Stock market today: Dow, S&P 500, Nasdaq stall as investors weigh earnings, Trump on China
Published On Jan 24, 2025, 3:36 PM
US stocks saw a slight retreat as investors reacted to recent earnings reports and President Trump's softened approach towards China tariffs. The Dow Jones and S&P 500 both fell by 0.3%, while the Nasdaq declined 0.5%. Despite this, the major indices are set to finish the week with gains exceeding 2%, boosted by Trump's comments that indicate potential cuts to interest rates and tariffs. Meanwhile, companies like Boeing reported losses due to labor issues, while Novo Nordisk's stock surged on positive results from a new weight-loss drug. Earnings reports from major tech firms next week are anticipated to set the market tone.
Stock Forecasts
MSFT
Positive
With Trump's softening stance on tariffs potentially reducing trade war fears, companies reliant on stable trade relations, like Apple (AAPL) and Microsoft (MSFT), may see positive movements. Moreover, Novo Nordisk (NVO) demonstrated strong growth due to promising product developments, signaling bullish prospects.
NVO
Positive
Novo Nordisk's successful drug trial boosts confidence in its growth potential, suggesting that investors looking for growth stocks in the healthcare space might consider a position in NVO. The positive sentiment around its products may attract more investment.
BA
Negative
Boeing (BA) is currently facing significant challenges, which are reflected in its recent losses. Given the ongoing labor issues and financial forecasts, its stock may continue to see pressure in the near term.
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