TheDrop Market Analysis, 01/23/25

Markets rose once again as investor enthusiasm continues from yesterday.

The S&P 500 is up 0.5%, the Nasdaq is up 0.2%, and the Dow is up by an incredible 0.9%. Markets were generally bullish today after a consequential speech to the World Economic Forum by Donald Trump, as well as a large rally in crypto throughout the day after the passage of an executive order opening the door for a national crypto asset stockpile. Subsequently, Bitcoin rallied to over $104,000 per coin, continuing its up trend from last week.

Generally, technology stocks were relatively stagnant, with the gains from Nvidia, Target, SoundHound, Microsoft, and Amazon being very low, and the losses from Tesla, Apple, and Intel also being surprisingly low, considering their rally yesterday. Oracle even continued to make higher highs despite its over 7% surge yesterday.

Game maker Electronic Arts fell 16.7% due to its lowering of its forecasted share price. Arm Holdings also fell by more than 7% as it tries to correct itself from yesterday's boom. Investors overall, nevertheless, had generally positive attitudes about the market as a whole, with some continuing to buy in as political developments prompt enthusiasm.