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Wall Street closed the trading week lower, though equities rebounded from intra-week lows following a volatile stretch marked by heightened geopolitical uncertainty. Markets digested a steady stream of earnings reports, while safe-haven demand continued to support precious metals.
Geopolitical developments took center stage after President Donald Trump reiterated his interest in Greenland during remarks at the World Economic Forum in Davos, Switzerland. Trump said he intends to begin negotiations “immediately” to pursue control of the territory, adding to broader global uncertainty that weighed on investor sentiment.
Meanwhile, gold extended its rally, moving closer to the $5,000-an-ounce level as investors sought refuge amid rising geopolitical tensions and renewed concerns over the Federal Reserve’s independence. The precious metal gained 8.5% over the week.
On the earnings front, results continued to drive sharp stock-specific moves. Shares of Intel (INTC) plunged just over 17% on Friday following the company’s latest earnings release, contributing to the week’s heightened market volatility.
For the week, the S&P (SP500) lost -0.4%, while the tech-heavy Nasdaq Composite (COMP:IND) dipped -0.1%, and the blue-chip Dow (DJI) fell -0.5%. Read a preview of next week’s major events in Seeking Alpha’s Catalyst Watch.
Seeking Alpha’s Calls Of The Week
Salesforce’s (CRM) Selloff Is Overdone – A Contrarian Buy Opportunity.
Kura Oncology (KURA): Safety Profile Of Komzifti Supports Upgrade.
Nebius (NBIS) Is A Buy – I Was Wrong About AI Infrastructure Demand.
Celestica (CLS) Q4 Earnings Preview – Expect Another Double Beat.
Franco-Nevada (FNV): High-Quality Compounder Worth Paying For.
Neutral On Jack In The Box (JACK) – The Ugly Duckling Stays Ugly.
Time To Consider Exit Strategy For Warner Bros. Discovery (WBD).
D.R. Horton (DHI) Is A Sell As Affordability Concerns Seen Persisting.
This Time Is Not Different, It’s Time To Sell Micron Technology (MU).
Bearish On Richtech Robotics (RR) As This Stock Is A Dilution Trap.
Weekly Movement
U.S. Indices
Dow -0.5% to 49,099. S&P 500 -0.4% to 6,916. Nasdaq -0.1% to 23,501. Russell 2000 -0.4% to 2,667. CBOE Volatility Index +1.5% to 16.09.
S&P 500 Sectors
Consumer Staples +0.9%. Utilities -2%. Financials -2.5%. Telecom +1.1%. Healthcare +1.1%. Industrials -1.6%. Information Technology -0.8%. Materials +2.6%. Energy +3.1%. Consumer Discretionary +0.7%. Real Estate -2.5%.
World Indices
London -0.9% to 10,143. France -1.4% to 8,143. Germany -1.6% to 24,901. Japan -0.2% to 53,847. China +0.8% to 4,136. Hong Kong -0.4% to 26,750. India -2.4% to 81,538.
Commodities and Bonds
Crude Oil WTI +2.7% to $61.07/bbl. Gold +8.4% to $4,979.7/oz. Natural Gas +70% to 5.275. Ten-Year Bond Yield -0.2 bps to 4.239.
Forex and Cryptos
EUR/USD +1.97%. USD/JPY -1.52%. GBP/USD +1.96%. Bitcoin -5.6%. Litecoin -8.1%. Ethereum -10.4%. XRP -6.6%.
Top S&P 500 Gainers
Moderna (MRNA) +24%. Micron Technology (MU) +19%. Sandisk (SNDK) +16%. Advanced Micro Devices (AMD) +14%. Gilead Sciences (GILD) +12%.
Top S&P 500 Losers
West Pharmaceutical Services (WST) -15%. Constellation Energy (CEG) -15%. AppLovin (APP) -14%. Abbott Laboratories (ABT) -13%. McCormick & Company (MKC) -12%.
Where will the markets be headed next week? Current trends and ideas? Add your thoughts to the comments section.
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