| Name | Daily Close | Daily Change | Daily Change (%) |
|---|---|---|---|
| Dow | 43487.83 | 334.70 | 0.78% |
| S&P 500 | 5996.66 | 59.32 | 1.00% |
| Nasdaq | 19630.20 | 291.91 | 1.51% |
| VIX | 15.97 | -0.63 | -3.80% |
| Gold | 27400.00 | -8.70 | -0.32% |
| Oil | 78.04 | 0.16 | 0.21% |
US MARKET
Wall Street ended the week with a strong rally ahead of Donald Trump’s inauguration, with the S&P 500 up 1 percent, driven by consumer discretionary stocks and a 3.1 percent surge in Nvidia. Bitcoin also jumped over 5 percent to $106,020. Markets anticipate potential policy surprises as Trump takes office on Tuesday, while U.S. equities remain closed Monday for Martin Luther King Jr. Day.
Asian equities are poised for gains on Monday, tracking Wall Street’s upbeat performance and bolstered by a positive call between Donald Trump and Chinese President Xi Jinping ahead of the U.S. President-elect’s inauguration.
The Trump-Xi dialogue touched on trade, TikTok, and fentanyl, signaling a possible improvement in U.S.-China relations. TikTok resumed U.S. service on Sunday after Trump delayed enforcement of a law requiring its Chinese owner to divest. However, concerns linger about Trump’s second-term priorities, including higher tariffs and trade wars, as well as immigration policies and strained relations with traditional allies.
The Australian share market is set to open higher on Monday, tracking Wall Street’s late-week rally as futures indicate the S&P/ASX 200 index will climb 0.3%, or 28 points, to 8317. The S&P 500 rose 1% on Friday, led by consumer discretionary stocks and a 3.1% surge in Nvidia, while Bitcoin gained over 5% to $106,020.
Optimism about Donald Trump’s pro-business policies has driven a 2% rally in the ASX since his election, though local investors remain cautious about the potential impact of U.S. tariff measures on China and the Australian dollar. The currency edged slightly higher to $0.6198 but remains near a four-year low, weighed down by concerns over Chinese growth.
Corporate developments include Iress’ sale of its superannuation business to Apex Group for $40 million, marking a strategic shift. CC Capital has advanced in its bid for Insignia Financial, conducting due diligence in the $3 billion contest. IGO flagged a net loss from its Western Australian lithium processing plant amid delays in lithium hydroxide sales, while Djerriwarrh Investments reported a 4.4% portfolio return, underperforming its benchmark. Meanwhile, AVJennings granted Singapore’s Ho Bee Land access to due diligence after a higher bid in its acquisition battle.