Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    StockNews24StockNews24
    Subscribe
    • Shares
    • News
      • Featured Company
      • News Overview
        • Company news
        • Expert Columns
        • Germany
        • USA
        • Price movements
        • Default values
        • Small caps
        • Business
      • News Search
        • Stock News
        • CFD News
        • Foreign exchange news
        • ETF News
        • Money, Career & Lifestyle News
      • Index News
        • DAX News
        • MDAX News
        • TecDAX News
        • Dow Jones News
        • Eurostoxx News
        • NASDAQ News
        • ATX News
        • S&P 500 News
      • Other Topics
        • Private Finance News
        • Commodity News
        • Certificate News
        • Interest rate news
        • SMI News
        • Nikkei 225 News1
    • Carbon Markets
    • Raw materials
    • Funds
    • Bonds
    • Currency
    • Crypto
    • English
      • العربية
      • 简体中文
      • Nederlands
      • English
      • Français
      • Deutsch
      • Italiano
      • Português
      • Русский
      • Español
    StockNews24StockNews24
    Home » Market speculation picks up to start 2025 as crypto stocks jump
    Share

    Market speculation picks up to start 2025 as crypto stocks jump

    userBy userJanuary 2, 2025No Comments3 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Traders work at the New York Stock Exchange on Dec. 31, 2024.

    NYSE

    Crypto trades jumping. Roaring Kitty boosting meme stocks. Broader market ripping on no apparent catalysts.

    Animal spirits are on the run at the dawn of 2025 trading.

    Many speculative pockets of the stock market surged in early trading Thursday, the first session of the new year, right after the S&P 500 closed out the best two-year run since 1998.

    Stocks tied to the price of bitcoin jumped as the cryptocurrency climbed back over $96,000. Microstrategy added 3% after climbing more than 360% in 2024. Crypto-related companies Coinbase, Robinhood, Mara Holdings and Riot Platforms also traded higher after a big 2024. A crypto token called “fartcoin” skyrocketed 45% and now has $1.38 billion market value.

    Elsewhere, retail traders active on social media were busy playing a guessing game after online personality Roaring Kitty posted another cryptic message on X of a short clip of the late musician Rick James. Some believe the meme stock leader, AKA Keith Gill, was referring to Unity Software, whose stock soared 11%, while others think he’s back touting his original favorite GameStop, whose shares also caught a bid.

    Meanwhile, semiconductor stocks — 2024’s big winners — helped lead the market again after the artificial intelligence trade lost some steam at the end of last year. Broadcom jumped 2% Thursday, while Nvidia gained 1.6%.

    What’s more, golf stock Topgolf Callaway Brands jumped 8.5% on the back of an upgrade at Jefferies to buy from hold. The investment bank said shares of the golf equipment maker looked oversold and raised its price target to 65% above where the stock closed the year.

    With a pickup in market speculation, broad stock indexes were on the rise to kick off 2025. The Dow Industrial Average advanced more than 200 points. The S&P 500 and the Nasdaq Composite both gained 0.6%.

    Thursday’s dramatic moves resembled the initial rallies on the back of Donald Trump’s election victory in November, as investors bet his pro-business policies would drive companies and the economy to strong growth. Those gains slowed toward the end of 2024 as concern grew that the president-elect’s protectionist policies could stir inflation or disrupt chains, and as the Federal Reserve signaled fewer interest rate cuts in 2025.

    “Many investors assume that the incoming administration’s push for deregulation will unleash ‘animal spirits,'” Lisa Shalett, chief investment officer of Morgan Stanley Wealth Management, said in a recent note to clients. “But what if it only accelerates the concentration of monopoly power in the hands of a few, diluting the efficacy of broad economic measures and leaving behind even larger swaths of the populace?”



    Source link

    Share this:

    • Click to share on Facebook (Opens in new window) Facebook
    • Click to share on X (Opens in new window) X

    Like this:

    Like Loading...

    Related

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticlePiper Sandler downgrades Biogen, slashes PT by $177 amid transition challenges By Investing.com
    Next Article LightPath Tech stock soars to 52-week high of $3.83 By Investing.com
    user
    • Website

    Related Posts

    First Phosphate Advances Semi-Industrial Testing in Quebec

    June 25, 2025

    Asia markets live: Stocks rise

    April 9, 2025

    Amazon delays first Kuiper satellite launch due to bad weather

    April 9, 2025
    Add A Comment

    Leave a ReplyCancel reply

    © 2025 StockNews24. Designed by Sujon.

    Type above and press Enter to search. Press Esc to cancel.

    %d