The stock market rally showed signs of a strong rebound Friday, with bitcoin surging after massive losses. The Dow Jones hit a record high above 50,000 as many sectors thrive. However, the Nasdaq remains below the key level, down solidly for the week.
Several major stocks flashed buy signals, including Boeing, JPMorgan Chase, and Apple. AI infrastructure plays like GE Vernova, Ciena, and Nvidia also saw significant gains. Google-parent Alphabet and Amazon.com are forecasting increased capital spending this year, which could benefit AI firms.
Despite the positive news, the market remains divided. The delayed January jobs report is due Wednesday morning, and earnings season continues to be active. Investors should monitor their watchlists closely as the market navigates this period of uncertainty.
Key stock performance:
– Boeing: 4% gain, back above a buy point
– Apple: 7.2% gain, running above the 50-day line
– GE Vernova: 7.3% gain, above a flat-base buy point
– Ciena: 7.75% gain, with nearly all gains coming from Friday
– Nvidia: 7.9% gain on Friday, reclaiming the 50-day line
Source: https://www.investors.com/market-trend/stock-market-today/dow-jones-50000-apple-boeing-jpmorgan-ai-stocks