Stocks are up as Trump eases tariff stance, mixed market with negative earnings dragging some stocks

From Nasdaq: 2025-01-24 11:58:57

The S&P 500, Dow Jones, and Nasdaq are mixed today. Stocks are up on Trump’s softened tariff stance. Negative earnings from Texas Instruments, American Express, and CSX are dragging down some stocks. Earnings season is in full swing, with analysts expecting S&P 500 earnings to grow by 7.5% y/y in Q4. Bonds are steady amid Trump’s tariff comments. European government bond yields are rising. Eurozone PMI data beat expectations. ECB is expected to cut rates by 25 bp. Overseas stock markets are mixed. Twilio, Affirm, Moderna, Middleby, and Meta Platforms are up, while Verizon, Oshkosh, and chip stocks like Texas Instruments are down. CF Industries Holdings, Intuitive Surgical, CSX, and Airbnb are also down. American Express, AutoNation, and more are facing losses. Earnings reports from American Express, Crown Castle, HCA Healthcare, NextEra Energy, and Verizon are due on 1/24/2025.



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