President Donald Trump told global leaders at the World Economic Forum in Davos on Wednesday that the Dow Jones Industrial Average, as tracked by the SPDR Dow Jones Industrial Average ETF (NYSE:DIA) , is headed for 50,000, adding that the stock market could double “in a relatively short period of time.”Trump Dismisses Recent Market Decline As “Peanuts”Speaking at the annual gathering of business and political leaders, Trump downplayed Tuesday’s selloff. The “stock market took the first dip yesterday because ...

Rising price chart overlays oil rigs and a refinery, highlighting strong momentum in energy stocks. Key Points Energy stocks surged on Monday, Jan. 5, as markets reacted to renewed focus on Venezuela’s oil industry and U.S. policy direction. The energy sector ETF, XLE, is pressing against a multi-year resistance level, with a breakout edging closer.  Exxon and Chevron, the two largest U.S. energy companies, are near key technical levels and remain the sector’s primary leaders and potential beneficiarie ...

Market Performance - All three major U.S. equity benchmarks, including the S&P 500, Nasdaq 100, and Dow Jones, reached record highs as investors favored risk assets amid expectations of falling interest rates [1][2] - The S&P 500 rose 0.8% to 6,585.53, the Nasdaq 100 increased 0.7% to 24,012.41, and the Dow Jones jumped 1.3% to 46,087.94 [2][7] - The Vanguard S&P 500 ETF increased by 0.8% to $604.49, while the SPDR Dow Jones Industrial Average rose 1.2% to $461.58 [7] Sector Performance - All 11 S&P sectors experienced gains, with consumer discretionary, materials, and financials leading the way [3] - The Consumer Discretionary Select Sector SPDR Fund outperformed, increasing by 1.3%, while the Energy Select Sector SPDR Fund lagged with a 0.1% rise [7] Company Performance - Top gainers in the S&P 500 included Synopsys, Inc. (+11.11%), Centene Corporation (+10.66%), and Micron Technology, Inc. (+9.57%) [8] - Notable losers included Delta Air Lines, Inc. (-4.30%), Oracle Corporation (-3.38%), and Netflix, Inc. (-2.83%) [9]