & Johnson (JNJ - Free Report) and American Express (AXP - Free Report) report Q4 earnings, among others. Earnings season enters its busiest time period over the next few weeks; so far, signs are good that the quarter was a healthy one — at least as far as the big Wall Street banks like JPMorgan (JPM - Free Report) and Citigroup (C - Free Report) are concerned.
Image: Bigstock
Markets Closed for MLK Day; Trump II Inauguration Today
Monday, January 20, 2025
Stock markets are closed today, in observance of the birthday of Civil Rights leader Dr Martin Luther King, Jr. We here at Zacks, however, are using this opportunity to take stock on where we are at this early moment in the new trading year. Shares are up in all major indexes — the Dow Jones, S&P 500, Nasdaq and small-cap Russell 2000 — by at least +2%, year to date.
This is also Inauguration Day for President-elect Donald Trump, who becomes only the second U.S. president after Grover Cleveland in 1892 to be elected to two non-consecutive terms. Since the election on November 5th of last year, these same indexes have risen +4.74% on the Dow, +5.60% on the S&P 500, +8.04% on the Nasdaq and +3.20% on the Russell 2000.
Overall, the previous election cycle was very good for stocks. The Dow gained +44.76%, the S&P +68.35%, the Nasdaq +95.90% and the Russell +9.83%. Clearly the AI boom had lots to do with this. Early on in the Joe Biden presidency, bringing an end to the Covid pandemic with mass vaccinations led to a surge in the economy we refer to as the Great Reopening. However, it also led the way to supply-chain bottlenecks that saw prices of goods and services skyrocket until the Fed began raising interest rates in March of 2022.
Markets are looking at the potential next four years with plenty of optimism: deregulation of corporate activity is expected to spur earnings. Sanctioning cryptocurrencies has already given rise to Bitcoin and its trading platforms such as Coinbase (COIN - Free Report) , which is up +59% since Election Day. And global developments like a cease-fire between Israel and Hamas helps Trump re-enter the White House with a cooling of tensions in the region.
That said, there are also plenty of concerns to go along with Trump proposals for his new term. These include massive immigration deportment efforts, issues regarding national healthcare initiatives (especially regarding vaccinations) and a potential fight with deficit hawks within the Republican party about whether or not to once again slash the corporate tax rate.
This week, we’ll see Netflix (NFLX - Free Report) , Johnson & Johnson (JNJ - Free Report) and American Express (AXP - Free Report) report Q4 earnings, among others. Earnings season enters its busiest time period over the next few weeks; so far, signs are good that the quarter was a healthy one — at least as far as the big Wall Street banks like JPMorgan (JPM - Free Report) and Citigroup (C - Free Report) are concerned.
Check out the updated Zacks Earnings Calendar here.
Questions or comments about this article and/or author? Click here>>