Stock Market Updates ✅
February 7, 2025 at 02:12 AM
S&P 500 posts modest gain, notches 3rd straight winning session 👏 🇺🇸 Markets on Thursday #dowjones -0.3% #nasdaq +0.5% S&P500 +0.36% Big Movers 👎 Honeywell-5% dragged the Dow lower Co issued full-year earnings guidance that fell short of what analysts anticipated. Co also announced it would split into three companies Semiconductor names slid 👎 Qualcomm & Arm declining more than 3% each 👎Skyworks Solutions -24% after reporting its quarterly results 👎 Ford Motor -7% after the automaker forecast a difficult 2025 🚀 Philip Morris +11% on the heels of reporting better-than-expected earnings and revenue for the fourth quarter Key Cue to track on Friday 👉 January’s jobs report Forecast is that nonfarm payrolls growth of 169,000 which will be less than the 256,000 jobs added in December. Unemployment rate is expected to hold steady at 4.1%. In extended trading, 👎 Amazon -4%. Guidance from the e-commerce giant disappointed investors. Co called for revenue growth of 5% to 9% in the first quarter — its weakest growth on record 💲 Dollar Index at 107.7 🇯🇵 Yen hits 8-week high vs dollar. Bank of Japan policy board member advocated continued interest rate hikes 💷 Pound -0.6% to $1.2434. Bank of England cut interest rates as expected Other Asset Classes 🇺🇸 10 year yields at 4.43% ⛽️ Brent Crude at 74.33$/barrel, after Trump repeats pledge to lower prices 🪙 Gold at $2,856/ounce 💸 Bitcoin at 96700$
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