Stock market today: Wall Street begins Trump’s second term with a drift higher
NEW YORK (AP) — U.S. stocks rose Tuesday after more companies said they made bigger profits at the end of last year than analysts expected and as Treasury yields eased.
The S&P 500 climbed 0.9%, while many markets around the world took only tentative steps following Donald Trump’s return to the White House on Monday.
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Read MoreToday's best savings rates
Key Takeaways
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- The top savings accounts earn up to 5% APY.
- APYs have been steadily falling since the Fed began cutting interest rates last year.
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Read MoreUK interest rates have a long way yet to fall, says Goldman Sachs
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Read MoreToday's Mortgage Rates | Trump Tariffs Could Keep Rates Elevated
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- Mortgage rates for January 22, 2025,
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Read MoreTrump's deportation plans could raise the price of your retirement
- Trump’s mass deportation plan could strain retirees’ wallets.
- Immigrants in the country illegally pay taxes that support Social Security and Medicare but don’t receive their benefits.
- Deportations could also increase healthcare costs and shrink the industry’s workforce.
President Donald Trump’s immigration policies could hurt retirees’
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Read MoreThe Burst
Pick and Shovel EV Play (Hint, Not Tesla)
In light of Tesla’s recent workforce reduction as sales slump, it may seem like a risky play to invest in an EV pick and shovel play but we’re eyeing Infineon, with a market cap of around $43 billion as an opportunity.
It’s a company that is best known for SiC and GaN technologies that are designed to meet rising demand in the sector as a whole.
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Read MoreThe Ivy
Golden Cross Gives Bulls Green Light?
One of the more unexpected tailwinds for healthcare stocks in recent years has been the weight-loss frenzy brought about most notably by Ozempic.
Novo Nordisk’s drug was such a hit that the share price soared by 62% over the past year alone. Yet it’s not the only game in town. Eli Lilly’s weight-loss drug,
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Read MoreThe Spotlight
Spotlight: Dine On Steak After This Brazilian Breakout
Rates are going up everywhere, at least that’s what the financial press would have you believe. On July 26, Federal Reserve Chairman Jerome Powell oversaw a rate hike that placed interest rates at 22 year highs, pegging them at 5.25-5.50%.
The market had largely priced in the rate hike and so the S&P 500 fell just 0.17% on the day.
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