NYSE Dow Jones finished today at:

[eskys]

To date, not a single stock has traded in my watchlist, and BBOZ is up. ?SPI wrong here?

 

[bigdog]

Stock market today: Nvidia and other tech stocks win back some of Monday's sharp losses

Rebounding tech stocks drove U.S. indexes higher a day after they tumbled on doubts about whether the artificial-intelligence frenzy really needs all the dollars being poured into it.

apnews.com

Nvidia and other tech stocks win back some of Monday’s sharp losses​

By STAN CHOE
Updated 8:20 AM GMT+11, January 29, 2025

NEW YORK (AP) — Rebounding tech stocks drove U.S. indexes higher Tuesday, a day after they tumbled on doubts about whether the artificial-intelligence frenzy really needs all the dollars being poured into it.

The S&P 500 climbed 0.9% to claw back more than half of its earlier drop. The Dow Jones Industrial Average added 136 points, or 0.3%, and the Nasdaq composite rallied 2% after sliding 3.1 % the day before.

The spotlight remained on Nvidia, whose chips are powering much of the move into AI and whose stock has become a symbol of the surrounding frenzy. It rose 8.8% after plunging nearly 17% the day before, which was its worst drop since the 2020 COVID crash.

Other AI-related companies also held steadier, including chip company Broadcom, which rose 2.6%. Constellation Energy picked up 1.4% after plummeting nearly 21% on Monday. It had earlier rallied on expectations it will help supply the electricity that vast AI data centers would gobble up.

Such revenues are threatened after DeepSeek, a Chinese company, said it was able to develop a large language model that can perform as well as big U.S. rivals but at a fraction of the cost. That raises questions about whether all the spending expected for AI chips and electricity will need to happen.

AI-related stocks have been Wall Street’s biggest stars in recent years, soaring on expectations that big spending will only continue to grow. The gains, though, also created criticism that the stock prices had simply gone too high, too fast.

It’s still uncertain how much DeepSeek’s development will upend the AI industry. While it could mean less growth in spending than expected for data centers, electricity and chips, it could also boost other areas.

“If AI becomes less expensive to use, we think businesses will adopt it more quickly, making a greater investment in AI software,” according to James Egelhof, chief U.S. economist at BNP Paribas. “We think this acceleration in adoption could mean a rise in software investment that offsets – or even dwarfs – any deceleration in spending on data center structures, hardware and related investment.”

Outside of AI-related industries, stocks held up fairly well on Monday, and they were mixed Tuesday following a set of mixed profit reports.

Royal Caribbean steamed 12% higher after the cruise operator topped analysts’ profit expectations for the end of 2024. It benefited from stronger-than-expected demand from customers booking trips closer to the time of departure. The company also gave a profit forecast for the first three months of 2025 that topped analysts’ expectations.

JetBlue Airways, meanwhile, lost a quarter of its value, 25.7%, despite reporting a milder loss for the latest quarter than analysts expected. The company expects its costs outside of fuel to rise more quickly at the start of 2025 than a key underlying measure of its revenue.

Later this week will come profit reports from some of Wall Street’s most influential companies, including Apple, Meta Platforms, Microsoft and Tesla.

All told, the S&P 500 rose 55.42 points to 6,067.70. The Dow Jones Industrial Average added 136.77 to 44,850.35, and the Nasdaq composite rallied 391.75 to 19,733.59.

In the bond market, which had been driving much of Wall Street’s action before Monday’s upheaval, Treasury yields held relatively steady.

The yield on the 10-year Treasury remained at 4.53%, where it was late Monday. It’s been climbing in recent months as traders pared back expectations for how many cuts the Federal Reserve will deliver to short-term interest rates this year. The U.S. economy remains solid, and worries are high that tariffs and other policies potentially coming from President Donald Trump could put upward pressure on inflation.

A report showing confidence among U.S. consumers wasn’t as strong as economists expected made relatively small waves in the bond market. The more anticipated event will come on Wednesday, when the Federal Reserve will announce its latest decision on interest rates.

