This week, the Federal Reserve upgraded its assessment of the economy and recognized signs of stabilization in the labor market. President Trump announced the nomination of Kevin Warsh for Fed Chair. Mega-cap earnings were strong with META, MSFT, and TSLA all beating expectations. Despite this, META gained 10%, while MSFT lost 10%.

Next week, major events to watch include January nonfarm payrolls on Friday, GOOG and AMZN Q4 earnings, December JOLTS, and ISM Manufacturing and Services PMI.

Read more at Nasdaq: Weekly Chartstopper: January 30, 2026