US Stocks Close Higher, Intel Soars 9.21%, JD.com Jumps 10.11%
Market Watcher01-18
On January 17, 2025, the US stock market closed higher. The Dow Jones Industrial Average rose by 0.78%, the NASDAQ Composite increased by 1.51%, and the S&P 500 gained 1.00%.
In terms of industry performance, the popular Chinese stocks sector saw significant gains, with JD.com surging 10.11%, PDD Holdings Inc rising 5.30%, and NIO Inc. up 4.81%. The Bitcoin concept stocks also performed well, with MicroStrategy jumping 8.04%, MARA Holdings climbing 8.80%, and Coinbase Global Inc. advancing 4.92%. The semiconductor sector saw notable gains, with Intel soaring 9.21%, Broadcom up 3.50%, and Micron Technology increasing 3.07%.
Apple rose by 0.75%. The stock rallied sharply on Friday with the S&P 500 on pace for its best week since early November. The stock had dropped 4% the previous day due to a decrease in market share in China. According to research firm Canalys, Apple fell to third place in terms of market share in China as domestic manufacturers took advantage of Apple's lack of artificial-intelligence features available on phones purchased in the country. However, analysts are optimistic about Apple's upcoming earnings report, expecting strong performance in services and improved iPhone sales.
NVIDIA gained 3.12%. In this week's Roundtable installment, five investment professionals shared their top investment picks and insights. One of the picks mentioned was Coupang, a Korean logistics company with a wide reach. The CEO, Bom Kim, has impressed with his leadership and the company's growth.
Microsoft increased by 1.02%. Cantor Fitzgerald has initiated coverage on Microsoft with an overweight rating, indicating that they believe Microsoft's stock will outperform the market.
Alphabet rose by 1.62%. The news articles discussed various aspects of stock price fluctuations and investment analysis, including the surge in Google's revenue in Q4 and the call for the breakup of Google's ad-tech business by former European leaders.
Amazon.com climbed 2.39%. Wall Street analysts have made significant calls on various companies, including Amazon. The White House has stated that TikTok should remain available to Americans and that the implementation of TikTok law should be handled by the next administration.
Tesla Motors advanced 3.06%. The US stock market opened higher, with Chinese stocks collectively rising and Tesla's market value increasing significantly.
Intel surged 9.21%. The stock saw a significant increase after technology news website SemiAccurate reported that a mysterious company was attempting to acquire Intel. The report did not disclose the name of the potential acquirer, but the news led to a sharp rise in Intel's stock price.
JD.com jumped 10.11%. The US stock market opened higher, with Chinese stocks collectively rising and Tesla's market value increasing significantly.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.