US Stocks Kick Off 2025 On A Positive Note; Cryptocurrencies Rally As Analysts Eye Blue-Chip Momentum; GameStop Soars Premarket With Roaring Kitty's Viral Comeback- Top Headlines Today While US Slept

As the US stock market kicked off 2025, investors woke up to a positive note, with cryptocurrencies rallying and analysts eyeing blue-chip momentum. GameStop (GME) soared in premarket trading, fueled by Roaring Kitty's viral comeback. Let's dive into the top headlines while the US slept.

Roaring Kitty, aka Keith Gill, returned to social media in 2024 after a three-year hiatus, sparking a massive rally in cryptocurrencies tied to his persona. A post featuring a GIF of Dave Chappelle impersonating Rick James sent the crypto market into a frenzy. Solana (CRYPTO: SOL)-based meme coin GmeStop (GME) spiked over 13%, while BNB Chain (CRYPTO: BNB)-based GameStop Coin (GME) exploded 328%. Even Solana-based Kitty AI rallied over 6% in the 24-hour period. This rally highlights the power of social media influencers in driving market momentum and the growing interest in meme coins and cryptocurrencies.



Wall Street Stories of 2024 Likely to Stay Hot in 2025: Key Picks

Just a couple of trading days are left to end 2024, and Wall Street is on a historic rally, buoyed by the artificial intelligence (AI) craze and rate-cut optimism. The tech-heavy Nasdaq Composite Index led the charge, rising 31.4% in 2024. The S&P 500 and the Dow Jones are up 25.2% and 14.1%, respectively, and are on track for the best year since 2021.

Analysts expect stocks to post another year of gains in 2025, driven by corporate earnings growth. The gap between the Magnificent Seven (blue-chip stocks) and the rest of the market is expected to narrow as more companies reap the benefits of artificial intelligence. Small-cap and mid-cap stocks could also perform well in the year ahead thanks to lower interest rates and an easier regulatory environment under incoming President Donald Trump.

However, market volatility could increase after Trump returns to the White House, given uncertainty about how his policy approach could affect the economy. Stocks just had a banner year, and Wall Street's optimistic that U.S equities will continue to rise in 2025.

Are Consumer Discretionary Stocks Lagging GameStop (GME) This Year?

Consumer discretionary stocks, including GameStop (GME), have been performing well in 2024, driven by a steady and above-trend pace of US growth. The consumer discretionary sector is expected to continue to outperform in 2025, supported by a positive economic outlook and strong consumer confidence.

GameStop's strong brand recognition, extensive retail network, and digital transformation efforts have contributed to its solid performance. The company's focus on gaming accessories, collectibles, and digital assets, as well as its expansion into the digital asset wallet and NFT marketplace, has positioned it well in the rapidly evolving gaming and entertainment landscape.

In conclusion, the US stock market kicked off 2025 on a positive note, with cryptocurrencies rallying and analysts eyeing blue-chip momentum. GameStop soared in premarket trading, fueled by Roaring Kitty's viral comeback. As investors navigate the new year, they should stay informed about market trends, regulatory environments, and government policies to make informed investment decisions.