Trump Media Jumps 34%, Tech Stocks Surge as Inflation Falls: Market Movers for Thursday
Market Reaction to Inflation Data: Wall Street indices surged following a cooler-than-expected inflation report, with the Consumer Price Index rising 2.7% year-over-year, leading to increased optimism for potential rate cuts.
Micron Technology's Strong Performance: Micron Technology Inc. saw a 13% increase in stock price after exceeding earnings estimates and providing a positive outlook, boosting confidence in the semiconductor sector.
Trump Media & Technology Group Surge: Trump Media & Technology Group Corp. experienced a 34% jump in stock value after announcing a $6 billion merger with TAE Technologies, reigniting interest in AI-related energy demands.
Cryptocurrency Market Stagnation: Despite the overall positive market sentiment, Bitcoin and Ethereum saw only modest gains, indicating a lack of significant momentum in the cryptocurrency sector.
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CITI PREDICTS FIRST RATE CUT OF THE YEAR IN MAY INSTEAD OF MARCH DUE TO JOBS DATA
Economic Forecast: CITI expects to deliver the first rate cut of the year in May, indicating a shift in monetary policy.
Job Market Insights: This forecast follows recent jobs data, suggesting changes in employment trends that may influence economic decisions.
US Payrolls Increased by 130,000 in January, Surpassing Wall Street Predictions; Unemployment Rate Stands at 4.3%
Job Additions and Unemployment Rate: Analysts expected an addition of 55,000 payrolls in January, with nonfarm payrolls rising higher than anticipated by 130,000, while the unemployment rate fell to 4.3%, below the expected 4.4%.
Federal Employment Decline: Federal government jobs declined by 34,000, contrasting with growth in health care, social assistance, and construction sectors, which added 82,000, 42,000, and 33,000 jobs respectively.
Interest Rate Commentary: President Donald Trump stated that the U.S. should be paying the lowest interest rates on its borrowings, emphasizing the country's strong economic position and potential savings of at least one trillion dollars per year.
Revisions in Job Reports: The Bureau of Labor Statistics released final benchmark revisions showing a downward adjustment of 898,000 in total jobs, with significant downward revisions in average monthly payroll additions for 2025 compared to previous reports.
WDC, SNDK, and STX Stocks Drive Down Memory Chip Prices Amid Rising Costs: Is the AI Surge Losing Momentum?
Memory Chip Market Trends: Over the past year, memory chip stocks have seen unprecedented gains due to supply shortages, leading to higher prices, although recent declines have been noted among major companies like SanDisk and Western Digital.
Stock Performance: Major memory chip producers have experienced significant stock declines recently, with shares of Western Digital dropping 8.2% and Seagate 6.8%, indicating a bearish sentiment in the market.
Continued Price Surge: Despite recent stock declines, memory chip prices are expected to continue surging due to ongoing high demand, particularly driven by the expansion of AI data centers.
Industry Outlook: Analysts predict that supply shortages will persist beyond one or two quarters, affecting various sectors including phones, PCs, and automotive, as companies face pressure on pricing and earnings.
Futures for Dow, S&P 500, and Nasdaq Increase Following Mixed Trading Day: Reasons Behind After-Hours Trends for ASTS, HOOD, MAT, LYFT, and F Stocks
Market Trends: Gains in the stock market are spreading beyond the "Magnificent Seven" tech stocks, with broader indices remaining stable despite concerns over AI valuations and a focus on upcoming U.S. job reports and wage data.
Investor Sentiment: Analysts note a shift in investor focus towards a broader market rally, with Nasdaq and S&P 500 futures showing slight increases, while retail sentiment remains bearish amid high trading volumes.
Stock Performance: Several companies, including Alphabet and Lyft, reported disappointing earnings, leading to significant drops in their stock prices, while Ford's shares rose slightly after a positive profit forecast.
Global Market Overview: Asian Pacific stocks, excluding Japan, saw gains, with gold prices slightly down and oil prices stable as traders monitored geopolitical risks, particularly U.S.-Iran talks.
Fed's Hammack Indicates Key Interest Rates May Stay Steady for a Prolonged Time: Report
Interest Rates Outlook: Federal Reserve Bank of Cleveland President Beth Hammack indicated that U.S. interest rates could remain on hold for an extended period, expressing optimism about the economic outlook while acknowledging persistent inflation concerns.
Economic Conditions: Hammack described the current economic environment as a "low-hire, low-fire" period, suggesting stability in employment and consumer spending, despite recent declines in retail sales.
Inflation Expectations: Recent surveys show that U.S. citizens expect inflation to decrease in the near term, with one-year inflation expectations at 3.1%, down from 3.4% in December.
Market Reactions: U.S. equity markets showed mixed results, with the S&P 500 ETF remaining relatively flat, while other ETFs experienced slight gains or losses, reflecting cautious investor sentiment ahead of upcoming economic data releases.
US Stock Turnover Exceeds $1 Trillion Daily Thanks to Market Rally, According to Bloomberg Intelligence
Retail Participation Growth: Retail participation in U.S. equities has surged to nearly 20% of average daily trading activity, significantly increasing from pre-COVID levels, with over 15 billion shares traded daily for 13 consecutive months.
