Timothy St. John•Friday, January 31, 2025•2 min read Add an article to your Reading ListRegister now to be able to add articles to your reading list
Timothy St. John•Friday, January 31, 2025•2 min read
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The stock market indices closed positive on Thursday evening, setting the stage for a positive opening on Friday despite the Federal Reserve’s announcement that they would not issue rate cuts for now.
The news of a steady rate from the Fed caused the market to dip on Wednesday but not for long. The market closed high on Thursday because the news was already anticipated. Friday could be a slightly bullish end of the week, as we are seeing strong upward movement from a few key stocks.
Most notably, Tesla (TSLA) is now up by 2.87%, having hit a price of $400. 2025 is expected to be a good year for this stock due to the strong partnership between CEO Elon Musk and newly elected US President Donald Trump. Policy decisions made by this administration could directly benefit large businesses, giving them tax breaks and pulling back some of the environmental restrictions that they faced under the Biden administration.
Stocks Expected to Change
There are a few major stocks struggling this week, and at the top of the list is Microsoft (MSFT), which dropped more than 6% on Thursday as the markets closed but then climbed 0.87% in premarket trading for Friday. This is one stock that is an early indicator how the market may move for the last day of trading for the week and for the month of January.
Nvidia (NVDA) is having a tough time. Though it was up on Thursday before the market closed off, the stock is now down 0.22%. Debate still rages over whether the DeepSeek AI development models will work and whether major AI companies like Nvidia have the kind of future they are expecting. The market could shift dramatically for AI stocks like this one if DeepSeek’s models can become reality and provide much cheaper development costs for AI programs.
Apple (APPL) was low on Thursday but is now up by more than 4% in premarket trading for Friday. This is another high profile stock that has recovered after the Fed meeting and is looking to have a profitable week overall. Much of the market recovery can be attributed to positive sentiment surrounding Trump’s executive orders and future plans for the economy, which are intended to benefit big business.
Timothy St. John
Financial Writer – European & US Desks
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