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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