From Nasdaq: 2025-02-07 12:26:51

The S&P 500, Dow Jones, and Nasdaq are all up today, with technology stocks leading the way. Expedia Group and Take-Two Interactive Software see significant gains in response to positive Q4 earnings. Amazon and Microchip Technology are down due to weaker outlooks. Bond yields rise after strong US labor market data, impacting stocks negatively.

US nonfarm payrolls for January were weaker than expected, but revisions to December data show a stronger labor market. Average hourly earnings rose more than expected. Hawkish comments from Dallas Fed President Logan suggest a neutral stance on interest rates, affecting stocks and bonds.

Earnings season is in full swing, with Amazon reporting after hours. Analysts estimate a 7.5% y/y growth in S&P 500 earnings for Q4. Markets expect a 10% chance of a rate cut at the next FOMC meeting. Overseas markets are mixed, with European bond yields rising. German industrial production fell, but exports and imports exceeded expectations.

Stock movers include Expedia Group, Take-Two Interactive, Monolithic Power Systems, and Freeport-McMoRan on the upside. Amazon, FMC Corp, and Elf Beauty are down, with Nike and Air Products & Chemicals also seeing losses. Microchip Technology, Skechers USA, and BILL Holdings report lower-than-expected results.

Companies reporting earnings on 2/7/2025 include Cboe Global Markets, FirstEnergy Corp, Fortive Corp, and Kimco Realty Corp. The author does not hold positions in any securities mentioned. All information is for informational purposes only.



Read more at Nasdaq: Stocks Climb on Strong Tech Earnings Despite a Hawkish US Jobs Report