{"id":55598,"date":"2025-01-04T03:13:36","date_gmt":"2025-01-04T03:13:36","guid":{"rendered":"https:\/\/innodebt.com\/?p=55598"},"modified":"2025-01-04T03:13:37","modified_gmt":"2025-01-04T03:13:37","slug":"us-stocks-rally-to-shake-off-new-year-jitters-amid-light-trading","status":"publish","type":"post","link":"https:\/\/innodebt.com\/?p=55598","title":{"rendered":"US stocks rally to shake off new year jitters amid light trading"},"content":{"rendered":"<div>\n<p>Stay informed with free updates<\/p>\n<p class=\"article__content-sign-up-topic-description\"><span>Simply sign up to the <!-- -->US equities<!-- --> myFT Digest &#8212; delivered directly to your inbox.<\/span><\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=aef0c524-01c1-44b0-acbd-affb531ce12b&amp;concept-id=971c884d-f8fa-45c8-af59-bee0d7f28284\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>Stocks on Wall Street rallied on Friday to close out the first week of 2025 on an upbeat note amid fresh signs of manufacturing stability, bringing a halt to several days of losses.<\/p>\n<p>The S&amp;P 500 closed the day 1.3 per cent higher, posting its biggest rise since November 6 \u2014 the day after Donald Trump\u2019s US election victory. The benchmark index\u2019s gains on Friday also brought an end to five consecutive days of losses \u2014 the longest such streak since April.<\/p>\n<p>The technology-heavy Nasdaq Composite added 1.8 per cent, helped by a rise of more than 8 per cent for electric-vehicle maker Tesla, whose shares had slipped a day earlier after announcing its first decline in annual vehicle deliveries in more than a decade. Semiconductor giant Nvidia advanced more than 4 per cent.<\/p>\n<p>The gains came at the end of a week shortened by New Year\u2019s Day, which can bring thinner trading volumes. Analysts noted some investors were simply preparing for the \u201creal\u201d start to 2025 on Monday.<\/p>\n<p>But the day\u2019s share price moves also came as a fresh reading on US manufacturing activity topped consensus forecasts, bolstering investor sentiment, and as Trump ally Mike Johnson was re-elected as Speaker of the US House of Representatives.<\/p>\n<p>\u201cIt\u2019s really a combination \u2014 I\u2019ll call it a potpourri of different factors,\u201d said Kristina Hooper, chief global markets strategist at Invesco. \u201cFirst of all, we have seen some selling \u2014 and so at a certain point, I think investors recognise that there are buying opportunities created when you have multiple days of sell-offs.\u201d<\/p>\n<p>At the same time, Hooper added: \u201cWe got some good news today in terms of manufacturing [figures] and I think that certainly set a positive tone. We had a relatively smooth election in the House that also helped contribute to more positive sentiment.\u201d<\/p>\n<p>The ISM manufacturing purchasing managers\u2019 index reading on Friday landed at 49.3 for December \u2014 below the threshold of 50 that marks expansion, but above economists\u2019 forecasts and higher than a reading of 48.4 for November.<\/p>\n<p>\u201cThe S&amp;P 500 saw a broad rally as [investors] took comfort from the orderly re-election of the US House Speaker, as that helps reduce political uncertainty,\u201d said Dec Mullarkey, managing director at SLC Management.<\/p>\n<p>Referring to the group of Big Tech names that have come to dominate the US stock market, he added \u201cthe Magnificent Seven, in particular, remain resilient even as valuations run high. Investors are still confident that the large outlays for [artificial intelligence] investment will pay dividends and secure a first-mover advantage.\u201d<\/p>\n<p>Even after Friday\u2019s sharp rise, the S&amp;P and Nasdaq still posted small weekly losses.<\/p>\n<p>Invesco\u2019s Hooper believed that \u201cthe overall environment is supportive of risk assets\u201d, meaning \u201cwe\u2019re likely to have more positive days than negative days\u201d as the new year progresses. However, \u201cthere could very well be more volatility\u201d, she said.<\/p>\n<p>\u201cLet\u2019s face it: there\u2019s more uncertainty, and as we get closer and closer to January 20 [the day of Trump\u2019s inauguration] I think there will be more question marks around what\u2019s likely to come from the new administration.\u201d<\/p>\n<p><em>Additional reporting by Will Schmitt<\/em><\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.ft.com\/content\/aef0c524-01c1-44b0-acbd-affb531ce12b\" target=\"_blank\" rel=\"noopener\" rel=\"nofollow\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stay informed with free updates Simply sign up to the US equities myFT Digest &#8212; delivered directly to your inbox. Stocks on Wall Street rallied on Friday to close out the first week of 2025 on an upbeat note amid fresh signs of manufacturing stability, bringing a halt to several days of losses. The S&amp;P [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":55599,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-55598","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US stocks rally to shake off new year jitters amid light trading | Innodebt<\/title>\n<meta name=\"description\" content=\"Stay informed with free updatesSimply sign up to the US equities myFT Digest -- delivered directly to your inbox.Stocks on Wall Street rallied on Friday\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/innodebt.com\/?p=55598\" 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