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The Weekend Rip: January 19, 2025
What you need to know for the week ahead.
OVERVIEW
The Weekend Rip: January 19, 2025
Source: Tenor.com
The Biden administration’s final week in office saw green spread across the stock market. Optimism about inflation’s path and what Trump’s inauguration speech could reveal for the economy and markets helped fuel the rally. 👍️
Let's recap and prep you for another shortened week ahead. (P.S. apologies for the delayed delivery, we faced some technical difficulties this weekend.) 📝
What Happened?
😐️ On Monday, markets kicked off the week with mixed performance, with the Dow Jones outperforming and quantum stocks selling off. It was a big day for healthcare stocks following Medicare updates, retail stocks moved based on holiday shopping updates, and Daily Rip Live hosts were joined by special guest Alex King.
🌡️ On Tuesday, cool producer prices allowed bulls to move forward cautiously ahead of the consumer price index release. Battleground quantum computing stocks caught a bid, the Stocktwits community revealed its top 2025 picks, and the “Trends With Friends” crew was joined by special guest Josh Mohrer.
🥳 On Wednesday, a CPI surprise brought the bears’ demise. Cooler consumer prices gave bulls the green light, Hindenburg Research hung up its cleats, and it was a major day for crypto on Stocktwits as Ripple hit new all-time highs.
🍎 On Thursday, Apple’s weakness dragged the broader market lower. Taiwan Semiconductor surged, helping boost the entire semiconductor space. Plus, expert technical analyst Brian Shannon analyzed the Stocktwits community’s top picks.
💚 On Friday, stocks closed the market out deeply in the green. Intel became the latest tech trade amid takeover talks, TikTok’s time was almost up, and JPMorgan Chase hit a new all-time high as financials kicked off a new earnings season on a positive note.
🤩 This week's Stocktwits Top 25 posted mixed performance relative to the indexes.
Here are the closing prices:
S&P 500 | 5,997 | +2.91% |
Nasdaq | 19,630 | +2.45% |
Russell 2000 | 2,276 | +3.96% |
Dow Jones | 43,488 | +3.69% |
Bullets From The Weekend 📰
💒 TikTok is restoring service in the U.S. Less than 12 hours after going dark in the U.S., the short-form video-sharing app is back online. President Trump’s final decision regarding the ban on that app remains to be seen. Still, he’s promised to use an executive order on his first day in office to pause the federal ban and allow ByteDance a 90-day extension if it has a viable sale underway. As a result, TikTok and its service providers have enough comfort to bring the app back online as the details are sorted. TechCrunch has more.
🤝 Wine sales are drying up as Americans’ habits shift. U.S. wine sales fell 6% YoY in 2023 according to industry data group SipSource, the latest dip in a long-term decline that some call an “existential threat” to the industry.” Wine isn’t the only alcoholic beverage suffering, with NIQ data showing sales for beer, cider, and spirits have also fallen, though not as much as wine. “The baby boom generation embraced wine. We imagined that generations that followed would keep doing that, but they haven’t.” More from NBC News.
🚚 Trust in institutions continues to decline. The 2025 Edelman Trust Barometer shows that roughly 70% of the 32,000 adults surveyed globally believe that government officials, business leaders, and journalists deliberately mislead them by saying things they have known are false or gross exaggerations. Notably, while overall trust in institutions falls, “my employer” remains the most trusted choice. Axios has more.
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