U.S. markets traded higher on January 5. The S&P 500 gained about +0.75%, while the Dow Jones rose +1.61%, setting a new record, DKNews.kz reports.
Gains were led mainly by financial and energy stocks, which investors currently see as attractive.
Financials lead the market
Seven of the 11 S&P 500 sectors were in positive territory, with the strongest performance in:
- financials
- consumer
- energy
- industrials
The financial sector hit a new record. Investors seem to see more upside opportunities than risks.
A key milestone: JPMorgan surpassed a $900 billion market value for the first time ever.
Energy reacts to geopolitics
Companies that could benefit from restoring Venezuela’s oil infrastructure moved higher.
Leaders included:
- Halliburton
- SLB (Schlumberger)
Markets are pricing in stronger demand for their services.
Tesla and Amazon stand out
Among mega caps, Tesla and Amazon were among the best performers, lifting the consumer sector.
Tesla moved higher despite Bloomberg reporting that China deliveries in 2025 fell by 7%. Additional attention came after Fox News reported that Elon Musk and U.S. President Donald Trump had lunch together.
Amazon continued to climb after expanding Alexa.com - users can now interact with AI directly through the browser.
What it means for the market
Today’s rally is being driven by:
- geopolitical news
- renewed confidence in financial stocks
- sustained interest in big tech
Investors are still willing to stay in risk assets. Wall Street is starting the year with cautious optimism.
