TheDrop Market Analysis, 01/17/24

Alexangel Ventura
Jan 17
1 min read

Markets rose marginally as investors grow enthusiastic about President-Elect Trump's upcoming inauguration.

The S&P 500 rose by exactly 1%, the Dow rose by 0.8%, and the Nasdaq surged past 1.5%, reflecting on the strength of tech stocks throughout the day. Friday was the final full stock trading day before President-Elect Trump's and Vice President-Elect Vance's inauguration inside the capitol building on the 20th. The duo has proposed well over 100 executive orders just hours after assuming office, exciting investors on Friday.

Amid rumors that Elon Musk could purchase TikTok, Tesla stock surged 3%. Other Nasdaq tickers like Nvidia, Google, and Amazon also rose throughout the day.

Rigetti's record surge finally ended Friday, as it declined 12%.

Bitcoin and MicroStrategy both surged today following Trump's announcement that he will make cryptocurrency his "priority." This might spell disaster for them, however, as they both have very overvalued listings on the stock market, especially MicroStrategy.

Top Stories

Huge Netflix-Warner Bros. Deal Attracts Heat from Politicians

As the deal between Warner Bros. Discovery and Netflix continues toward realization, the proposed business acquisition has garnered significant opposition by some of the nation's most prominent political leaders. The Warner Bros. logo pictured just outside the studio lot in Burbank California, 2008, Amy T. Zielinski/Getty Images. On December, Netflix agreed to formally purchase Warner Bros.' film and television studies for roughly $82-83 billion, equating to roughly $72 billi

9 hours ago2 min read

Stock "Trump accounts" given green light by first donors, bolstering feasibility

The proposed "Trump accounts," which were first established under the One, Big, Beautiful Bill Act past July, was given a major boost by a donation from two billionaires, increasing the chances for its feasibility by next summer, its expected launch date. Michael Dell, CEO of Dell Technologies (left) and his wife Susan Dell (right) speaking during their White House announcement of a large donation to the "Trump accounts" policy, Reuters. The propose d accounts would include a

3 days ago2 min read

Mamdani & Trump's White House Meeting: How the Left and the Right are agreeing to come together

In a country with a strictly double-sided, polarizing political system as the United States has been over the past decade, Republicans and Democrats have showed signs of easing the cross-party divide - by emphasizing their agreements, not merely devolving to personal attacks and disagreements. Donald Trump pats Mayor-Elect Zohran Mamdani in the arm as he responds to a question from reporters, The Independent [taken from video]. On November 21st, President Trump invited NYC's

Nov 212 min read

TheDrop Market Analysis, 01/17/24

Recent Posts

Top Stories

Huge Netflix-Warner Bros. Deal Attracts Heat from Politicians

Stock "Trump accounts" given green light by first donors, bolstering feasibility

Mamdani & Trump's White House Meeting: How the Left and the Right are agreeing to come together

© 2025 The Daily Drop. All rights reserved.