Stock market today: Dow, Nasdaq, S&P 500 steady as Trump takes the spotlight
Published On Jan 23, 2025, 11:36 AM
US stocks showed mixed movements as investors anticipated President Trump's speech at the World Economic Forum concerning tariffs and economic policies. While the S&P 500 and Dow Jones made slight gains, the Nasdaq Composite fell due to weak performance in tech stocks, particularly Nvidia, which dropped after its supplier raised concerns over chip demand. Noteworthy earnings reports indicated GE Aerospace planning to raise buybacks, whereas American Airlines projected a surprise loss, contributing to a steep decline in its stock. Concerns over economic indicators, including rising jobless claims, added to market caution.
Stock Forecasts
GE
Positive
Given the announcement of a $7 billion share buyback program by GE Aerospace and its strong earnings performance, this suggests potential positive momentum for GE's stock moving forward.
AAL
Negative
With American Airlines projecting a loss for the current quarter, this outlook is likely to negatively impact investor confidence and drive the stock lower.
NVDA
Negative
Nvidia's stock is likely to encounter further pressure as concerns around chip demand persist in the market, particularly following the supplier's warnings about an uncertain demand outlook.
EA
Negative
Electronic Arts has recently cut its bookings outlook based on underperformance in key games, likely leading to a continued decline in its stock price as investors adjust expectations.
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