Stocks are mixed with negative earnings reports, chip stocks up, awaiting FOMC meeting results.

From Nasdaq: 2025-01-29 12:27:10

Stock indexes are mixed today, with the S&P 500 down -0.29%, Dow Jones up +0.07%, and Nasdaq 100 down -0.20%. Negative earnings reports from Danaher, Lennox International, and Packaging Corp are weighing on stocks. Chip stocks, like ASML Holding NV, are up more than +5%. FOMC meeting results awaited.

US MBA mortgage applications fell -2.0% last week, with 30-year fixed rates at 7.02%. Megacap tech companies like Microsoft, Meta Platforms, and Tesla are reporting Q4 earnings. Analysts estimate S&P 500 earnings grew by +7.5% y/y. Markets expect a status quo in FOMC meeting, but keen on Fed’s growth and inflation views.

Overseas markets are up, with Euro Stoxx 50 rising +0.69% and Nikkei Stock 225 up +1.02%. Interest rates are stable, with 10-year T-notes up +5 ticks. European government bond yields are lower. ECB expected to cut rates by 25 bps. German consumer confidence index fell. Eurozone M3 money supply up +3.5% y/y.

Stock movers include Danaher, MSCI Inc, Lennox International, Packaging Corp, Moderna, Datadog, Apple, Manhattan Associates, and chip stocks like ASML Holding NV, Advanced Micro Devices, KLA Corp, Applied Materials, and Micron Technology. T-Mobile US, F5 Inc, Starbucks, Norfolk Southern, Corning, VF Corp, and Henry Schein also saw gains after positive reports.

Earnings reports expected on 1/29/2025 from companies like Ameriprise Financial, ADP, CH Robinson, Corning, Danaher, IBM, Meta Platforms, Microsoft, MSCI Inc, Nasdaq Inc, Tesla, T-Mobile US, Waste Management, and more. Analysts predict a positive Q4 earnings season for S&P 500 companies.



Read more at Nasdaq: Stocks Weaken Ahead of FOMC Meeting Results