Record Trading Volume: The equity turnover averaged a record $1.03 trillion in January, reflecting a 50% increase compared to the same period in 2025, indicating heightened market activity and participation.
Impact of Retail Investors: Retail investors have become a significant force in U.S. equities, especially following the GameStop mania in 2021, contributing to increased trading volumes and market dynamics.
Market Sentiment: Despite the rise in trading activity, retail sentiment around major ETFs like SPY has trended bearish amid high message volume, suggesting caution among investors.
CITI PREDICTS FIRST RATE CUT OF THE YEAR IN MAY INSTEAD OF MARCH DUE TO JOBS DATA
Economic Forecast: CITI expects to deliver the first rate cut of the year in May, indicating a shift in monetary policy.
Job Market Insights: This forecast follows recent jobs data, suggesting changes in employment trends that may influence economic decisions.
US Payrolls Increased by 130,000 in January, Surpassing Wall Street Predictions; Unemployment Rate Stands at 4.3%
Job Additions and Unemployment Rate: Analysts expected an addition of 55,000 payrolls in January, with nonfarm payrolls rising higher than anticipated by 130,000, while the unemployment rate fell to 4.3%, below the expected 4.4%.
Federal Employment Decline: Federal government jobs declined by 34,000, contrasting with growth in health care, social assistance, and construction sectors, which added 82,000, 42,000, and 33,000 jobs respectively.
Interest Rate Commentary: President Donald Trump stated that the U.S. should be paying the lowest interest rates on its borrowings, emphasizing the country's strong economic position and potential savings of at least one trillion dollars per year.
Revisions in Job Reports: The Bureau of Labor Statistics released final benchmark revisions showing a downward adjustment of 898,000 in total jobs, with significant downward revisions in average monthly payroll additions for 2025 compared to previous reports.
WDC, SNDK, and STX Stocks Drive Down Memory Chip Prices Amid Rising Costs: Is the AI Surge Losing Momentum?
Memory Chip Market Trends: Over the past year, memory chip stocks have seen unprecedented gains due to supply shortages, leading to higher prices, although recent declines have been noted among major companies like SanDisk and Western Digital.
Stock Performance: Major memory chip producers have experienced significant stock declines recently, with shares of Western Digital dropping 8.2% and Seagate 6.8%, indicating a bearish sentiment in the market.
Continued Price Surge: Despite recent stock declines, memory chip prices are expected to continue surging due to ongoing high demand, particularly driven by the expansion of AI data centers.
Industry Outlook: Analysts predict that supply shortages will persist beyond one or two quarters, affecting various sectors including phones, PCs, and automotive, as companies face pressure on pricing and earnings.
Futures for Dow, S&P 500, and Nasdaq Increase Following Mixed Trading Day: Reasons Behind After-Hours Trends for ASTS, HOOD, MAT, LYFT, and F Stocks
Market Trends: Gains in the stock market are spreading beyond the "Magnificent Seven" tech stocks, with broader indices remaining stable despite concerns over AI valuations and a focus on upcoming U.S. job reports and wage data.
Investor Sentiment: Analysts note a shift in investor focus towards a broader market rally, with Nasdaq and S&P 500 futures showing slight increases, while retail sentiment remains bearish amid high trading volumes.
Stock Performance: Several companies, including Alphabet and Lyft, reported disappointing earnings, leading to significant drops in their stock prices, while Ford's shares rose slightly after a positive profit forecast.
Global Market Overview: Asian Pacific stocks, excluding Japan, saw gains, with gold prices slightly down and oil prices stable as traders monitored geopolitical risks, particularly U.S.-Iran talks.
Fed's Hammack Indicates Key Interest Rates May Stay Steady for a Prolonged Time: Report
Interest Rates Outlook: Federal Reserve Bank of Cleveland President Beth Hammack indicated that U.S. interest rates could remain on hold for an extended period, expressing optimism about the economic outlook while acknowledging persistent inflation concerns.
Economic Conditions: Hammack described the current economic environment as a "low-hire, low-fire" period, suggesting stability in employment and consumer spending, despite recent declines in retail sales.
Inflation Expectations: Recent surveys show that U.S. citizens expect inflation to decrease in the near term, with one-year inflation expectations at 3.1%, down from 3.4% in December.
Market Reactions: U.S. equity markets showed mixed results, with the S&P 500 ETF remaining relatively flat, while other ETFs experienced slight gains or losses, reflecting cautious investor sentiment ahead of upcoming economic data releases.
US Stock Turnover Exceeds $1 Trillion Daily Thanks to Market Rally, According to Bloomberg Intelligence
Retail Participation Growth: Retail participation in U.S. equities has surged to nearly 20% of average daily trading activity, significantly increasing from pre-COVID levels, with over 15 billion shares traded daily for 13 consecutive months.
Record Trading Volume: The equity turnover averaged a record $1.03 trillion in January, reflecting a 50% increase compared to the same period in 2025, indicating heightened market activity and participation.
Impact of Retail Investors: Retail investors have become a significant force in U.S. equities, especially following the GameStop mania in 2021, contributing to increased trading volumes and market dynamics.
Market Sentiment: Despite the rise in trading activity, retail sentiment around major ETFs like SPY has trended bearish amid high message volume, suggesting caution among investors.