The widespread expectation is that it will leave the federal funds rate alone. If that proves true, it would be the first meeting where the Fed did not cut rates to give the economy a boost since it began doing so in September.

In stock markets abroad, indexes were mixed across Europe and Asia.

Japan’s Nikkei 225 lost 1.4% as SoftBank Group Corp. stock extended its losses, sinking 5.2%.

Fuji Media Holdings, rocked by a sex scandal, rose 3% after a marathon news conference by its top executives that lasted more than 10 hours, in which two of them resigned to take responsibility for the scandal. Fuji’s stock price has zigzagged in recent months amid Japanese magazine reports about “a problem” involving an anchorwoman and a Japanese male star. He has subsequently announced his retirement.

ASX 200 expected to Rise​

Australian share market set to rise ahead of quarterly inflation data after a strong night of trade on Wall Street.

According to the latest SPI futures, the ASX 200 is expected to open the day 36 points or 0.4% higher this morning.

Rebounding tech stocks drove U.S. indexes higher Tuesday, a day after they tumbled on doubts about whether the artificial-intelligence frenzy really needs all the dollars being poured into it.

The S&P 500 climbed 0.9% to claw back more than half of its earlier drop. The Dow Jones Industrial Average added 136 points, or 0.3%, and the Nasdaq composite rallied 2% after sliding 3.1 % the day before.

All told, the S&P 500 rose 55.42 points to 6,067.70. The Dow Jones Industrial Average added 136.77 to 44,850.35, and the Nasdaq composite rallied 391.75 to 19,733.59.


WHAT IS THE BEST WEBSITE TO GET TODAY'S ASX 200 FUTURES NUMBER?

WESTPAC reporting +36 points
https://www.ig.com/au/indices/markets-indices/australia-200 REPORTING +15 POINTS
MARKET SNAPSHOT BELOW IS 0.4%
MARKET WATCH BELOW IS +32 POINTS, BUT IS BEFORE WALL STREET HAS CLOSED

 

[bigdog]

Stock market today: Wall Street slips after the Federal Reserve keeps interest rates steady

U.S. stocks slipped after the Federal Reserve held its main interest rate steady and broke a run of cuts that began in September. The S&P 500 fell 0.5% Wednesday.

apnews.com

Wall Street slips after the Federal Reserve keeps interest rates steady​

By STAN CHOE
Updated 8:17 AM GMT+11, January 30, 2025

NEW YORK (AP) — U.S. stock indexes slipped Wednesday after the Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through easier rates in September.

The S&P 500 fell 0.5% following the Fed’s widely expected decision. The Dow Jones Industrial Average dipped 137 points, or 0.3%, and the Nasdaq composite fell 0.5%.

The reaction was also relatively muted in the bond market following the Fed’s decision, which could hint at rates staying on hold for a while following their swift drop at the end of 2024. Lower rates would help the economy by making it cheaper for U.S. households and companies to borrow, but the downside is they could also give inflation more fuel.

Fed Chair Jerome Powell said after the decision that the central bank could cut rates if inflation were to slow further or if the job market suddenly weakened. But “right now, we don’t see that, and we see things as in a really good place for policy and for the economy, and so we feel like we don’t need to be in a hurry to make any adjustments.”

While Wall Street would almost always prefer lower interest rates, “we would continue to focus on why the Fed won’t cut anytime soon, specifically a strong economy and labor, which bodes well for solid corporate earnings growth,” said Sameer Samana, senior global market strategist at Wells Fargo Investment Institute.

Wednesday’s relatively calm movements for financial markets offered some respite following two days of disruption driven by doubts about the artificial-intelligence boom.

A Chinese upstart, DeepSeek, has raised nearly existential questions for some of the AI industry after saying it developed a large-language model that can compete with the world’s best without having to use top-flight chips.

