Positive

From Nasdaq: 2025-01-30 18:11:00

Market indexes were volatile today as news of +25% tariffs on Canada and Mexico caused concern, but a late-session rally kept losses at bay. The Dow rose by +0.38%, S&P 500 by +0.53%, Nasdaq by +0.23%, and Russell 2000 by +0.87%, with all indexes positive from recent lows.

In earnings news, Apple (AAPL) beat expectations with earnings of $2.40 per share on revenues of $124.3 billion, although iPhone sales fell short. Intel (INTC) reversed a losing streak with earnings of 13 cents per share, and Visa (V) exceeded estimates with earnings of $2.75 per share.

Deckers (DECK), parent company of Ugg, also posted strong earnings, beating estimates with earnings of $3.00 per share on revenues of $1.83 billion. Full-year guidance was raised, with revenue guidance in-line with estimates, leading to positive market sentiment.

Looking ahead, the focus shifts to the Personal Consumption Expenditures (PCE) report tomorrow, which is expected to show an increase in inflation growth. Core PCE year over year is forecasted to remain flat at +2.8%, which will be closely watched by investors for implications on future Fed policy decisions.



Read more at Nasdaq: Markets Modestly in the Green Ahead of Earnings for AAPL, INTC, V & More