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Index Update
On Thursday, the S&P 500 (+0.36%) and Nasdaq (+0.51%) rose, while the Dow (-0.28%) fell. Tech, financials, and consumer staples led gains, while energy, healthcare, and utilities lagged. Investors reacted to corporate earnings and economic data, while Wall Street recovered losses from Trump’s tariff announcements earlier in the week.
Market Movers
On Thursday, the top gainers were Liquidity Services, Inc (+24.68%), followed by TTM Technologies, Inc (+21.07%). On the contrary, Skyworks Solutions, Inc. (-28.23%) and Impinj, Inc. (-2.22%) declined the most the same day.
Commodities Update
WTI crude oil futures hovered around $71 per barrel, set for a third weekly decline as Trump pledged to boost US oil production, adding to supply concerns after a sharp rise in US crude stockpiles. Losses were limited by US sanctions on Iran, Saudi Aramco’s price hike, and rising demand from China and India, despite ongoing US-China trade tensions.
Macro Update
The US economy is expected to add 170K jobs in January 2025, the slowest in three months, down from 256K in December, partly due to wildfires and winter weather. The unemployment rate is projected to stay at 4.1%, with wages rising 0.3% month-over-month. Annual revisions may significantly adjust previous job figures, reflecting a resilient but slowing labor market.
Futures Update
US stock futures fell ahead of the monthly jobs report, which may influence Fed policy. Amazon dropped 4% after-hours on weak Q1 guidance despite strong Q4 earnings. Bitcoin traded at $97,654 on February 7, up 1.33% from the previous session. It gained 2.72% over the past month and 115.43% over the past year.

Stocks exhibited a lack of clear direction during Thursday's trading session, with major indices fluctuating around the neutral line before concluding with mixed results. The Nasdaq and S&P 500 both achieved new session highs by the end of the day, marking their third consecutive session of gains. The Nasdaq jumped 99.66 points, or 0.5 percent, to finish at 19,791.99, while the S&P 500 increased by 22.09 points, or 0.36 percent, to close at 6,083.56. From a technical perspective, the S&P 500 encountered resistance at key levels, leading to a slight downward trend, which raises the possibility of a short-term pullback. The Relative Strength Index (RSI) is currently hovering near the midpoint, suggesting potential for such a retreat. Market analysts are keeping a close eye on significant price levels, identifying $6,100 as a potential resistance point and $5,950 as a support level.






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