Investors Optimistic Ahead of Earnings and Inauguration

In a notable premarket session, US stocks witnessed significant gains, with the Dow Jones Industrial Average, Nasdaq 100, and S&P 500 all climbing. This surge comes as the market anticipates a week filled with earnings reports and the upcoming inauguration of President-elect Donald Trump on Monday.

Market Movements

At 9:01 am ET, the Dow Jones Industrial Average increased by 0.59%, or 250 points. The Nasdaq 100 saw a remarkable rise of 1.43%, or 300 points, while the S&P 500 also enjoyed a 0.76% climb. These movements reflect a strong investor confidence as the week begins.

Currency Fluctuations

In the currency markets, the euro experienced a slight decline of 0.12% against the dollar, trading at $1.02882. This minor fluctuation indicates a stable yet cautious approach by investors in the forex market amidst the political and economic events.