📈 Wall Street Tries To Bounce Back

Good Morning! 

It's a new year and things are already heating up in the investing world.

Stock futures are on the rise as Wall Street tries to bounce back from Tuesday's rocky session with some help from positive European inflation data. Meanwhile, the U.S. dollar is taking a break and handing back some of its previous gains from the start of the week. And in the biggest news of the day, Tesla's shares took a tumble on the first day of trading in 2023 due to disappointing vehicle deliveries, while Apple's market capitalisation plummeted $1tn below its peak due to the tech rout.

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Markets

Stock futures rise as Wall Street tries to recover from Tuesday’s rocky session (5 minute read)Wall Street tripped on its first trading days this year, but managed to pick itself back up with a helping hand from some positive European inflation data from France and Germany. The Dow Jones Industrial Average regained its balance with a 111 point jump, while the S&P 500 and Nasdaq-100 regained their footing with 0.5% and 0.7% bounces, respectively

Dollar hands back gains ahead of release of Federal Reserve minutes (4 minute read)The U.S. dollar took a dip this morning after flexing its muscles the day before. The Dollar Index, which measures the U.S. currency's strength against a basket of six other currencies, fell 0.7% this morning, giving back Tuesdays 1% gain. The Fed gave interest rates a little pat on the back with a 50 basis point hike in December, a slower pace than previous meetings, and investors are on the lookout for what these minutes hint as to what policymakers have up their sleeves for the first meeting of the year in February.

European stocks soar; falling German inflation helps tone (2 minute read)European stock markets soared on Tuesday, thanks to some encouraging news about falling German inflation. The DAX index in Germany shot up 1.4%, the CAC 40 in France soared 1.4%, and the FTSE 100 in the U.K. climbed a whopping 2.1% on its first day of trading in the new year. Investors had been feeling a bit anxious about the mixed messages coming from China's opening up and the resurgence of COVID-19 cases, given the importance of the Chinese export market to some of the region's biggest companies. But it looks like a little bit of good news was all it took to turn things around.

Investing

Tesla shares slide on delivery fears as Apple’s value dips below $2tn (5 minute read)Tesla's (TSLA) car deliveries couldn't rev up Wall Street's engines and the tech sector's rough start to the year sent Apple's (AAPL) market value crashing down $1tn from its 2022 peak. Tesla shares stalled the first day of trading in 2023 with a 12.2% drop, while Apple's market value skidded below the $2tn mark, a far cry from when it was the only company to reach a $3tn valuation on the first trading day of 2022.

Web3, the Metaverse and Crypto: Trends to Expect in 2023 and Beyond (9 minute read)Oh boy, talk about a rough end to 2022. The "Crypto Winter" was only made worse by the collapse of FTX and the arrest of its former CEO for fraud. And let's not forget the Terra (Luna) flop, the Voyager and Celsius bankruptcies, and the ripple effect it had on the entire crypto market. All these events really put a damper on people's belief in the value of blockchain technology, Web3, and the economic benefits of cryptocurrency. Merav Ozair explores what investors should look for when exploring crypto in 2023.

Long Term Investing: You Could've Become a Multimillionaire With Just $1,000 Invested in These 2 Stocks (6 minute read)Long-term investing may not be the most thrilling activity, but it's definitely worth the wait. You've just got to have the discipline to see the potential and the patience to let it blossom. Just imagine being one of the lucky early investors in Amazon (AMZN) or Microsoft (MSFT). A modest $1,000 invested in their IPOs would be worth a fortune today. Talk about a life-changing return on your hard-earned cash. Whilst it's not likely you'll be able to invest with a crystal ball like this, the Motley Fool takes a look at the benefits of long-term investing with a deep-dive into these tech giants.

Money

5 Tax Moves To Make in January (5 minute read)Taxes are the last thing you want to add to your to-do list at the start of a new year, right? Wrong! January is actually one of the most critical months for all things tax-related. Some things to consider include making a Prior-Year contribution to your IRA (it's never too late to save for retirement), filing your estimated taxes (better safe than sorry), and increasing your monthly retirement plan contributions (the more the merrier). This article explores some ways you can get ahead and make this next tax season a breeze.

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