Dow Jumps 250+ to Start Last Full Week of January

Stocks rose Monday as investors contemplated a potential slowdown in rate hikes from the Federal Reserve and braced for a busy week of earnings.

The Dow Jones Industrials climbed 254.07 points to 33,629.56.

The S&P 500 gained 47.2 points, or 1.2%, to 4,019.81.

The NASDAQ Composite leaped 223.98 points, or 2%, to 11,364.41.

Shares of Tesla and Apple gained on hopes that a reopening in China would boost their businesses. Both big tech names recently grappled with temporary shutdowns and blows to production as the country dealt with surging COVID-19 cases.

Investors weighed the possibility that the Fed is preparing to slow the pace of its inflation-fighting rate hikes. Economic data released last week showed a decline in wholesale prices and retail sales, along with commentary from central bank officials, seemed to signal a slowdown.

Remarks from Fed Governor Christopher Waller Friday seeming to favor a quarter percentage point rate … Read more

Potential $1 Trillion Space Travel Could Provide Big Thrust for these Top Stocks

Space tourism stocks are ready for take-off. Should all go well, the industry could be worth up to $800 billion by 2030, says UBS, as reported by Forbes. By 2040, the industry could be worth $1 trillion, added Morgan Stanley. Plus, there’s already a good deal of pent-up demand. According to analysts at Cowen, 39% of people with a net worth of more than $5 million are already interested in paying at least $250,000 for a flight, says CNBC. Even billionaire-run companies, like Amazon (NASDAQ: AMZN), Tesla (NASDAQ: TSLA) CEO Elon Musk’s SpaceX, Virgin Galactic (NYSE: SPCE) are ready for lift-off. Even companies, like Maxar Technologies (NYSE: MAXR) (TSX: MAXR), and Maritime Launch Services Inc. (NEO: MAXQ) (OTCQB: MAXQF) are gearing up for big launches of their own.

Look at Maritime Launch Services Inc. (NEO: MAXQ) (OTCQB: MAXQF), For Example

Maritime Launch Services Inc., owner and operator of Canada’s first … Read more