Wall Street Kicks Off 2025 with Optimism

As the new year's trading commenced, Wall Street witnessed a significant uptick, buoyed by investor anticipation for forthcoming reports on construction spending and manufacturing PMI.

Market Highlights

At 9:31 am ET, the Dow Jones Industrial Average climbed 0.67%, adding 285 points to its tally. Nvidia shares saw a 1.95% increase, while the Nasdaq 100 edged up by 0.59%. MicroStrategy led the charge with a 4.16% surge. Shortly after, the S&P 500 rose by 0.64%, with Enphase Energy shares jumping 4.48%.

Currency Movements

In the currency arena, the euro experienced a slight decline, dropping 0.34% against the dollar at 9:28 am ET, trading at $1.03179.