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Your daily horoscope: January 14, 2025

  HOROSCOPES IF TODAY IS YOUR BIRTHDAY If your current way of working does not seem to be taking you closer to your goals then ditch it completely and start over. New technologies such as artificial intelligence could help you immensely this year, IF you have the intelligence to use them wisely. ARIES (March 21 - April 20): There is a lot of pressure building up in your life at the moment but that’s okay because you thrive on being challenged. When the going gets tough Aries is the first sign to get tough in return and today will be no exception. TAURUS (April 21 - May 21): You may be in two minds about what direction you should be taking but what occurs over the next 24 hours will point the way and all you have to do is follow the lead that the universe gives you. Get past your doubts and get moving. GEMINI (May 22 - June 21): If you start something new today it will take up a lot more time and energy than you expected, so think about it carefully and make sure you will be able to...
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Tech Stocks Rally as Powell Reinforces Fed Caution



US stocks surged today, with technology companies leading the way. Investors closely followed Federal Reserve Chair Jerome Powell’s testimony, where he reiterated that interest rate cuts are still likely this year. Here are the key highlights:

  1. Tech Rebound: The tech-heavy Nasdaq Composite (NASDAQ: IXIC) bounced back by about 1% after a sharp slide in stocks on Tuesday. Investors welcomed this recovery.

  2. Powell’s Stance: Powell’s prepared testimony indicated that rate cuts are likely to be warranted “at some point” in 2024. Investors eagerly await further clarity during his two-day testimony before Congress.

  3. Individual Stocks: CrowdStrike (NASDAQ: CRWD) shares continued their post-earnings rally, surging over 18%. The cybersecurity company’s positive outlook signaled robust demand in the sector. Other cybersecurity stocks, including Zscaler (NASDAQ: ZS), also gained.

  4. Goldman Sachs’ Outlook: Economists at Goldman Sachs predict that 2024 will be the year of rate cuts globally. Central banks in developed markets are expected to cut rates for at least three consecutive meetings, starting in June.

In summary, Powell’s cautious stance and positive economic data have contributed to today’s market rally. Investors remain attentive to any deviations from the Fed’s message regarding interest rates. As we navigate these uncertain times, tech stocks continue to play a pivotal role in shaping market sentiment.


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