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Stock Market Today: S&P 500, Dow, and Nasdaq Fall Following Weak Economic Data and Reduced Rate Cut Bets

Here’s a summary of the news articles from January 7, 2025:

  1. Nvidia rallies after CEO unveils AI superchip, robotics tech at CES: Nvidia (NVDA) stock rose as much as 2.5% in premarket trading following CEO Jensen Huang’s keynote at the tech industry’s annual CES trade show in Las Vegas.
  2. Stocks open higher: US stocks edged higher on Tuesday, with the benchmark S&P 500 (^GSPC) inching up 0.3%.
  3. Job openings increase more than expected in November: New data from the Bureau of Labor Statistics showed that 8.1 million jobs were open at the end of November, an increase from the 7.84 million in October.
  4. ISM Services Index (December) and Job openings (November): The ISM Services Index will be released on December, and job openings data for November will also be released today.
  5. Nvidia’s CEO Jensen Huang unveils AI superchip, robotics tech at CES: Huang’s presentation gave a flurry of updates on upcoming Nvidia products that preview what’s next in the burgeoning artificial intelligence market and other emerging technologies.

Additionally, there are some earnings announcements scheduled for today:

  1. Cal-Maine Foods (CALM): The company will release its quarterly earnings report today.

Some other news articles from January 7, 2025 include:

  1. CATL’s outsized share of world’s EV cell market highlights risks: CATL’s dominance in the electric vehicle battery market has raised concerns about the company’s ability to meet growing demand.
  2. Shutterstock and Getty Images will join to become a $3.7 billion visual content company: The two companies have agreed to merge, creating one of the largest visual content providers in the world.
  3. Why Disney was willing to pay up for Fubo in its quest to launch a new sports streamer: Disney has acquired a majority stake in Fubo, a streaming service that offers live sports and news.
  4. Meta elects UFC CEO Dana White, two others to board: Meta has elected three new members to its board of directors, including UFC CEO Dana White.
  5. Which US companies are pulling back on diversity initiatives?: Some US companies have announced plans to scale back or eliminate their diversity initiatives in response to changing market conditions.