Stocks Rally Ahead of Big Tech Earnings; Dow Notches 6th Record High of 2023
• Dow scores 6th record close of 2024, extending rally as Treasury updates funding needs • Stocks rally on news of lower Treasury borrowing expected in Q1 and ahead of big tech earnings • Microsoft, Apple, Alphabet, Amazon and Meta to report earnings in make-or-break week • SoFi posts first ever profit on surging lending, shares jump 20% • Tesla expects capital spending to top $10 billion in 2024 and $8-10 billion for next 2 years