Overnight US stocks | The Nasdaq and S&P 500 indexes ended a five-day losing streak, with Tesla, Inc. (TSLA.US) closing up over 8%.

On Friday, the three major indices rose, with the Nasdaq and S&P 500 both ending a five-day losing streak. This week, all three major stock indices recorded declines, with the Dow falling by 0.6%, the S&P 500 falling by 0.48%, and the Nasdaq falling by 0.51%. [US Stocks] At the close, the Dow rose by 339.86 points on Friday, up 0.80% to 42732.13 points; the Nasdaq rose by 340.88 points, up 1.77% to 19621.68 points; the S&P 500 rose by 73.92 points, up 1.26% to 5942.47 points. Tesla, Inc. (TSLA.US) rose by 8.22%, NVIDIA Corporation (NVDA.US) rose by 4.73%, Amazon.com, Inc. (AMZN.US) rose by 1.8%, Alphabet Inc. Class C (GOOGL.US,GOOG.US) rose by 1.25%, Microsoft Corporation (MSFT.US) rose by 1.14%, Meta Platforms (META.US) rose by 0.9%, Apple Inc. (AAPL.US) fell by 0.2%. [European Stocks] The German DAX30 index fell by 96.40 points, down 0.48% to 19907.75 points; the UK FTSE100 index fell by 34.75 points, down 0.42% to 8225.34 points; the French CAC40 index fell by 111.54 points, down 1.51% to 7282.22 points; the Euro Stoxx 50 index fell by 46.63 points, down 0.95% to 4871.25 points; the Spanish IBEX35 index fell by 24.56 points, down 0.21% to 11652.34 points; the Italian FTSE MIB index fell by 253.77 points, down 0.74% to 34121.00 points. [Asia-Pacific Stock Market] The Indonesia Jakarta Composite Index rose by 0.02%, and the South Korea KOSPI Index rose by 1.79%. [Cryptocurrency] Bitcoin rose by over 1.4%, reaching over $98,000; Ethereum rose by 4.7% to $3613.43. [Gold] Spot gold fell by 0.70% to $2639.24 per ounce, with a cumulative increase of 0.72% this week. It had dropped to $2596.19 on December 31 at 00:21 Beijing time, but rose to $2665.29 on January 3 at 11:27. [Oil] WTI crude oil for February delivery rose by $0.83, up 1.13% to $73.96 per barrel, the highest closing price since October 11; Brent crude oil for March delivery rose by $0.58, up 0.76% to $76.51 per barrel, the highest closing price since October 14. [Forex] The ICE US Dollar Index fell by 0.42% to 108.932 points, with a cumulative increase of 0.74% this week, trading between 107.739-109.533 points. The Bloomberg Dollar Index fell by 0.14% to 1312.23 points, with a cumulative increase of 0.73% this week, trading between 1300.63-1316.17 points. The US dollar against the Japanese yen fell by 0.12% to 157.32 yen, with a cumulative decline of 0.37% this week, trading between 158.07-156.02 yen. [Metals] LME Copper futures rose by $74 to $8876 per ton. LME Aluminum futures fell by $36 to $2494 per ton. LME Zinc futures fell by $39 to $2888 per ton. LME Lead futures fell by $12 to $1923 per ton. LME Nickel futures rose by $33 to $15111 per ton. LME Tin futures rose by $551 to $29108 per ton. LME Cobalt futures remained unchanged at $24300 per ton. [Macro News] US December ISM Manufacturing PMI had a slight increase. The US December ISM Manufacturing PMI rose for the second consecutive month in December, with orders and production both rebounding, suggesting that the gloom hanging over the manufacturing sector may be starting to dissipate. According to the output index, the improvement in demand helped achieve the first monthly production increase since May. At the same time, the survey showed that more manufacturers are laying off workers at a faster pace. The December employment index fell to 45.3, down nearly 3 points, the largest drop since July last year. Of the five components that make up the overall PMI index, the other indicators all showed improvement. Timothy Fiore, Chairman of the ISM Manufacturing Business Survey Committee, said, "The improvement in demand, production execution, and enterprise performance in November and December all indicate that layoffs are still continuing but should soon end, and price growth is minimal." Fed Governor Bostic is optimistic about 2025 expectations and believes no need for previous restrictive measures. Fed Governor Bostic said in a prepared speech that he is optimistic about the basic expectations for 2025: "I expect that the upside space for economic growth is greater than the downside." He added that the expectation for economic expansion may be a reason for the recent rebound in business confidence. One of the reasons