Key Takeaways The S&P 500 jumped 1.8% on Wednesday, Jan. 15, as several financial firms reported solid results and a downtick in core inflation revived rate-cut hopes.Tesla stock surged after reports of strong demand in China for its updated Model Y and upbeat analyst commentary on its AI and robotaxi initiatives.
Easing inflation boosts US stock markets. Tesla jumps 5%, Goldman Sachs rises 4.9%. S&P 500 hits one-week high as Fed rate cut speculation grows.
Cooling inflation sparks a risk-on rally as stocks surge, gold eyes a breakout, and Treasury yields fall. Tesla and Nvidia gain on dovish Fed hopes.
The S&P 500 snapped its winning streak on Thursday. UnitedHealth’s disappointing results and a rotation away from Big Tech dragged on the major indexes. The market benchmark dipped 0.2%, its first daily decline since Friday.
Tesla and Nvidia led gains in megacaps, while Intel jumped 7.66 per cent following reports that the chipmaker is an acquisition target