Strong ADP Jobs Report in January, Walt Disney Co. posts better-than-expected Q1 results.

From Nasdaq

February 5, 2025 10:29:00 AM:

In the stock market, the ADP Jobs Report for January shows +183K new private-sector jobs, beating expectations. Customer-facing jobs outperformed goods-producing jobs, with Trade/Transportation/Utilities leading the way. However, Manufacturing lost -13K positions. The U.S. Trade Deficit for December deepened to -$98.4 billion, with Imports down -2.6% and Exports up +3.5%.

The Walt Disney Co. posted stronger-than-expected Q1 results, with earnings of $1.76 per share, surpassing the $1.44 estimate. Revenues of $24.69 billion marginally beat expectations. Disney shares rose +1.5% on the news. Meanwhile, today, Qualcomm will report quarterly results, with expected gains of +6.55% for its fiscal Q1.

Looking ahead, the final S&P Services PMI and ISM Services for January are expected to show growth. After today’s close, Qualcomm, Ford, Arm Holdings, and MicroStrategy will be among the companies reporting earnings. Disney’s strong performance in Q1 signals a positive start to the year for the entertainment giant.

Read more at Nasdaq: ADP Jobs Report Strong in January; Q4 Earnings Roll Along