Why are stocks up today

Answer

Stocks are up today due to a combination of factors[4]. For starters, there is renewed interest in a group of highly speculative meme stocks, as well as Bitcoin and Ether's highest levels since August[9]. Markets are also rallying in the face of bad news pushing stocks up across the board[3].

Additionally, the recent release of the Core CPI, which excludes volatile energy and food prices, increased 5[8].7% on an annual basis, marking the lowest increase in the Fed's benchmark rate since March 2022[8]. This, combined with the fact that average returns of all recommendations since inception have been rising, have contributed to the stock market's overall increase today[9].

Last but not least, continued unemployment claims rose to 1[9].71 million, indicating that usage trends have improved from the second quarter to the third, which is a positive development[9]. All of these factors have helped to boost stocks today[9].

Websites

1. https://finance.yahoo.com/topic/stock-market-news/
2. https://www.marketwatch.com/markets
3. https://investorplace.com/2022/10/why-are-stocks-up-today-4/
4. https://www.cnbc.com/2023/01/22/stock-market-futures-open-to-close-news.html
5. https://time.com/nextadvisor/investing/latest-stock-market-news/
6. https://www.cnbc.com/stocks/
7. https://www.reuters.com/markets/us/
8. https://www.kiplinger.com/investing/stocks/stock-market-today-011223-stocks-rise-as-inflation-eases
9. https://www.fool.com/investing/2022/12/29/why-cloud-stocks-atlassian-mongodb-and-crowdstrike/

Relevant Images

Below are images relevant to your question