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The stock market saw some movement the day after Christmas, with Dow futures dipping over 100 points. However, tech stocks were a bright spot, as AI and cryptocurrency led gains among the top 5 performers in the sector. Oracle’s Larry Ellison had an exceptional year, with the company's stock rallying significantly. Additionally, Nvidia experienced a remarkable influx of retail investment.
In the robotaxi space, Waymo continued to dominate the U.S. market in 2024, although Tesla and Amazon's Zoox are rapidly emerging as formidable competitors. In other news, while many 401(k) plans now offer Roth contributions, participation remains low, with only a small percentage of workers taking advantage of the option.
A major recall of Costco eggs has made headlines, and the biggest banks are suing the Federal Reserve over its annual stress tests. Meanwhile, most investors are optimistic that President-elect Trump’s administration will provide a boost to the markets. The 10-year Treasury yield briefly surged above 4.6% ahead of jobless claims. Quantum computing stocks also saw strong growth this year.
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