• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Stock market today: S&P 500 ends lower, but notches second weekly win

by January 24, 2025
written by January 24, 2025

Investing.com – The S&P 500 notched a two-week winning streak despite closing lower Friday after giving up gains following a fresh intraday record high as investors digested more corporate earnings and economic data.

At 4:00 p.m. ET (21:00 GMT), the S&P 500 index fell 0.3% but had earlier hit a fresh record high of 6,128.18. The NASDAQ Composite fell 0.5%, and the Dow Jones Industrial Average slipped 140 points, or 0.3%, while 

All three major averages are on track to post their second positive week, with the S&P 500 posting a record high, after President Donald Trump said he would “demand that interest rates drop immediately” as he addressed world leaders in Davos, Switzerland. 

Quarterly corporate results continue

Verizon Communications (NYSE:VZ) stock rose nearly 1% after the telecom major reported its best quarterly wireless subscriber growth in five years.

American Express (NYSE:AXP) stock fell 1.4% despite the financial giant reporting a 12% jump in fourth-quarter profit, as more consumers swiped cards during the holiday season for travel and online shopping.

Boeing (NYSE:BA) stock fell 1.4% after the aircraft manufacturer said it will post a bigger-than-anticipated loss of around $4 billion in its most recent quarter, as it grappled with a prolonged strike, charges related to US government projects and expenses linked to a slew of job cuts.

Texas Instruments (NASDAQ:TXN) stock dropped 7.5% after the analog chipmaker forecast first-quarter profit below estimates, as it grapples with an inventory buildup in its key automotive and industrial markets.

Twilio (NYSE:TWLO) stock soared 20% after the cloud communications software maker announced that it expects adjusted earnings to come in at the top range of guidance for the fourth quarter and unveiled positive guidance for the next couple of years through 2027.

Meta (NASDAQ:META) hits record high on AI optimism, intuitive Machines wins $2.5M Nasa contract

Meta Platforms Inc (NASDAQ:META) hit a record intraday high on Friday after unveiling spending plans to invest about $60 billion to $65 billion in capital expenditure this year as it builds out its AI infrastructure. 

Intuitive Machines Inc (NASDAQ:LUNR), meanwhile, won a $2.5M contract from Nasa to advance lunar logistics handling and offloading, and surface cargo as well as mobility solutions.

University of Mich. consumer sentiment falls; Fed meeting next week

The Michigan Consumer Sentiment Index, fell to 71.1 in January, down from 74.0 a month earlier, marking the decline in six months.

The data comes ahead of next week’s Federal Reserve policy-setting meeting, and the future path of interest rates.

The US central bank is widely expected to hold interest rates unchanged on Wednesday, with Fed officials expected to largely disregard any inflationary effects stemming from tariffs under Donald Trump’s administration, as such impacts are viewed as one-time price level increases rather than persistent inflationary pressures, Goldman Sachs analysts said in a research note.

Earlier Friday, the Bank of Japan raised interest rates by 25 basis points, marking the third hike by the central bank since it began scaling back its ultra-loose monetary policy in early-2024.

(Peter Nurse, Ayushman Ojha contributed to this article.)

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
People leave New Zealand in record numbers in the 12 months through November
next post
Brazil stocks lower at close of trade; Bovespa down 0.03%

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025
    • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (504)
    • Stock (6,426)

    Latest News

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    Popular News

    • SPX double digit gains two years in a row no reason to be bearish: Sevens
    • Fire agencies to investigate potential Edison link to LA Hurst fire

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy