Fed keeps interest rates steady, market dips, mixed earnings reports from MSFT, TSLA, Meta, IBM, and ServiceNow.

From Nasdaq: 2025-01-29 18:03:00

Market indexes dipped after the Fed kept interest rates steady at +4.25-4.50%, citing stable economic conditions. Powell praised inflation nearing +2% and stabilized unemployment. Microsoft beat earnings estimates, but Azure growth slowed. Tesla missed Q4 earnings, but outlook boosted shares. IBM soared +12% on Q4 beats. ServiceNow beat estimates but fell on lower guidance. Meta exceeded earnings expectations but fell on weak Q1 guidance.

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Read more at Nasdaq: Fed Holds Steady, Big Earnings Afternoon: MSFT, TSLA, META & More