Stocks on Wall Street are showing a strong bounce back with gains continuing to climb. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite have all seen solid weekly progress, with the indices nearing their highest levels since early December. Strong earnings reports from companies like Netflix and optimism surrounding President Trump’s economic policies have contributed to the rally.
Experts suggest that markets remain in a positive technical environment, with key indicators pointing toward continued gains. Goldman Sachs’ Scott Rubner notes that the market has cleared recent technical headwinds, signaling a favorable January effect. This positive outlook is further supported by increased cash inflows into financial instruments like bonds and commodities.
Ned Davis Research highlights a bullish risk-on/risk-off ratio, suggesting favorable conditions for investors. However, risks such as potential U.S. tariffs remain on the table, though strategists believe Trump’s trade policy will continue to support growth.
On Friday, Twilio received an upgrade to “market outperform” status, with analysts citing strong profitability and cash flow as drivers behind the potential for significant upside. The positive sentiment is tempered by cautious optimism about near-term market conditions.
Source: https://www.cnbc.com/2025/01/24/wall-street-on-the-verge-of-a-big-weekly-gain-whats-next-from-here.html