Day Traders Diary

1/21/25

The major averages surge on the first trading day in the Trump administration thanks to strong earnings and guidance from blue chip 3M. The Dow Jones rose 537 points or 1.24%. The S&P 500 rose 52 points or 0.88% while the Nasdaq rose 126 points or 0.64%.

Helping the equity markets as the bond market. The 10-yr Treasury dropped four basis points to 4.57% after hitting 4.80% a week ago.

Tech stocks performed well on news President Trump announcing a $500 billion AI infrastructure initiative today that involved companies like OpenAI, Softbank, and Oracle. Oracle jumped 7% today. The one tech titan and the dog of the day was Apple down 3% on a downgrade and news from Bloomberg that iphone sales in China dropped dramatically during the holiday season.

Another dog today was the energy sector down 0.6% as the price of oil fell more than 2% today as Present Trump looks to increase production to keep prices down for consumers.

Bitcoin had a good day up 2% after dropping over the weekend as the new leader of the SEC will launch a "crypto task" force focused on "developing a comprehensive and clear regulatory framework for crypto assets.