Stocks

Stocks Rally for 2nd Week Ahead of Big Tech Earnings and Fed Meeting

Wall Street began the shorter trading week with bullish sentiment, fueled by falling bond yields that make equities more appealing than stocks.
Stocks Rally for 2nd Week Ahead of Big Tech Earnings and Fed Meeting
Traders work on the floor of the New York Stock Exchange during morning trading on Jan. 22, 2025. Michael Santiago/Getty Images
Panos Mourdoukoutas
|Updated:
0:00
News Analysis

U.S. stocks dropped on Friday but closed higher for the week, ahead of Big Tech earnings and the Federal Reserve meeting next week. Once again, the gains were broad, led by techs and the Dow shares. However, analysts are skeptical about the fate of the rally, which may have come too fast, with market sentiment able to change on a flip of a dime.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”