Stock Market Update Monday January 13, 2025

Stock Market Update Monday January 13, 2025 Stocks staged a robust recovery from an early-session pullback, with the S&P 500 and Nasdaq 100 closing within a mere 0.25% of breakeven. The S&P 500 (SPX) edged higher, closing up 9 points, while the Dow Jones Industrial Average (DJIA) maintained strength throughout the session, ending with a +0.9% gain. In contrast, the Nasdaq Composite bore the brunt of the initial sell-off but trimmed its losses, ultimately closing down -0.4%. On the equity side, Moderna (MRNA) stood out as the day's notable underperformer, plummeting -17% following disappointing developments. Conversely, UnitedHealth Group (UNH) provided a boost to the DJIA, rallying +4% on strong performance.

Away From Stocks: Treasurys eked out a mostly flat finish, with the 2-year yield steady at 4.40% and the 30-year yield at 4.97%. WTI crude extended its rally, trading near $79 per barrel, marking a nearly 10% gain year-to-date as the commodity remains a standout performer in early 2025. Meanwhile, gold retreated to $2,662 per ounce, reflecting profit-taking after recent highs. Bitcoin rebounded sharply, climbing back toward $94,000 after briefly testing the $90,000 level earlier in the day. The VIX, a gauge of market volatility, edged slightly higher, settling just above 19.

The Russell 2000 IWM ETF Daily Chart generated a sell signal from our proprietary algorithm on December 13, 2024.