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Wall Street Surges as Dow, S&P 500 Eye Best Week of 2025: Pre-Market Movers
Wall Street Surges as Dow, S&P 500 Eye Best Week of 2025: Pre-Market Movers
Alex Vellor
08:50am, Friday, Jan 17, 2025
Photo by Siva Seshappan, pexels.com
The Dow Jones is up 2.9% and the S&P 500 has gained 1.9%, both on track for their best weeks since the November election. The Nasdaq Composite, up 0.9% over the last four sessions, is eyeing its strongest week since early December. This could mark Wall Street's first positive week of 2025.
Pre-market Movers:
| Company | Stock | Change | Reason |
|---|---|---|---|
| Rivian (RIVN) | NASDAQ | +2.9% | Volkswagen considering deepening its partnership with Rivian. |
| JB Hunt (JBHT) | NASDAQ | -9.2% | Quarterly earnings missed expectations due to skyrocketing expenses and fewer trucks. |
| Apple (AAPL) | NASDAQ | +0.8% | Bounced back after news of being overtaken as China's biggest smartphone seller. |
| Microsoft (MSFT) | NASDAQ | +0.3% | Announced addition of AI tools to Microsoft 365 and raised US subscription prices. |
| Salesforce (CRM) | NYSE | +1.9% | Upgraded to ‘buy’ by TD Cowen due to strong growth prospects on AI momentum. |
| Qorvo (QRVO) | NASDAQ | +6.4% | Starboard Value acquired a 7.7% stake, aiming for changes. |
| Schlumberger (SLB) | NYSE | +2.7% | Beat estimates for Q4 profit due to higher demand for drilling equipment. |
| Glencore (GLNCY) | OTC | +2.4% | Reported talks with Rio Tinto on a potential copper merger. |
| Rio Tinto (RIO) | NYSE | +2.1% | Reported talks with Glencore on a potential copper merger. |
| Fastenal (FAST) | NASDAQ | -4.9% | Disappointed with Q4 earnings and revenue due to a soft manufacturing environment. |
| Truist Financial (TFC) | NYSE | +2.9% | Exceeded Q4 profit estimates due to stronger investment banking and trading activity. |
About The Author
Alex Vellor
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