US PRE MARKET
The S&P 500 Futures is trading at 3,333.62 up with +0.23% percent or +7.62 point. Other U.S. stock futures higher in pre-market trading for Jan 24.The Dow Futures is trading at 29,196.50 up with +0.24% percent or +69.50 point.The Nasdaq Futures is trading at 9,278.62 up with +0.33% percent or +30.37 point.
FRIDAY’S FACTORS AND EVENTS
Wall Street has also been distracted by red-hot Tesla TSLA, +0.46% shares, up 12% this week. The stock has now more than doubled over three months. While some warn of nosebleed territory, consumer advocate Ralph Nader said Tesla could end up triggering a market crash.
To be sure, other stocks may be getting far less attention, which brings us to our call of the day from Wedbush analyst Dan Ives who has bumped his Apple AAPL, +0.48% share price target to $400 from $350. He says Wall Street is underestimating a renaissance for the iPhone maker, and the “magnitude of the 5G upgrade cycle.”
THURSDAY’S ACTIVITY
For the day the Dow is trading at 29,160.09 with a loss of –0.090% percent or –26.18 point. The S&P 500 is trading at 3,325.54 up with +0.11% percent or +3.79 point. The Nasdaq Composite is trading at 9,402.48 up with +0.20% percent or +18.71 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,685.01 up with +0.03% percent or +0.55 point; the S&P 600 Small-Cap Index closed at 1,031.47 up with +0.19% percent or +point; the S&P 400 Mid-Cap Index closed at 2,086.86 up with +0.21% percent or +4.34 point; the S&P 100 Index closed at 1,487.22 up with +0.035% percent or +0.52 point; the Russell 3000 Index closed at 1,947.13 up with 0.11% percent or +2.10 point; the Russell 1000 Index closed at 1,838.35 up with +0.11% or +2.07 point.