Wall Street Mixed as Earnings Weigh on Dow, While S&P 500 and Nasdaq Hold Gains
Market Overview
Wall Street saw a mixed session on Thursday as investors navigated a wave of corporate earnings and awaited key economic data. While the S&P 500 and Nasdaq edged up by 0.1%, the Dow Jones Industrial Average dropped 189 points (-0.4%), dragged down by disappointing earnings reports from major companies.
Investor attention is also on Amazon, which is set to report its Q4 earnings after the market close, with analysts focusing on its cloud business amid concerns following Alphabet’s weaker-than-expected cloud revenue earlier this week.
Key Market Movers
Semiconductor Stocks Slump:
• Qualcomm (-4%) and Arm (-4%) fell sharply.
• Skyworks Solutions plunged 24% after weak quarterly earnings.
Ford Drops (-7%):
• The automaker issued a cautious 2025 outlook, causing a selloff.
Honeywell Drags the Dow (-5%):
• The industrial giant lowered its full-year earnings forecast and announced a split into three separate companies.
Philip Morris Surges (+10%):
• The tobacco giant posted strong Q4 earnings and revenue, pushing its stock to a potential record high.
Economic Outlook: Jobs Report & Tariff Concerns
• Market sentiment stabilized after President Donald Trump paused additional tariffs on Mexican and Canadian goods, easing earlier trade concerns.
• Investors are now looking ahead to Friday’s US jobs report. Economists expect 169,000 new jobs, a decline from 256,000 in December. A softer number could impact Federal Reserve interest rate decisions.
• Gold Prices Continue to Soar:
• UBS raised its 12-month gold forecast to $3,000 per ounce.
• Spot gold recently traded at $2,849.89 per ounce, after hitting an all-time high of $2,882.16.
Amazon Earnings on Watch
Investors are closely monitoring Amazon’s Q4 earnings, particularly its cloud division, Amazon Web Services (AWS). With Alphabet’s disappointing cloud performance, the market is keen to see whether Amazon can maintain its dominance in AI-driven cloud computing.
Looking Ahead
With earnings season in full swing and key economic data approaching, Wall Street remains cautious yet stable. Investors will be watching Amazon’s earnings closely and assessing how the January jobs report might influence the Federal Reserve’s next move.
Market Overview
Wall Street saw a mixed session on Thursday as investors navigated a wave of corporate earnings and awaited key economic data. While the S&P 500 and Nasdaq edged up by 0.1%, the Dow Jones Industrial Average dropped 189 points (-0.4%), dragged down by disappointing earnings reports from major companies.
Investor attention is also on Amazon, which is set to report its Q4 earnings after the market close, with analysts focusing on its cloud business amid concerns following Alphabet’s weaker-than-expected cloud revenue earlier this week.
Key Market Movers
Semiconductor Stocks Slump:
• Qualcomm (-4%) and Arm (-4%) fell sharply.
• Skyworks Solutions plunged 24% after weak quarterly earnings.
Ford Drops (-7%):
• The automaker issued a cautious 2025 outlook, causing a selloff.
Honeywell Drags the Dow (-5%):
• The industrial giant lowered its full-year earnings forecast and announced a split into three separate companies.
Philip Morris Surges (+10%):
• The tobacco giant posted strong Q4 earnings and revenue, pushing its stock to a potential record high.
Economic Outlook: Jobs Report & Tariff Concerns
• Market sentiment stabilized after President Donald Trump paused additional tariffs on Mexican and Canadian goods, easing earlier trade concerns.
• Investors are now looking ahead to Friday’s US jobs report. Economists expect 169,000 new jobs, a decline from 256,000 in December. A softer number could impact Federal Reserve interest rate decisions.
• Gold Prices Continue to Soar:
• UBS raised its 12-month gold forecast to $3,000 per ounce.
• Spot gold recently traded at $2,849.89 per ounce, after hitting an all-time high of $2,882.16.
Amazon Earnings on Watch
Investors are closely monitoring Amazon’s Q4 earnings, particularly its cloud division, Amazon Web Services (AWS). With Alphabet’s disappointing cloud performance, the market is keen to see whether Amazon can maintain its dominance in AI-driven cloud computing.
Looking Ahead
With earnings season in full swing and key economic data approaching, Wall Street remains cautious yet stable. Investors will be watching Amazon’s earnings closely and assessing how the January jobs report might influence the Federal Reserve’s next move.