To The Moon

Tech Stocks Drive Wall Street Higher

🇺🇸 S&P 500 Index: +0.56% 📈

🇺🇸 Nasdaq: +1.24% 📈

🇪🇺 Stoxx 600 Index: +0.95% 📈

🇯🇵 Nikkei 225 Index: -1.47% 📉

🇭🇰 Hang Seng Index: -0.36% 📉

🇨🇳 CSI 300 Index: -0.16% 📉

🇸🇬 Strait Times Index: +0.53% 📈

• U.S. stocks rose, with the S&P 500 and Nasdaq up 0.6% and 1.3%, respectively, driven by Microsoft's $Microsoft(MSFT)$ plan to invest $80 billion in AI data centers and better-than-expected Q4 earnings from Foxconn, ahead of remarks by Nvidia's CEO Jensen Huang.

• The Nikkei index dropped -1.5%, as investors remained cautious ahead of the Bank of Japan's interest rate decision amid rising prices.

• Chinese stocks fell, with the Hang Seng $HSI(HSI)$  and CSI 300 $CSI300(000300.SH)$  indices down -0.4% and -0.2%, respectively, as trade tensions between China and the U.S. and uncertainty over stimulus policies weighed on the market, despite a seven-month high in China's service sector activity.

💡 Upcoming Events: 💡

• The U.S. will release ISM Services PMI and JOLTS Job Openings on Tuesday, while the EU will publish annual core inflation rate and unemployment rate.

• Japan's consumer confidence will be announced on Wednesday.

• On Thursday, the U.S. will release FOMC meeting minutes and initial jobless claims, while the EU will publish annual retail sales.

• At the end of the week, U.S. non-farm payrolls, unemployment rate, Michigan University preliminary consumer sentiment index.

💡 Things to Know Today: 💡

1. Nvidia's $NVIDIA Corp(NVDA)$  stock hit a record high on Monday, as CEO Jensen Huang will give a keynote address at the CES in Las Vegas.

CES in Las Vegas

2. Foxconn's $Foxconn Industrial Internet Co.,Ltd.(601138)$  revenue growth was mainly driven by its cloud and networking products, including AI servers, with Nvidia playing a key role, and other components also contributing.

Foxconn

3. China's service sector activity grew at the fastest pace since May, with the Caixin China Services PMI rising to 52.2, indicating stronger domestic demand after Beijing implemented stimulus measures.

China Economy

4. Bank of Japan Governor Kazuo Ueda again reminded bankers that if the economy continues to improve, he will raise the benchmark interest rate this year.

BoJ Governor

5. India urged states to attract more private investment to accelerate the expansion of its transmission network, which is part of a broader effort to modernize the grid and integrate more clean energy.

India Economy

✅ Key Takeaways:

Despite high valuations, the market remains optimistic about tech stocks, suggesting that growth in the sector will increase based on organic earnings growth.

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