Stock market today: Dow, Nasdaq, S&P 500 steady as Trump takes the spotlight
Published On Jan 23, 2025, 11:36 AM
US stocks experienced mixed movements, with the S&P 500 slightly up and the Nasdaq down due to erosion in tech sector gains, largely influenced by comments from Nvidia's supplier regarding uncertain chip demand. President Trump's speech at the World Economic Forum is drawing attention, particularly regarding tariffs which are expected to impact inflation and market dynamics. GE Aerospace made positive headlines with an increase in share buybacks, whereas American Airlines saw its stock drop sharply due to a disappointing profit forecast. Other tech stocks faced pressure as uncertainty in chip demand loomed large.
Stock Forecasts
NVDA
Negative
The ongoing uncertainty in chip demand highlighted by Nvidia's supplier could lead to a broader negative sentiment across tech stocks. Investors may be cautious following recent performances and economic indicators.
GE
Positive
Given the increase in share buybacks by GE Aerospace, this should create upward pressure on its stock as investor confidence may rise. The commitment to repurchasing shares indicates strong management confidence in the company’s future performance.
AAL
Negative
American Airlines is facing a significant downturn due to its surprise quarterly loss forecast, which deviates sharply from its prior performance. This unexpected outlook is likely to continue pressuring its stock price.
EA
Negative
EA's drop in bookings outlook has led to a significant sell-off in its shares, indicating investor dissatisfaction with its current performance and a potential lack of growth momentum in the near term.
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