Small caps lose Trump bump as rising rates sap strength

Image source: Wikimedia Commons

Small caps lose Trump bump as rising rates sap strength. 📊 As investors seek assets that will shine under a Donald Trump presidency, one corner of the U.S. stock market expected to benefit from the Republican's policies has been stumbling. Yahoo Finance reports.

📉 AppleFall: Apple has worst day since August following reports of China, AI struggles. CNBC reports.

📺 EarningsStream: Netflix is set to report fourth-quarter results after the closing bell on Tuesday, with analysts holding mostly bullish ratings on the streaming giant. Yahoo Finance reports.

🌍 EcoWheels: Sales of all-electric vehicles and hybrid models reached 20% of new car and truck sales in the U.S. for the first time last year — marking a landmark year for “green” vehicles but coming at a slower pace than many had previously anticipated. CNBC reports.

⚡ SiliconTension: China will launch an investigation into U.S. government subsidies to its semiconductor sector over alleged harm caused to Chinese mature node chipmakers, the commerce ministry said on Thursday. Reuters reports.

📦 GlobalStep: U.S. e-commerce giant Amazon.com opened on Thursday a walk-in centre in South Africa that it says will help its independent sellers attract more customers and expand their businesses, while it also seeks to gain market share. Yahoo Finance reports.

📈 ProfitPulse: Morgan Stanley's profit more than doubled in the fourth quarter, fueled by a wave of dealmaking and stock sales that drove its revenue to a full-year record. Reuters reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $VS: Versus Systems
Total gain: +83.85%

2. $ZEO: Zeo Energy
Total gain: +38.03%

3. $NUKK Nukkleus
Total gain: +33.26%

4. $ISPC: iSpecimen
Total gain: +30.87%

5. $XHG: XChange Tec
Total gain: +26.08%

National Day of Mourning for Martin Luther King Jr.

Martin Luther King Jr. is the only non-president whose death triggered the NYSE to close.

Martin Luther King Jr. was assassinated on April 4, 1968. The stock market was closed for a National Day of Mourning on Tuesday, April 9, 1968.

The New York Stock Exchange and the NASDAQ both close each year on Martin Luther King Jr. Day. The holiday is closer to his birthday than to the day he was assassinated. It is observed on the third Monday of January, which can fall between January 15 and January 21. Martin Luther King Jr. was born on January 15, 1929.

📰 Read more

The closing price of the top three market percent gainers trading near or above $3 on January 16.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $DATS: DatChat
Total gain: +37.09%
The stock appeared to be moving on no notable news.

2. $IBRX: ImmunityBio
Total gain: +26.56%
The company announced significant progress in its ongoing discussions with the U.S. Food and Drug Administration regarding three areas of its clinical development pipeline in non-muscle invasive bladder cancer and non-small cell lung cancer. Benzinga reports.

3: $RZLV: Rezolve AI
Total gain: +24.29%
The stock appeared to be moving on no notable news.

Time (ET) / Report / Period

8:30 am - Housing starts - December
8:30 am - Building permits - December
9:15 am - Industrial production - December
9:15 am - Capacity utilization - December

"The best stock to buy may be the one you already own.”

― Peter Lynch

Sourced in:
”Beating the Street”, by Peter Lynch, published in 1993.