Here’s what’s happening in the stock market today:
The stock market shows modest gains today amid optimism following a weaker-than-expected December jobs report and anticipation of a Supreme Court ruling on tariffs. 📈📊 U.S. futures edged higher early, with S&P 500 and Nasdaq futures up around 0.2-0.4%, while major indices remain on track for strong yearly performance despite slight pullbacks in tech yesterday.
Major Indices Performance 📊
S&P 500 rose to around 6,935 points, gaining 0.20% today and up 19% year-over-year.
Dow Jones futures added 0.3%, building on yesterday's 0.6% advance to near 49,000.
Nasdaq Composite dipped 0.4% Thursday due to tech declines but futures point to a rebound.
Market Movers 🚀
Enliven Therapeutics (ELVN) surged 50.91% to $23.33 on high volume.
Neogen Corp (NEOG) climbed 30.01% to $9.60, and MoonLake Immunotherapeutics (MLTX) rose 27.30%.
Kratos Defense & Security (KTOS) gained 14.24% amid defense sector strength post-Trump comments.
Notable decliners include Ciena Corp (CIEN) down 14.21% and Acuity Inc (AYI) off 13.66%.
Key Events Driving the Market 🗞️
December nonfarm payrolls added just 50,000 jobs, below expectations, with unemployment at 4.4%, easing Fed rate cut concerns.
Supreme Court may rule today on Trump's tariffs, potentially impacting trade stocks after nearly a year of uncertainty.
President Trump meets oil executives on Venezuela strategy, while pushing $200B in mortgage-backed securities.
Investor Sentiment 👀
Markets reflect balanced caution and optimism, with futures extending gains post-jobs data but eyes on tariffs and Fed chair news. 🐂⚖️ Trading volume stays subdued as investors weigh policy shifts under Trump.
TRADE OF THE DAY:
FTAI
Name: Fortress Transportation and Infrastructure Investors LLC (FTAI Aviation Ltd.)
Symbol: FTAI
Current Price: Approximately $247.08 (latest market quote)
Trade
Sell to Open: 1 FTAI Jan 23, 2026 222.5/217.5 Put Vertical
Total Credit Received: $62.00
Credit per Contract: $62.00
Direction: Bullish (expects FTAI to stay above the break-even)
Probability of Profit (PoP): 84.48%
Potential ROI:
Max Risk (Loss): $438.00
ROI: ($62.00 ÷ $438.00) × 100 ≈ 14.2%
Trade Explained in Simple English:
You sold a put vertical spread by selling the 222.5 strike put and buying the 217.5 strike put expiring January 23, 2026, receiving $62.00 upfront. This bullish strategy profits if FTAI stays above about $221.88 by expiration. Your maximum potential loss of $438.00 occurs if FTAI closes at or below 217.5, while your upside is capped at the $62.00 credit received.
Wall Street Highlights:
News Beyond the Numbers
President Trump directed Fannie Mae and Freddie Mac to purchase up to $200 billion in mortgage-backed securities to lower mortgage rates and improve housing affordability amid rising costs. Read more.
Rio Tinto Group restarted merger talks with Glencore Plc, potentially creating the world's largest mining company valued over $200 billion through an all-share takeover. Read more.
Meta Platforms secured multi-gigawatt nuclear power deals with Vistra, TerraPower, and Oklo to fuel its AI data centers, positioning it as the top hyperscaler buyer of nuclear energy. Read more.
General Motors announced nearly $6 billion in charges for the fourth quarter due to sputtering electric vehicle sales and weak U.S. demand. Read more.
Pharma companies are ramping up deals as the industry overcomes initial anxieties related to Trump administration policies. Read more.
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