Stocks closed higher on strong earnings and positive economic outlook

From Nasdaq: 2025-01-30 19:04:48

Stock indexes closed higher on Thursday, with the S&P 500 up +0.53%, Dow Jones up +0.38%, and Nasdaq 100 up +0.45%. Strong corporate earnings boosted stocks, with IBM, Lam Research, and Thermo Fisher posting gains. US Q4 GDP grew +2.3%, while pending home sales declined. Unemployment claims fell, but Microsoft and UPS reported lower results. President Trump’s tariff threats affected market sentiment. Overseas markets rose, with Euro Stoxx 50 hitting a 24-year high. ECB cuts rates by -25 bp. US T-notes rally. In earnings news, IBM, Las Vegas Sands, and Lam Research had positive outcomes, while Microsoft, UPS, and others reported lower results. Tesla plans robotaxi operations. ECB President Lagarde remains optimistic about the Eurozone’s recovery. US stock movers included IBM, Las Vegas Sands, and Lam Research on the upside, while Microsoft, UPS, and others saw declines. Earnings reports for various companies were released on January 31.



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