Stock market today: Dow, S&P 500, Nasdaq stall as investors weigh earnings, Trump on China
Published On Jan 24, 2025, 1:15 PM
US stocks faced challenges on Friday, struggling to maintain the momentum from their earlier rally. The Dow Jones declined by 0.1%, and the S&P 500 fell slightly after hitting its first record high of the year. Investor sentiment was influenced by mixed earnings reports and President Trump's softened stance on China tariffs, which sparked optimism about potential policy changes. Notably, Boeing's stock dipped after a forecasted $3.5 billion loss due to labor strikes, while Novo Nordisk's shares surged over 8% on promising clinical trial results for a new weight-loss drug. Overall, despite the struggles, major market indices are expected to show over 2% gains for the week, with significant earnings reports anticipated next week.
Stock Forecasts
SPY
Positive
With President Trump's comments easing trade war concerns and a general bullish sentiment towards tech stocks, I predict a positive outlook for the S&P 500 as companies in the index are set to report strong earnings next week, supporting investor confidence.
NVO
Positive
Novo Nordisk's new weight-loss drug showing impressive trial results positions it favorably in the healthcare industry. The strong market response to their product indicates likely continued interest and investment, leading to a positive outlook for the stock.
BA
Negative
Boeing is facing significant challenges with its forecasted losses tied to labor disputes. This, combined with a cautious overall market sentiment, is likely to put downward pressure on Boeing's stock in the near term.
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