Stock indexes up on strong tech earnings, mixed US economic news, and positive overseas markets

From Nasdaq: 2025-01-30 15:16:49

Stock indexes are up today, with the S&P 500, Dow Jones, and Nasdaq all showing gains. Strong technology earnings reports are boosting the market, with IBM, Lam Research, and Meta Platforms leading the way. However, Microsoft and United Parcel Service are down on disappointing results and forecasts.

US economic news is mixed, with Q4 GDP growth below expectations but weekly jobless claims falling more than expected. Earnings season continues with analysts estimating a 7.5% y/y growth in S&P 500 earnings for Q4.

Overseas markets are higher, with Euro Stoxx 50 and Japan’s Nikkei up. Interest rates are up for March 10-year T-notes, while European government bond yields are moving lower.

Eurozone economic confidence rose, but Q4 GDP growth was weaker than expected. The ECB cut the deposit facility rate by -25 bp, citing ongoing economic challenges but expressing optimism for recovery.

US stock movers include IBM, Las Vegas Sands, and Lam Research leading gainers, while Microsoft, UPS, and ServiceNow are among the losers. Tesla announces plans for robotaxi operations.

Earnings reports from various companies are expected today, including Apple, Intel, and Mastercard. The market is discounting a 17% chance of a -25 bp rate cut at the next FOMC meeting.



Read more at Nasdaq: Stocks Supported by Earnings News