Stocks closed lower due to negative earnings results from Texas Instruments, American Express, and CSX Corp

From Nasdaq: 2025-01-24 13:27:34

Stocks closed lower today as the S&P 500, Dow Jones, and Nasdaq 100 all saw declines. Negative earnings results from Texas Instruments, American Express, and CSX Corp contributed to the downward trend. President Trump’s comments on tariffs also influenced market sentiment. Interest rates were up, and European bond yields rose. Overseas markets were mixed.

Earnings season continues with S&P 500 companies reporting a +7.5% y/y growth in Q4 earnings. Swaps predict a 97% chance of an ECB rate cut. Eurozone PMI data showed improvement. Chip stocks like Texas Instruments and Analog Devices experienced losses. Other movers include CF Industries, Intuitive Surgical, and Mohawk Industries. Twilio and Middleby Corp saw gains, while Meta Platforms and Verizon Communications reported positive results. United Airlines and Tapestry also saw increases.



Read more at Nasdaq: Stocks Erase Early Gains on Some Negative Earnings Results