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Overnight U.S. stocks | The Nasdaq and S&P 500 Index ended a five-day decline, with Tesla (TSLA.US) closing up more than 8%.
As of the close, the Dow Jones Industrial Average rose 339.86 points on Friday, an increase of 0.80%, closing at 42,732.13 points; the Nasdaq rose 340.88 points, an increase of 1.77%, closing at 19,621.68 points; the S&P 500 Index rose 73.92 points, an increase of 1.26%, closing at 5,942.47 points.
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U.S. Stock Outlook | All three Equity Indexes rise, Morgan Stanley states that the dominance of large Technology stocks will be shaken by 2025.
On January 3 (Friday) in Pre-Market Trading, the three major U.S. Equity Index futures rose together.
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These 5 Artificial Intelligence (AI) Stocks Make Up 28.8% of the Entire S&P 500 Index
Technology giants dominate the US stock market once again, but UBS Group is not worried: there is still room for growth!
UBS Group believes that while large Technology stocks continue to see earnings expansion, their valuation growth is slowing down, making them "cheaper" compared to the overall market, and this trend is expected to continue, hence there is still room for appreciation.
Wall Street's most optimistic '2025 prediction': US stocks are expected to rise more than 20% for the third consecutive year!
① Capital Economics predicts that the US stock market is expected to achieve a gain of over 20% for the third consecutive year in 2025. If realized, this will be only the second time in history that the US stock market has had three consecutive years of gains exceeding 20%. ② Capital Economics believes that the driving forces for the bull market's continued rise in 2025 will be similar to last year: investors' enthusiasm for AI and the "American exceptionalism".
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