he is optimistic about the economic outlook is that he believes the momentum in consumer spending growth may continue to support healthy economic growth in the coming months. Bostic said, "As business confidence is high and labor supply is unlikely to continue to grow as strongly as before, the current labor market balance is more likely to move towards hiring rather than layoffs." He also predicted that the recent consumer focus on costs will put pressure on companies to limit price increases, which should continue to suppress inflation. However, he pointed out that the inflation rate has not yet reached the Fed's target of 2%: "We still have more work to do, but we believe that we do not need to take restrictive measures as we did before to complete this task." Fed Governor Kugler is cautious about recent volatile inflation. Fed Governor Adriana Kugler said that the US economy ended 2024 on a good note, and the accompanying "volatile inflation" had been rare in recent years.She hopes to see evidence that inflation is once again on a downward trajectory. "We saw an increase in the first quarter of 2024, and now inflation is rising again," Kugler said in an interview on Friday. "We want to make sure that this is just temporary and not a more lasting phenomenon."Republicans in the United States re-elected Johnson as the Speaker of the House, but there are disagreements within the party. House Speaker Johnson was re-elected on Friday with a narrow margin, highlighting the divisions within the Republican Party in Congress led by President Trump. In the first round of voting that lasted nearly two hours, Johnson seemed to have failed to secure the majority of votes needed to retain his position. However, after extensive negotiations, two Republican opponents changed their stance and decided to support him, with at least one reportedly receiving a phone call from President Trump himself. Johnson ultimately won re-election with the minimum requirement of 218 votes. The Republicans currently have a slim majority of 219-215 in the House. After the vote, Johnson vowed to extend the tax cuts policy that is set to expire this year in 2017, and to reduce regulations. He said, "We will significantly cut the size and scope of the government." Other pressing challenges include addressing the United States' debt problem exceeding $36 trillion, which Congress needs to act on later this year. Stock News Microsoft Corporation (MSFT.US) announced that it will invest $80 billion in AI data centers by the fiscal year 2025. According to reports, Microsoft Corporation stated in a blog post on Friday that it will invest $80 billion in AI data centers by the fiscal year 2025. Brad Smith, Vice Chairman and President of Microsoft Corporation, wrote that over half of the $80 billion spending by Microsoft Corporation will be in the United States. The fiscal year 2025 for Microsoft Corporation will end in June this year. Long flight delays lead to a $2 million fine from the Department of Transportation for JetBlue Airways Corporation (JBLU.US). The U.S. Department of Transportation has imposed a $2 million fine on JetBlue Airways Corporation for long flight delays on four domestic flights in the United States. This is the first time that the Department of Transportation has fined an airline for such prohibited flight scheduling practices. As part of the agreement reached with JetBlue Airways Corporation, the airline will pay a $1 million fine to the Department of Transportation, and the remaining fines will be used to compensate customers affected by their long flight delays or future flights. Japan's Nippon Steel plans to sue over the deal with United States Steel Corporation being blocked. Japan's Nippon Steel reportedly plans to sue over the deal being blocked with United States Steel Corporation; the source of the report was not mentioned. It was reported that Nippon Steel will not oppose Biden's decision itself but is concerned about the "defects" in the CFIUS decision-making process, on which Biden's decision is based. In a joint statement, Nippon Steel and United States Steel Corporation stated that they have "no choice but to take all appropriate actions to protect our legal rights." Major Ratings Truist Securities: Lowered the target price for Tesla, Inc. (TSLA.US) from $360 to $351.