Stocks waver ahead of Big Tech earnings |
Stocks wavered as investors awaited tonight’s post-market earnings from Meta, Microsoft, and Tesla. The S&P 500 finished flat after briefly crossing the 7,000 milestone for the first time ever. Tech helped power the Nasdaq 100 higher, while the Russell 2000 dropped.
The Federal Reserve held its policy rate at a range of 3.5% to 3.75% at its January meeting. The decision to stand pat was effectively universally expected by both prediction markets and economists, as monetary policymakers inserted language into their December statement implying that they would not be in a hurry to reduce rates again and the unemployment rate fell by more than anticipated in December, dipping to 4.4%.
Stocks that moved higher: |
- Seagate Technology Holdings skyrocketed after a solid earnings beat and strong guidance after the bell yesterday.
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Nvidia rose after Reuters reported that China has approved the sale of 400,000 H200 chips to Chinese tech firms.
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Intel jumped amid a report it will play a role in manufacturing Nvidia GPUs in 2028. Additionally, a filing released after the close yesterday showed that Intel’s CFO purchased $250,000 in company stock.
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Micron rose after its rival SK Hynix posted record sales and profits.
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Elevance Health rose after reporting earnings results yesterday that beat Wall Street estimates, but gave a disappointing full-year outlook.
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Texas Instruments soared as Q1 guidance exceeded estimates and its CEO touted it has “a lot of room to go” on industrial recovery.
- F5 Inc. surged after beating Q1 expectations and raising its full-year guidance.
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- Bristol Myers, Gilead, Novartis, Eli Lilly, and AbbVie dipped as the US named a new list of drugs targeted for the next Medicare price negotiations in 2028.
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Carvana tumbled following the circulation of a negative report by short seller Gotham City Research.
- Deutsche Bank dropped as German prosecutors raided its offices as part of money laundering probe reportedly linked to Russian oligarch Roman Abramovich.
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Tesla reported fourth-quarter and full-year 2025 earnings today.
Read more. |
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Buying snarls in AI has so far led to big gains; analysts say semiconductor equipment stocks, known as semicaps, are where things will clog up next. Read more. |
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Microsoft Q2 earnings and revenue beat, but stock falls
The company posted $81.3 billion in revenue for the quarter, topping analysts’ expectations of $80.31 billion. -
More Americans dream of the European idyll. The housing costs are less romantic
In most major cities, living alone no longer adds up, per new analysis from The Economist.
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IBM beats Q4 earnings expectations, stock rises
IBM jumped in after hours trading after posting better than expected Q4 revenue and sales figures. -
Southwest climbs on stronger-than-expected 2026 earnings guidance
Southwest released its fourth-quarter earnings report after the bell today. -
ServiceNow slips despite beating Q4 earnings expectations
The company also announced an AI partnership with Anthropic alongside its financial results.
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Bitcoin is underperforming precious metals now, but experts warn of “short-sighted” view
The debate on investing in digital gold vs. actual gold continues, but it’s helpful to put each one’s performance in context.
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Amazon cuts another 16,000 roles after laying off 14,000 workers in October
Amazon says broad reductions every few months are “not our plan.”
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Paramount+ wants to look a lot more like TikTok, leaked documents reveal
Paramount’s apparent plans mirror short-form, TikTok-esque pushes by Disney and Netflix.
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Yale, like other elite colleges, is expanding its financial aid program
However, like other elite colleges, it’s still a lot more difficult to get into than in previous years.
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Ripple launches treasury platform to manage cash and cryptocurrencies
The new treasury platform is Ripple’s latest move in increasing its presence in the regulated financial industry.
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