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U.S. stock market in the morning | The three major Indexes all rose, with the Nasdaq up nearly 1%! NVIDIA rose nearly 4%, and Tesla increased over 2%; some Chinese concept stocks strengthened, with MINISO soaring over 8%.
On the evening of the 3rd in Peking time, US stocks opened slightly higher on Friday. Major indices rose slightly after a turbulent start to the new year, with the S&P 500 Index possibly ending its previous five-day decline.
Express News | The USA's ISM manufacturing Index for December is 49.3, expected to be 48.4, and the previous value was 48.4.
There's no need to worry about the US stock market closing lower on the first trading day of 2025! It has no reference value for the annual performance.
History shows that the performance of the S&P 500 Index on the first trading day of the year cannot serve as a barometer for the index's final annual return.
Wall Street's most optimistic '2025 prediction': US stocks are expected to rise more than 20% for the third consecutive year!
① Capital Economics predicts that the US stock market is expected to achieve a gain of over 20% for the third consecutive year in 2025. If realized, this will be only the second time in history that the US stock market has had three consecutive years of gains exceeding 20%. ② Capital Economics believes that the driving forces for the bull market's continued rise in 2025 will be similar to last year: investors' enthusiasm for AI and the "American exceptionalism".
US stock market outlook | Tesla rebounds slightly in pre-market! Morgan Stanley is bullish, raising the stock price to $400; Trump wields the 'big stick'! Tariffs will become a hot topic of discussion at CES 2025.
The rise in US Treasury yields and profit-taking by investors have significantly reduced the inflow of funds into global equity funds; MINISO continued to rise nearly 6% in pre-market trading, with the founder stating that the company will continue to develop the IP economy and lead interest-based consumption; after being short-sold by Hindenburg Research, Carvana fell nearly 4% in pre-market trading.
S&P 500's Returns on First Trading Day of a Year Poor Barometer for Annual Performance