Stock market today: S&P 500, Nasdaq pop with Amazon set to highlight earnings rush
Published On Feb 6, 2025, 4:18 PM
US stocks showed mixed performance as investors awaited Amazon's earnings report while assessing ongoing corporate results and the effects of Trump's proposed policies. The Dow fell 0.3%, while the S&P 500 and Nasdaq rose moderately. Earnings from major companies like Amazon and Ford impacted market sentiment. Amazon's report showed better-than-expected quarterly results but disappointing guidance, causing stock declines. Additionally, Ford's muted forecasts weighed on its shares. Meanwhile, the AI sector is seeing increased mentions in corporate earnings calls, suggesting a potential shift in investment focus.
Stock Forecasts
AMZN
Negative
Amazon's earnings beat expectations but guidance disappointed, raising concerns on cloud growth amidst sector-wide announcements of lower demand.
F
Negative
Ford's cautious guidance amid tariff concerns is damaging investor confidence, reflecting greater risk in the automotive sector.
PTON
Positive
Peloton's robust quarterly results suggest a strong rebound, especially after a key partnership drove sales.
SWKS
Negative
Skyworks Solutions faces significant loss of revenue due to losing Apple as a major customer, leading to steep stock decline.
NVDA
Positive
Nvidia's continued stock performance remains strong, benefiting from AI growth and recent positive tech sentiment.
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