| Name | Daily Close | Daily Change | Daily Change (%) |
|---|---|---|---|
| Dow | 44850.35 | 136.77 | 0.31% |
| S&P 500 | 6067.7 | 55.42 | 0.92% |
| Nasdaq | 19733.59 | 391.75 | 2.03% |
| VIX | 16.41 | -1.49 | -8.32% |
| Gold | 2770.7 | 3.2 | 0.12% |
| Oil | 73.59 | -0.18 | -0.24% |
US MARKET
US equity futures edged lower following a strong Tuesday session, where the S&P 500 gained 0.9% and the Nasdaq 100 advanced 1.6%, driven by Nvidia’s 8.9% rebound after its historic one-day value loss. Investors initially worried about Chinese AI competition from DeepSeek but have shifted focus to Big Tech earnings and the Fed decision.
The Federal Reserve is widely expected to hold rates steady, though traders are betting on a potential March rate cut. A 22V Research survey shows mixed expectations for the market reaction. Meanwhile, 10-year Treasury yields dipped 1 basis point to 4.52%.
Earnings from the Magnificent Seven continue to outpace the broader market but are expected to grow at their slowest pace in nearly two years. Investors are becoming more selective in AI investments, according to Bowersock Capital Partners.
Key upcoming events include the Fed rate decision and earnings from Tesla, Microsoft, and Meta on Wednesday, followed by Apple’s results on Thursday.
Australian Markets Wrap
Australian shares are set to rise, with ASX futures up 22 points (+0.3%) to 8387 as investors take advantage of the previous session’s dip. Market focus is on the December and fourth-quarter CPI data, scheduled for release at 11:30 a.m., which could confirm that inflation is cooling faster than expected. A lower-than-forecast reading may strengthen expectations of a potential RBA rate cut as early as February.
In key market moves, the Australian dollar declined 0.7% to US62.48¢, while the 10-year yield fell to 4.42%. Commodities saw mixed movements, with gold rising 0.8% to $2,763.29 an ounce, Brent crude dipping 0.2% to $76.96 a barrel, and iron ore slipping 0.1% to $103.55 a tonne.