"With President Trump easing off the EU, the markets are taking their cue, rising for the second straight day. All three of the major stock market averages are higher out of the gate, including a 1% spike in the tech-laden Nasdaq Composite while the Dow Jones Industrial Average is racing ahead with a 400-point gain. As President Trump departs Davos, Switzerland for the White House, he has eased fears by easing off European tariffs and pursuing diplomacy amid his Greenland conquest."
"On the economic front, fewer Americans filed for unemployment last week than expected, with approximately 200,000 filings compared with estimates calling for 209,000 filings, signaling further labor market tailwinds. Here's a look at where things stand as of morning trading: Dow Jones Industrial Average: 49,461.15 Up 383.92 (+0.78%) Nasdaq Composite: 23,455.79 Up 226.96 (+0.98%) S&P 500: 6,925.06 Up 48.44 (+0.72%)"
Markets rose for a second straight day after President Trump eased pressure on the EU, with all three major averages opening higher. The Nasdaq jumped about 1% while the Dow surged roughly 400 points. Fewer Americans filed for unemployment last week—about 200,000 claims versus an estimated 209,000—indicating labor-market strength. Morning levels showed the Dow at 49,461.15, the Nasdaq at 23,455.79, and the S&P 500 at 6,925.06. Raymond James upgraded Alphabet to a strong buy and raised its price target to $400 citing AI upside. Semiconductor names pulled back modestly, and Moderna rose 2.9% on cancer vaccine progress.
Read at 24/7 Wall St.
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