Trump's first actions and job data to test market in January
After closing the books on a banner year for U.S. stocks, investors expect to ride seasonal momentum into mid-January when a slew of economic data and a transition of power in Washington could send markets moving. The S&P 500 rose almost 27% in 2024 through Dec. 26, while the technology-heavy Nasdaq Composite index <.IXIC >, which surpassed 20,000 for the first time in December, is up 33.4%. November through January is traditionally a strong period in the market, said Michael Rosen, chief investment officer at Angeles Investments.
