Power Breakfast: Strong Q4 GDP Data Boosts US Market For 5th Consecutive Day, Tesla Jumps 11%

After Wednesday's flat action, there was a strong rally in the US market yesterday. The Dow rose for the fifth consecutive day, jumped 200 points to close at the day's high. Tesla jumped 11%. The 10-year bond yield rose above 3.5%. Strong Q4 GDP figures brought action in the market. Q4 GDP rose to 2.9% from the estimate of 2.8%. Consumer spending grew 2.1% which is better than expected. All eyes on Personal Consumption Expenditure Price Index data. The results of American Express, Colgate-Palmolive and Chevron will come.