S&P 500 Reaches New Record Closing High As U.S. Stocks Extend Uptrend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 23 2025
0mins
Source: NASDAQ.COM
Stock Market Performance: Stocks rose significantly on Thursday, with the S&P 500 reaching a record closing high, driven by optimism regarding President Trump's pro-business stance and comments about interest rates and oil prices.
Economic Indicators: Initial jobless claims increased slightly, indicating a recovery from previous lows, while biotechnology and networking stocks showed notable gains; however, airline stocks faced challenges due to poor guidance from American Airlines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
