Day Traders Diary

1/9/25

The major averages closed mixed in Wednesday as the markets continue to struggle in 2025. Friday's monthly unemployment data could set the stage on how the averages proceed to start this new year.  The Dow Jones Industrial Average rose 106 points, or 0.25%, to end at 42,635. The S&P 500 rose 9 points while the Nasdaq was lower down 10 points on the day.

Bond yields have been climbing ahead of the economic data and concerns President-elect Donald Trump's tariff and tax plans could lead to a spike in inflation. The rate on the benchmark 10-year Treasury note rose to 4.7% this week, nearing levels last seen in late April.