Here’s a summary of the news articles from January 7, 2025:
- Job openings increase more than expected in November: The Bureau of Labor Statistics reported that there were 8.1 million job openings at the end of November, exceeding economist expectations.
- Nvidia rallies after CEO unveils AI superchip, robotics tech at CES: Nvidia’s stock rose as much as 2.5% in premarket trading following CEO Jensen Huang’s keynote at the tech industry’s annual CES trade show in Las Vegas.
- Stocks open higher: US stocks edged higher on Tuesday, with the benchmark S&P 500 rising 0.3%, holding near tech-fueled prior-session gains.
- Job openings and labor turnover survey (JOLTS) report: The JOLTS report showed that 5.27 million hires were made during November, down from the 5.39 million made during October.
- Earnings: Cal-Maine Foods (CALM): No news articles provided about Cal-Maine Foods’ earnings.
- Nvidia’s stock rose to a record high of $149.43 on Monday: Nvidia shares closed at a record high ahead of Jensen Huang’s keynote at the CES trade show in Las Vegas.
- Federal Reserve may not cut interest rates as soon as expected: The 10-year Treasury yield moved higher after the release of the JOLTS report, adding roughly 7 basis points to hover just below 4.7%. Bets on when the Federal Reserve will next cut interest rates were pushed back too.
- Stocks sold off as rates chugged higher: The Nasdaq Composite fell about 1% and the S&P 500 dropped about 0.4%.
- Job openings increase more than expected in November, but quits rate falls: The JOLTS report showed that 8.1 million jobs were open at the end of November, an increase from the 7.84 million in October.
- Nvidia’s CEO Jensen Huang unveiled AI superchip and robotics tech at CES: Huang’s presentation gave a flurry of updates on upcoming Nvidia products that preview what’s next in the burgeoning artificial intelligence market and other emerging technologies.
Overall, the news articles suggest that the US stock market is performing relatively well, with some sectors like technology leading the way. However, there are also signs that interest rates may not be cut as soon as expected by the Federal Reserve.
