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Markets Daily — 14 Jan 2025
Fact of the Day
The iconic Nike swoosh logo was designed by a graphic design student, Carolyn Davidson, in 1971 for just $35. Later, she was given stock options as a token of gratitude—now worth millions.
Market Wrap
Stock markets saw modest gains driven by a lower-than-expected inflation report. The Labor Department revealed a 0.2% rise in the Producer Price Index (PPI) for December, while core wholesale inflation held steady. Small-cap stocks rallied, buoyed by optimism over the potential path for future rates.
Index
Day % Change
S&P 500 (SPX)
0.11%
Nasdaq-100 (NDX)
-0.13%
Dow Jones Industrial (DJI)
0.52%
Russell 2000 (RUT)
1.13%
Magnificent Seven
-1.00%
TopP Small Cap Index1
-
TopP Large Cap Index1
-
TopP Tech Index1
-
Notable Movers
Eli Lilly and Company (LLY)
📉
Day Change: -6.6% | Market Cap: $679.7b
Business Excellence2 :
94
| Valuation2 :
17
Shares fell by 6.6% as the company forecasted lower-than-expected sales for its drugs Zepbound and Mounjaro.
United Rentals, Inc. (URI)
📈
Day Change: 5.9% | Market Cap: $48.3b
Business Excellence2 :
94
| Valuation2 :
43
Stock rose by 5.9% after the company announced a $4.8 billion acquisition of H&E Equipment Services.
Las Vegas Sands Corp. (LVS)
📉
Day Change: -4.0% | Market Cap: $32.2b
Business Excellence2 :
60
| Valuation2 :
64
Shares dropped by 4% following a downgrade from Morgan Stanley, which pointed to limited earnings growth and risks in the Macau and Singapore markets.
Charles River Laboratories Int (CRL)
📉
Day Change: -6.3% | Market Cap: $9.4b
Business Excellence2 :
68
| Valuation2 :
77
Shares fell by 6.6% as the company forecasted lower-than-expected sales for its drugs Zepbound and Mounjaro.
KB Home (KBH)
📈
Day Change: 4.8% | Market Cap: $4.9b
Business Excellence2 :
96
| Valuation2 :
88
The homebuilder's stock increased by 4.8% after reporting better-than-expected profit and sales, driven by a significant rise in deliveries.
H&E Equipment Services, Inc. (HEES)
🚀
Day Change: 105.5% | Market Cap: $3.2b
Business Excellence2 :
71
| Valuation2 :
72
Shares more than doubled following the acquisition announcement by United Rentals.
