Reported 1 day ago
On January 31, 2025, U.S. stocks closed higher despite a volatile trading session, influenced by earnings reports from major tech companies and President Trump's proposed tariffs. The Dow Jones Industrial Average rose 0.4% to 44,882.13 points, nearing its record high. The S&P 500 and Nasdaq also recorded gains, with sectors such as real estate and utilities leading the way. Mixed earnings results were seen, with IBM shares soaring after better-than-expected profits, while Microsoft faced a decline post a weak forecast. Economic indicators showed modest GDP growth and decreases in jobless claims, contributing to cautious investor sentiment.
Source: YAHOO