From Nasdaq: 2025-01-29 15:56:22

Stocks are mixed today with the S&P 500 down -0.28%, Dow Jones up +0.16%, and Nasdaq down -0.33%. Chip stocks are up, but negative earnings reports from Packaging Corp, Danaher, and Lennox International are weighing on the market. FOMC kept rates steady, noting elevated inflation. Mortgage applications fell, and earnings season is in full swing.

Overseas markets are higher, with Euro Stoxx 50 up +0.75% and Japan’s Nikkei up +1.02%. Interest rates are slightly higher, with 10-year T-notes up +2 ticks. European government bond yields are lower. Eurozone money supply rose +3.5% y/y, but German consumer confidence fell.

Stock movers include Packaging Corp down -9%, Danaher down -8%, Nvidia down -4%, and Lennox International down -7%. Positive movers include ASML Holding NV up +5%, T-Mobile US up +8%, and F5 Inc up +10%. Analysts estimate S&P 500 earnings grew by +7.5% y/y in Q4.

Chip stocks are climbing today, with ASML Holding NV leading the pack up more than +5%. Other gainers include Advanced Micro Devices, GlobalFoundries, KLA Corp, and Applied Materials. T-Mobile US, F5 Inc, Starbucks, and Henry Schein are also up. Norfolk Southern and Automatic Data Processing report positive earnings.



Read more at Nasdaq: Stocks Slip as FOMC Pauses on Rate Cuts