Major Indexes Are Higher After President Trump Indicated He Would Demand Reduced Interest Rates. Additionally, Oil Prices Fell After He Suggested He Would Ask OPEC to Bring Costs Down.
Last week, the number of people in the USA applying for unemployment benefits for the first time was 0.223 million, higher than expected.
In the week ending January 11, the number of people continuing to claim unemployment benefits increased by 46,000, seasonally adjusted to 1.899 million, also exceeding expectations, the highest since November 2021.
On CNBC, Bill Baruch Announces Sold QQQ ETF (Invesco QQQ Trust, Series 1) Position
U.S. stocks in early trading | Bitcoin fluctuated by 4% during the day, with a U.S. senator stating that "something big is coming"; Himax Technologies rose over 16%, and Ming-Chi Kuo mentioned that the company benefits from Taiwan Semiconductor's AI and s
Drone concept stock SES AI Crop surged over 70%, signing a 10 million dollar contract with two Global OEM partners.
U.S. stock market outlook | Unemployment claims data did not cause a stir, the market focuses on Trump's speech in Davos tonight; GE Aerospace Airlines' performance exceeded expectations, rising more than 7% in pre-market trading.
Growth Tech stocks are mixed in pre-market trading, with ASML Holding down over 2%; Chinese concept stock TAL Education is up nearly 10% in pre-market trading, with performance better than expected.
Express News | The number of initial jobless claims in the USA for the week ending January 18 was 0.223 million people, expected to be 0.22 million people, and the previous value was 0.217 million people.