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 experienced mixed movements on Thursday ahead of Amazon's quarterly earnings report. The Dow dropped 0.3%, while the S&P 500 rose 0.3%, and the Nasdaq climbed 0.5%. Investors are particularly focused on earnings reports amidst concerns over tariffs and AI demand, particularly following disappointing cloud sales from major competitors. Amazon's results were mixed; it beat earnings estimates but provided weaker guidance for the upcoming quarter, causing a dip in its stock. Meanwhile, other companies like Salesforce and Honeywell also saw declines due to management changes and corporate restructuring news.

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Stock Forecasts

AI prediction results, not representative of any investment advice.

AMZN

Negative

Amazon's disappointing Q1 guidance could lead to continued stock pressure as investors reassess growth expectations. Given the mixed sentiments and the tech sector's volatility, the direction for AMZN is negative in the short term as the stock reacts to these earnings.

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SWKS

Negative

Skyworks Solutions posted a significant decline after losing contract business with Apple, a major revenue source. The loss of such a key customer could severely impact earnings going forward, suggesting a continued negative trend in the stock price.

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F

Negative

Ford's muted guidance resulting from market headwinds and potential tariffs raises concerns about future profitability. Investors might react negatively, leading to further declines in the stock.

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NVDA

Positive

Nvidia continues to capitalize on AI demand, with strong stock performance amid rallying tech stocks. As AI adoption increases, Nvidia is likely to benefit, suggesting a positive outlook.

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