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 trading as investors eagerly anticipated President Trump's remote address at the World Economic Forum in Davos. After recent highs, the S&P 500 saw a slight gain, while the Nasdaq Composite fell slightly due to weaker tech stocks, particularly Nvidia, which faced decline on concerns of chip demand. Trump's speech is expected to clarify his trade policies and tariffs which have implications for inflation and stocks. Earnings season is underway, with notable performance from companies like Netflix and bearish news for American Airlines and Electronic Arts.
Stock Forecasts
NVDA
Negative
Economic uncertainties and rising interest rate expectations may continue to weigh on tech stocks, particularly following negative sentiment around Nvidia. Moreover, American Airlines faced substantial losses due to unfavorable forecasts, leading to concerns in the aviation sector.
GE
Positive
General Electric has shown positive earnings growth along with an aggressive share buyback plan, indicating strong performance and investor confidence. This could lead to increased interest in GE shares.
AAL
Negative
American Airlines' unexpected loss projection signals potential issues in the airline sector which can deter investment. The stock is likely to remain under pressure as investors react to the bleak forecasts.
XLK
Negative
The overall AI and tech sector sentiment appears bearish following the instability in Nvidia and the potential regulatory risks highlighted during the World Economic Forum, which could impose challenges for growth in this sector.
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