Stock Market Today: Dow Jones Rises; Nvidia Gains and Bitcoin Soars (Live Coverage)

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As the Dow Jones Industrial Average and S&P 500 headed for their best week since the November election, stocks were headed for midday Friday, the last trading day before President-elect Donald Trump takes office. As a result, Trump media and tech (DJT) rose on the stock market today. And Bitcoin reached $105,000.

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Shares in the Dow Jones jumped more than 450 points, or 1.1%, while the S&P 500 gained 1.2%, retracing its 50-day moving average and clearing the 6,000 mark. The Nasdaq outperformed with a 1.6% gain from its 50-day moving average.

The Dow and S&P 500 are headed for their best week since Trump’s election after Wednesday’s inflation data eased investor fears. But they are headed for the worst. From election to graduation performance Since January 2009, according to reports.

Both indexes regained their November highs in December. By Thursday’s close, the Dow was up 2.2% since Election Day, while the S&P 500 had gained 2.7%.

Meanwhile, small caps on the Russell 2000 rose 0.6% on Friday. And Treasury yields were flat at 4.61% after three days of declines.

Stocks on the New York Stock Exchange and the Nasdaq were higher compared to the same period on Thursday. Advertisers indicated healthy participation as they declined 2-to-1 on the NYSE and 5-to-3 on the Nasdaq.

Bitcoin A ‘National Priority’ Under Trump

Meanwhile, Bitcoin rose more than 4 percent to $105,000. Executive order Making crypto assets a national priority could land on the president’s desk on his first day in office.

In addition, pro-crypto advocate Paul Atkins is expected to take over as head of the Securities and Exchange Commission on Monday.

And on a related note, Trump Media and Tech rose 1.5% on recent moves. It was topped for the third straight day.

11:06 a.m. ET

Stock Market Today: Housing Starts Higher, Dow Stocks Rise

In economic data, housing starts and building permits were better than expected in December. Economists had forecast 1.32 million housing starts and 1.458 million permits. The actual starting 1.499 million permits were 1.483 million.

in stock, sales force (CRM) rose nearly 2% after analysts at TD Cowen raised their price target on the Dow Jones shares to buy. $400, up from $380.. But the Titan of Artificial Intelligence Nivea (NVDA) led the Dow’s gains, rising more than 3% in recent activity.

Amazing seven stocks Amazon (AMZN), Apple (APL) and Microsoft (MSFT) and two Dow components participated in the rally late.

Also, the inventor IBD 50 (FFTY) exchange traded funds rose 1.3 percent and retook the 50-day line at 32.24 buy points.

Quick reverse, SLB

Connector (Fast) fell more than 4% at one point, but switched gears and posted a nearly 2% gain in action after reporting fourth-quarter results on Friday. Revenue of $1.82 billion and earnings of 46 cents a share missed estimates of $1.84 billion and 48 cents a share.

But a giant of power SLB (SLBEarnings, formerly known as Schlumberger, rose nearly 8 percent after the loss. Sales of $9.28 billion were above estimates of $9.18 billion. Revenue of 92 cents was 2 cents higher than forecast. Shares rose ahead of earnings after breaking above the 50-day moving average.

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JB Hunt Transport (JBHT) fell nearly 7% and fell heavily below its 50-day moving average. That triggered a selloff after fourth-quarter sales fell 5% to $3.15 billion. But revenue of $1.53 was up 4 percent from last year.

Stock market today: Chip stocks soar.

Among the chip stocks, Come on (QRVO) activist investor Starboard Value rose 14 percent after reporting that it had taken a stake in the battered stock. The chart has several depression characteristics. The 50-day line is below the 200-day moving average.

Formerly part of Dow Intel (INTC) showed a nearly 7% increase in reports of potential surveillance targets.

Analysts at Citigroup were bullish. Cloudflare (NET) to buy from neutral and raised their price target to 145, from 95. The stock rose in the profit zone, which rose from the 96.30 buy point to 120.38.

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