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Wall Street saw a strong preference for small and mid-cap equities, with the Russell 2000 index leading the market as investors bet on more domestic-friendly policies following Donald Trump's inauguration on Jan. 20 as <a href="https://www.benzinga.com/topic/donald-trump">the 47th U.S. president.</a>



The Russell 2000 rallied 1.7%, while other large-cap indices trailed behind. The Dow Jones, composed of non-tech blue-chip companies, rose by 1.2%, while both the S&amp;P 500 and the Nasdaq 100 edged up 0.9%.



Most sectors traded higher, except for energy. The announcement of a national energy emergency raised concerns about a fossil fuel oversupply, sending oil prices down more than 2%. WTI crude dropped to $72.10 per barrel.



In the Treasury market, yields fell as investors appeared convinced by Trump's pledges on inflation control and lower federal spending. The 10-year Treasury yield declined by five basis points to 4.58%.



One of the session's most notable moves came from Apple Inc. AAPL, which plunged 4.3%, marking its worst trading day since early August 2024. The decline followed a downgrade by Jefferies, citing challenges in iPhone sales in China.



In commodities, gold climbed 1.2% to a two-month high, aiming for its ninth gain in the past eleven sessions, supported by lower Treasury yields. In the crypto space, Bitcoin BTC/USD rebounded 3% to $106,000 after briefly touching $100,000 overnight amid the absence of crypto-related remarks from Trump on his first day in office.



<h1 class="wp-block-heading">Tuesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>



<figure class="wp-block-table is-style-stripes"><table><tbody><tr><td>Major Indices</td><td>Price</td><td>%</td></tr><tr><td>Russell 2000</td><td>2,314.89</td><td>1.7%</td></tr><tr><td>Dow Jones</td><td>43,995.44</td><td>1.2%</td></tr><tr><td>S&amp;P 500</td><td>6,053.00</td><td>0.9%</td></tr><tr><td>Nasdaq 100</td><td>21,630.38</td><td>0.9%</td></tr></tbody></table><figcaption class="wp-element-caption">Updated at 1:20 p.m. ET</figcaption></figure>



According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent012125&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:



<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;SPY rose 0.9% to $602.64.</li>



<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;DIA&nbsp;rose 1.1% to $439.55.</li>



<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;QQQ edged 0.8% higher to $525.61.</li>



<li>The&nbsp;iShares Russell 2000 ETF&nbsp;IWM rose 1.8% to $229.50.</li>



<li>The&nbsp;Industrials Select Sector SPDR Fund XLI outperformed, up 2%; the&nbsp;Energy Select Sector SPDR Fund&nbsp;XLE lagged, down 0.3%.</li>
</ul>



<h1 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h1>



<ul>
<li>Charles Schwab Corp. SCHW rallied 4.7%, eyeing the strongest session in over two months, after reporting stronger-than-expected quarterly results. </li>



<li>Other stocks reacting to earnings included Prologis Inc. PLD, up 6.4%; 3M Company MMM, up 5.5%; DR Horton Inc. DHI, down 0.4%; KeyCorp KEY, down nearly 5% and Fifth Third Bancorp FITB, up 0.4%.</li>



<li>General Motors Co. GM soared by nearly 6% after Deutsche Bank upgraded the stock from Hold to Buy, and raised the price target from $56 to $60.</li>



<li>Companies slated to report earnings after the close include Netflix Inc. NFLX, Interactive Brokers Group Inc. IBKR, Capital One Financial Corp. COF and United Airlines Holdings Inc UAL</li>
</ul>



Read Now:



<ul>
<li><a href="https://www.benzinga.com/25/01/43103527/mexican-peso-canadian-dollar-slide-as-trump-threatens-25-tariffs-expert-eyes-price-hikes-on-typical-us-breakfast">Mexican Peso, Canadian Dollar Slide As Trump Threatens 25% Tariffs, Economist Eyes Price Hikes On &#8216;Typical US Breakfast&#8217;</a></li>
</ul>



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Wall Street saw a strong preference for small and mid-cap equities, with the Russell 2000 index leading the market as investors bet on more domestic-friendly policies following Donald Trump's inauguration on Jan. 20 as the 47th U.S. president.

Small Caps Soar, Apple Slips, Treasury Yields Fall On Trump Day 2: What's Driving Markets Tuesday? - Apple (NASDAQ:AAPL)

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Charles Schwab

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KeyCorp

Wall Street saw a strong preference for small and mid-cap equities, with the Russell 2000 index leading the market as investors bet on more domestic-friendly policies following Donald Trump's inauguration on Jan. 20 as <a href="https://www.benzinga.com/topic/donald-trump">the 47th U.S. president.</a>

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Small Caps Soar, Apple Slips, Treasury Yields Fall On Trump Day 2: What's Driving Markets Tuesday?

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