Reported 3 days ago
The S&P 500 reached a record closing high on January 23, 2025, as investors reacted positively to mixed corporate earnings and comments from President Trump, who called for lower interest rates and oil prices at the World Economic Forum. Despite concerns about tariffs potentially increasing inflation and slowing interest rate cuts by the Federal Reserve, market optimism prevailed, with all major indexes posting gains. Notable movements included GE Aerospace's stock rising 6.6% after exceeding profit forecasts, while Electronic Arts saw a significant drop of 16.7% due to lowered annual booking estimates.
Source: YAHOO