Stock Market Update Tuesday January 21, 2025 Broad-Based Rally Kicks Off the Week Markets started the week on a strong footing, with a robust, across-the-board rally. Stocks rallied by 0.9% on the S&P 500 to push the broad index to within a percentage point of its high-water mark reached early last month, while the Nasdaq 100 remains 2.5% below its peak, having bounced approximately 5% over the past week. the Nasdaq 100 (QQQ) gained 0.6%, and small caps (IWM) led the charge with a 1.9% advance. On the earnings front, Netflix (NFLX) surged 12% in after-hours trading, marking a fresh all-time high following a standout earnings report.
Away From Stocks: Treasury's also enjoyed a green session with 10- and 30-year yields each dropped four basis points to 4.57% and 4.8%, respectively. WTI crude retreated below $76 a barrel, while the United States Oil Fund (USO) declined 1.7%, alleviating inflationary concerns. gold ripped 1.3% to $2,744 per ounce – less than 2% from its October peak – while bitcoin advanced above $106,000 and the VIX fell three-quarters of a point to 15.

