Meta’s META has just pulled off the most insane winning streak Wall Street has seen in years. As of press time, the tech giant’s stock has risen for 16 straight trading days, making history as the longest rally ever for a Magnificent 7 stock.
META’s share price is now up 17% since January 20, demolishing bears who thought the market was turning against tech during the DeepSeek-inspired massacre that saw trillions of dollars wiped out the stock market in less than a day at one point. Tesla, meanwhile, has tumbled by 28% since Jan. 20, and Apple barely even moved, as you can see in the heatmap below.
Jamie Dimon’s JPMorgan (JPM) plunged by 1.73% over the past twenty-four hours, Warren Buffett’s Berkshire Hathaway also decreased by 0.54%, and Amazon saw an increase of 1.74%. Microsoft’s MSFT has seen a decent increase of 0.6%, Google had 0.61%, and Nvidia surged by 2.87%.
META’s 16-day surge comes as the Nasdaq Composite gained nearly 1% during Monday’s session.
Steel stocks are also on fire after President Donald Trump announced new tariffs. On Sunday, Trump said he was imposing a 25% tariff on imported steel and aluminum, and by Monday evening, he signed the executive order to make it official.
US Steel soared 4.8% during Monday’s session, while Steel Dynamics rose 5%, and Cleveland-Cliffs surged by 18%. Analysts expect more tariff-related volatility in the coming days, with inflation data adding to the uncertainty.
The consumer price index (CPI) data for January will drop on Wednesday, followed by the producer price index (PPI) on Thursday, and both reports will confirm whether Trump’s tariffs on steel and aluminum will push inflation higher.
Gold markets are already reacting, as the commodity hit an all-time high on Monday, closing at $2,934.40 per ounce. The VanEck Gold Miners ETF (GDX) surged by nearly 3% Monday and is now up 17% in the past 30 days. Analysts believe gold would keep climbing if economic and geopolitical uncertainties remain.
Over in the crypto market meanwhile, Bitcoin bulls are still too lazy to pick up steam with buying activity after the correction that followed Trump’s first tariffs on China. BTC has fallen below the cherished $100k mark, stuck around $97k as of press time. Ether was worth $2,673, which just sounds about right, and XRP was at $2.44, according to data from CoinGecko.
