US EQUITY OPEN: Equities extend after the open as Trump's inauguration awaits

Analysis details (14:52)

OPEN: US indices (SPX +0.9%, NDX +1.4%, RUT+0.9%, DJIA +0.8%) opened in firmer territory with outperformance in the tech-heavy Nasdaq 100, with initial upside not driven by one singular headline. Futures have been buoyed throughout the EZ morning as yields narrowed across the curve, alongside general sentiment, and a rebound in AAPL after it was hit yesterday, with strength also seen in mega-cap names such as NVDA. In more recent trade, a bout of upside was seen on the remarks from Trump on his call with China's Xi. As mentioned, the calendar today has been thin, and is light ahead, as participants await Trump’s inauguration on Monday. Note, it is MLK Day. Sectors are exclusively in the green with mega caps (Tech, Consumer Discretionary, Communications) sitting atop of the pile after being the only ones to close in the red on Thursday. Elsewhere the Dollar is firmer with all G10 FX peers in the red with the JPY lagging. WTI and Brent are essentially flat and on USD 78/bbl and 81/bbl handles, respectively. Treasuries are mixed and curve flattening. Precious metals are lower are weighed on by the Dollar strength as spot silver underperforms its peer.

EARNINGS

STOCK SPECIFICS

BROKER MOVES

17 Jan 2025 - 14:52- EquitiesResearch Sheet- Source: Newsquawk

EquitiesDXYUnited StatesForexS&P 500 IndexJapanUnited KingdomUSDCommoditiesOilEnergyEuropeCRMNASDAQ 100 IndexMetalsBanks (Group)BanksRegional BanksJPYCRM.USWDC.USJBHT.USSTT.USFAST.USSLB.USINTC.USEURGBPINTCDow Jones Industrial AverageAAPLBrentSilverTFCCFGSLBFastenal CoFASTState Street CorpSTTJBHTQRVOGeneral Motors CoGMWestern Digital CorpWDCIntel CorpCowen Group IncITQRVO.USTechnology Hardware, Storage & Peripherals (Group)Technology Hardware & EquipmentTechnology Hardware, Storage & PeripheralsApple IncMetals & MiningMaterials (Group)Truist Financial CorpCitizens Financial Group IncSchlumberger NVOil & Gas Equipment & ServicesResearch SheetUS SessionEU SessionResearch SheetHighlightedUS SessionEU SessionHighlightedAsiaGeopoliticalChinaData

Subscribe Now to Newsquawk

Click here for a 1 week free trial

Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include: