StockMKTNewz Daily Recap 1/8

THE STOCK MARKET IS CLOSED TOMORROW

January 08, 2025

Daily Stock Market Recap: 1/8

Hey everyone! It’s @StockMKTNewz - Evan!

Let's dive into the key headlines of the day and what you should keep an eye on as we move through the week. As a reminder, the market is closed TOMORROW Jan 9th for the National Day of Mourning for Jimmy Carter.

Here’s how the stock market performed today

Heat Map of the S&P 500

Indexes

Best and Worst Performing S&P 500 Stocks

Get Ready For The Rest Of The Week

EARNINGS: This is the earnings calendar I rely on daily during earnings season. Make your earnings season much easier by checking out Earnings Hub

Friday 1/10 SeekingAlpha catalyst Watch:

Macro: Schedule for Friday 1/10 (All times are in ET)

8:30 am U.S. employment report
8:30 am U.S. unemployment rate
8:30 am U.S. hourly wages
10:00 am UMich consumer sentiment (prelim)

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The Daily Recap

Here's how Warren Buffett and Berkshire Hathaway's $BRK.B position in Apple $AAPL has changed over the years
— Evan (@StockMKTNewz)
3:33 PM • Jan 8, 2025

Costco $COST just reported December sales of $27.52 Billion up 9.9% YoY
— Blossom (@meetblossomapp)
9:17 PM • Jan 8, 2025

Facebook $META said today it will start showing eBay listings on Facebook Marketplace for buyers in the US 🇺🇸, Germany 🇩🇪, and France 🇫🇷 under a test launch - SA
$EBAY is up almost 10% so far today on the news
— Evan (@StockMKTNewz)
2:40 PM • Jan 8, 2025

🇺🇸 PRESIDENT BIDEN TO FURTHER CURB NVIDIA $NVDA AND $AMD AI CHIP EXPORTS IN FINAL PUSH - Bloomberg
— Evan (@StockMKTNewz)
9:37 PM • Jan 8, 2025

FOMC MINUTES: 🇺🇸 FED OFFICIALS EXPECTED TO SLOW PACE OF RATE CUTS AFTER DECEMBER MEETING
— Evan (@StockMKTNewz)
7:00 PM • Jan 8, 2025

HSBC today downgraded $AMD to Sell from Buy while lowering its price target to $110 down from $200
— Evan (@StockMKTNewz)
2:04 PM • Jan 8, 2025

Elon Musk and Tesla $TSLA officially filed to appeal the Delaware court's decision to block his 2018 $56 billion compensation package
The case is now heading to the state’s Supreme Court - Bloomberg
— Evan (@StockMKTNewz)
8:22 PM • Jan 8, 2025

Nvidia $NVDA CEO Jensen Huang said he thinks useful quantum computers are 15-30 years away - CNBC
“If you said 15 years for very useful quantum computers, that would probably be on the early side” Huang said “If you said 30, it’s probably on the late side. But if you picked 20,… x.com/i/web/status/1…
— Evan (@StockMKTNewz)
1:16 PM • Jan 8, 2025

$AMD is investing $20 million in Absci, a drug-discovery company based in Washington state, in a move aimed at selling its AI chips in the healthcare sector
The deal is structured as a private investment in a public equity and includes an equity stake in Absci. AMD didn’t… x.com/i/web/status/1…
— Evan (@StockMKTNewz)
1:06 PM • Jan 8, 2025

MEDICARE CAN NOW COVER ELI LILLY’S $LLY WEIGHT LOSS DRUG ZEPBOUND FOR SLEEP APNEA, CMS SAYS - CNBC
— Evan (@StockMKTNewz)
8:34 PM • Jan 8, 2025

Nvidia $NVDA CEO Jensen Huang hints at ‘plans’ for its own desktop CPU- The Verge
— Evan (@StockMKTNewz)
11:30 AM • Jan 8, 2025

All these stocks hit new 52 WEEK LOWS at some point today
Adobe $ADBE
Johnson & Johnson $JNJ
Pepsi $PEP
Hershey $HSY
Comcast $CMCSA
MGM Resorts $MGM
Mondelez $MDLZ
On Semi $ON
Archer Daniels $ADM
$AES
Alexandria $ARE
Crown Castle $CCI
Celanese $CE
Campbell's Soup $CPB
Dollar… x.com/i/web/status/1…
— Evan (@StockMKTNewz)
8:56 PM • Jan 8, 2025

Links to check out

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Earnings Hub- The best earnings calendar out there. It is by far my favorite feature is the AI Summaries of the earnings calls! Sign up for a pro account today!

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