Horizon Wealth Management

2025/01/07

Stocks fall, US yields rise after strong US data

Wall Street stocks finish lower European stocks rise for second-straight session Benchmark 10-year Treasury yields hit eight-month high US dollar index rises Oil prices settle higher

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2025/01/07

Gold pares gains as dollar rebounds following US jobs data

Dollar was up 0.3% Job openings rose 259,000 to 8.098 million by last day of Nov. US non-farm payrolls report due on Friday

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2025/01/07

Aurora shares jump after deal with Nvidia, Continental to deploy self-driving trucks

Jan 7 (Reuters) - Aurora Innovation's (AUR.O),shares rose 35% on Tuesday after the self-driving technology developer announced a long-term deal with Nvidia and Germany's Continental to deploy driverless trucks. Uber (UBER.N), -backed Aurora's stock has nearly doubled in the past 12 months, as investors bet that the market for autonomous driving technology used in trucks will grow rapidly in the coming years. Pittsburgh, Pennsylvania-based Aurora is set to add about $4 billion to its market value if gains hold. As of last close, the company had a market valuation of $11.17 billion.

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2025/01/06

CES Nvidia CEO set to take stage at CES just after shares hit record high

Jan 6 (Reuters) - Nvidia (NVDA.O), opens new tab Chief Executive Jensen Huang is set to deliver the opening keynote speech at CES later on Monday and will likely unveil new videogame chips and detail efforts to parlay the company's success in artificial intelligence into other markets outside of the data center. Huang typically uses CES as a platform to announce new videogame chips and unveil a flurry of new plans to expand its AI business.

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2025/01/06

Stocks rise, dollar drops after Trump denies tariff policy pullback

S&P 500 and Nasdaq finish higher European stocks and currencies rally U.S. dollar index falls Crude prices settles lower

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2025/01/06

U.S. Steel, Nippon sue Biden administration over decision to block merger

Biden blocked proposed deal on national security grounds Lawsuit alleges Biden influenced national security review for political reasons Separate lawsuit filed against USW president, rival Cleveland-Cliffs and its CEO

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2025/01/05

Wall St Week Ahead US jobs report poses first big stocks test of 2025

Investors seek stable economy to support 2025 equity gains Labor market data crucial for Fed's interest rate plans December jobs report expected to show 150,000 job growth

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2025/01/03

Fannie Mae, Freddie Mac shares surge after federal agencies reveal privatization path

Treasury, FHFA set framework for orderly release Agencies will seek to consult with the President Ackman anticipates potential listing in 2026

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2025/01/03

Wall St rises on tech boost, policy changes in focus

U.S. Steel drops after Biden halts Nippon Steel's takeover plan Liquor stocks fall after US surgeon general's warning Manufacturing PMI rises to nine-month high in Dec Indexes up: Dow 0.43%, S&P 500 0.81%, Nasdaq 1.24%

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2025/01/02

Wall Street ends lower on first trading session of 2025; Tesla weighs

Weekly jobless claims at 211,000, below estimates Tesla slides after deliveries data Crypto stocks rise along with Bitcoin Energy follows oil higher on China optimism Indexes down: Dow 0.36%, S&P 0.22%, Nasdaq 0.16%

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2025/01/02

Nvidia's market value gets $2 trillion boost in 2024 on AI rally

Jan 2 (Reuters) - Nvidia (NVDA.O), opens new tab emerged as the biggest global gainer in market capitalization for 2024, driven by surging interest in artificial intelligence and the robust demand for its AI-centric chips across various industries. The chipmaker's market value increased by over $2 trillion last year, reaching $3.28 trillion at the close of 2024, making it the second-most valuable listed company in the world. Its market value was $1.2 trillion at the end of 2023.

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2024/01/31

Wall Street ends lower, capping a banner year

U.S. stock indexes post annual, quarterly gains S&P 500 posts biggest two-year gain since 1997-98 Indexes off: Dow 0.07%, S&P 500 0.43%, Nasdaq 0.90%

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2024/12/30

Wall Street ends sharply lower on penultimate trading day of a strong 2024

Crypto stocks drop Boeing dips as South Korea begins crash investigation U.S. stock markets closed on Jan 9 (Thursday) Indexes down: Dow 0.97%, S&P 500 1.07%, Nasdaq 1.19%

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2024/12/30

Jeju Air shares plummet to record low after deadly plane crash

SEOUL, Dec 30 (Reuters) - Shares of South Korean budget carrier Jeju Air (089590.KS), opens new tab hit their lowest on record on Monday, after the deadliest air crash in the country killed 179 people. Jeju Air shares traded down 8.5% as of 0312 GMT, after falling as much as 15.7% earlier in the session to 6,920 won, the lowest since they were listed in 2015. The share slide on Monday wiped out as much as 95.7 billion won ($65.2 million) in market capitalisation.

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2024/12/29

Wall St Week Ahead Trump's first actions and job data to test market in January

NEW YORK, Dec 27 (Reuters) - After closing the books on a banner year for U.S. stocks, investors expect to ride seasonal momentum into mid-January when a slew of economic data and a transition of power in Washington could send markets moving. The S&P 500 (.SPX), opens new tab rose roughly 25% in 2024 through Dec. 27, while the technology-heavy Nasdaq Composite index <.IXIC >, which surpassed 20,000 for the first time in December, is up over 31%.

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2024/12/27

Stocks hit, dollar slips in illiquid year-end profit taking

Wall Street indexes skid on year end profit taking, tax harvesting U.S. dollar set for 7% annual gain, yen faces fourth year of losses Thin markets exacerbate moves before another abbreviated week

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2024/12/26

Dow ends up to extend win run to five; rising yields pressure megacap stocks

Weekly jobless claims at 219,000, below estimates Crypto stocks fall tracking losses in bitcoin Yield on U.S. 10-year Treasuries hits highest since May Indexes: Dow up 0.07%, S&P 500 down 0.04%, Nasdaq off 0.05%

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2024/12/24

Wall Street ends higher as Santa rally begins

Markets close at 1 p.m. ET in holiday-shortened session Dow, Nasdaq take win streaks to four; S&P up for third straight Crypto-related stocks climb as bitcoin gains Benchmarks higher on first day of Santa Claus rally Indexes up: Dow 0.91%, S&P 500 1.1%, Nasdaq 1.35%

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2024/12/24

Global shares and dollar firm in muted pre-Christmas trade

Stocks rise in holiday trading conditions Dollar, US yields steady near milestone highs Chinese authorities pledge more support for economy Fed outlook remains top of investors' minds

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2024/12/23

How investments may fare during Trump 2.0 and Fed easing

Investors expect US economic exceptionalism to persist in 2025 Fed's rate cut pace crucial for stock momentum Strong dollar could challenge US multinationals and global inflation efforts

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