NASDAQ Leads Market Rally as Housing, Tech Stocks Drive Gains

Major Indices Rebound 

U.S. Markets rallied today, buoyed by a tech stock revival and renewed hopes for interest rate cuts, following upbeat earnings reports and economic data. The Dow Jones Industrial Average (DJIA) rose 0.89% to close at 43,538.38, while the S&P 500 gained 1.03%, ending at 5,998.24. The NASDAQ Composite led the charge with a 1.48% jump to 19,623.69, driven by strong recoveries in tech giants Nvidia and Tesla.

Tech Stocks Lead the Charge Technology stocks were the day’s standout performers, reflecting investor confidence in the sector’s resilience. Nvidia (NVDA) climbed 2.84%, while Tesla (TSLA) surged 3.53%. Apple (AAPL) also rebounded, gaining 1.30% after a recent slump.

Economic Data Boosts Sentiment Positive economic data added fuel to the rally:

• Housing Starts surged 15.8% in December, far exceeding forecasts, signaling resilience in the housing market despite elevated mortgage rates.
• Industrial Production jumped 0.6%, underscoring steady growth in U.S. manufacturing.

Treasuries and Commodities The 10-year Treasury yield eased to 4.6%, reflecting tempered inflation concerns. Commodities, however, faced pressure:

• Gold slipped 0.11% to $2,748 per ounce.
• WTI Crude Oil fell 0.72% to $78.11 per barrel amid demand uncertainty.

Crypto Momentum Cryptocurrencies extended their rally, with Bitcoin crossing the $100,000 mark, gaining 3.94% to reach $103,979, while Ethereum rose 3.28%.

Market Outlook As markets head into the weekend, optimism prevails. Investors are closely watching next week’s inauguration of Donald Trump’s second presidential term, with potential policy shifts on tariffs and taxes in focus.

Our Take Today’s rally underscores renewed confidence in U.S. economic strength and corporate performance. While risks remain, the market’s upward momentum highlights resilience and opportunities in tech and high-growth sectors.