Stocks closed higher with tech stocks leading the rally, positive earnings reported

From Nasdaq: 2025-01-28 18:29:32

Stocks closed higher on Tuesday, with the S&P 500 up +0.92%, Dow Jones up +0.31%, and Nasdaq 100 up +1.59%. Megacap tech stocks led the rally, with positive earnings from Royal Caribbean and Invesco boosting sentiment. GM and Lockheed Martin fell on tariff concerns. President Trump’s tariff comments impacted markets, while economic data was mixed. The FOMC is expected to keep rates steady. Earnings season is in full swing, with analysts forecasting strong Q4 results. Overseas markets closed mixed, with bond yields rising. Tech stocks like Nvidia and Apple surged, while software companies benefited from China’s AI startup news. Cruise operators also rallied, led by Royal Caribbean’s strong forecast. Several companies reported positive earnings, including Invesco, Ciena Corp, and Autodesk. On the downside, General Motors, Synchrony Financial, and chip stocks like Texas Instruments and Micron Technology fell. Polaris and Sysco also reported weaker outlooks. Many companies are scheduled to report earnings on 1/29/2025.



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