Happy Friday, investors, it's January 17th. The Scotus upheld the TikTok ban, which was expected over the weekend unless the freshly sworn-in President Trump changes things on Monday. The market is climbing; Trump and Xi talked about Fentanyl over the phone; Bitcoin is flying to near highs. It looks like the market made it through the first week of earnings on the positive side. Here are Live Stock moves:
CORRECTION: In the video upload, I incorrectly stated that the Dow was falling. It is climbing.
$Intel (INTC.US)$climbed as much as 9% after a news report Friday from Bloomberg and a tech newsletter called SemiAccurate that said a firm out there was trying to buy Intel "whole." Apparently, the firm mentioned without name has the resources to buy a $90B firm outright.
$Schlumberger (SLB.US)$a Houston-based oil drilling company with a funny name rose 7%, just beating out Intel for the place of highest percentage gainer on the S&P 500 Friday. the firm reported earnings that beat estimates, with revenue of $9.28 billion.
$Strategy (MSTR.US)$and other Bitcoin stocks were higher Friday following Bitcoins climb back above 100k, and closer to its high of $108k. Crypto firms were the highest trending industry list on moomoo, up 6% overall. Names like$MARA Holdings (MARA.US)$climbed more than 10%. MSTR was up 6%.
Elsewhere in the economy,$Crude Oil Futures(APR5) (CLmain.US)$stayed at $77, and hit nearly $80 earlier in the week, highs not seen since October. Gold and silver climbed, and longer-term treasuries fell while the 2-year climbed.$Bitcoin (BTC.CC)$broke through $104k briefly.
Overall, the market climbed to end what felt like a negative week with a high note.
According to the U.S. Census Bureau, builders broke ground on 1.49 million houses in December, up 15%, the most since last March.
Yesterday, users could not belive it when I said Philly was doing well. It was like I was speaking another language.
Traders, what do you think? What are you watching on the stock market today? What is the herd following? Let me know in the comments below!$S&P 500 (LIST91326.US)$
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