That casts doubt about whether AI development broadly will require as much spending on chips, vast data centers and electricity as Wall Street and Big Tech had been assuming. That in turn has caused huge swings for stocks across the industry, particularly for Nvidia.

The company, whose stock has almost become a symbol of the AI bonanza, fell 4% Wednesday after plunging nearly 17% Monday and then jumping nearly 9% Tuesday. It was the single heaviest weight dragging the S&P 500 lower, by far.

Big gains for Nvidia and other Big Tech companies had been instrumental in the S&P 500’s rallying to back-to-back yearly gains of more than 20% for the first time since before the millennium. Nvidia alone accounted for more than a fifth of all of the S&P 500’s total return last year.

Elsewhere on Wall Street, Starbucks rose 8.1% after delivering a better profit for the latest quarter than analysts expected. CEO Brian Niccol said the chain is planning to cut its food and beverage offerings by 30% over the course of this year to simplify operations and speed service, part of its efforts to turn the company around.

T-Mobile US rallied 6.3% after topping Wall Street’s expectations for both profit and revenue in the last three months of 2024. It also said it expects to add between a net 5.5 million and 6 million in postpaid customers this year.

Brinker International jumped 16.3% after the company behind Chili’s restaurants delivered better results than expected. CEO Kevin Hochman said Chili’s attracted new customers and that its return customers were coming more frequently.

Railroad operator Norfolk Southern rose 1.8% after beating Wall Street’s profit forecasts. There is also growing optimism that a Republican-controlled Congress could ease restrictions on the industry.

Frontier Group Holdings climbed 5.3% after announcing it would try for a second time to merge with Spirit Airlines, which sought bankruptcy protection late last year. Frontier said the proposed deal would include newly issued Frontier debt and common stock.

Trump Media & Technology Group rose after announcing it would be getting into the financial services business via a partnership with Charles Schwab. TMTG said more details would be released later this year, and what had been a double-digit gain for the notoriously volatile stock shrank to an increase of 6.8%.

On the losing end of Wall Street was Danaher, which fell 9.7% after the life sciences, biotechnology and diagnostics company reported results for the latest quarter that just missed analysts’ expectations.

All told, the S&P 500 fell 28.39 points to 6,039.31. The Dow Jones Industrial Average dipped 136.83 to 44,713.52, and the Nasdaq composite sank 101.26 to 19,632.32.

In the bond market, the yield on the 10-year Treasury held at 4.53%, where it was late Tuesday.

In stock markets abroad, indexes were mixed in Europe. ASML’s stock jumped 5.6% in Amsterdam after announcing strong revenue on demand for its advanced chipmaking tools.

In Asia, where many markets were closed for holidays, Japan’s Nikkei 225 rose 1%

ASX 200 expected to fall​

The Australian share market looks set to fall on Thursday following a poor night of trade on Wall Street.

According to the latest SPI futures, the ASX 200 is expected to open the day 5 points lower this morning.

U.S. stock indexes slipped Wednesday after the Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through easier rates in September.

The S&P 500 fell 0.5% following the Fed’s widely expected decision. The Dow Jones Industrial Average dipped 137 points, or 0.3%, and the Nasdaq composite fell 0.5%.

All told, the S&P 500 fell 28.39 points to 6,039.31. The Dow Jones Industrial Average dipped 136.83 to 44,713.52, and the Nasdaq composite sank 101.26 to 19,632.32.

 

[bigdog]

Stock market today: Tesla, IBM and Meta lead most of Wall Street higher

Tesla, IBM and Meta Platforms helped lead most U.S. stocks higher following a rush of profit reports from some of the country’s most influential companies.

apnews.com

Tesla, IBM and Meta lead most of Wall Street higher​

By STAN CHOE
Updated 8:27 AM GMT+11, January 31, 2025

NEW YORK (AP) — Tesla, IBM and Meta Platforms helped lead most U.S. stocks higher on Thursday following a rush of profit reports from some of the country’s most influential companies.

The S&P 500 rose 0.5%, as four out of every five stocks in the index climbed. The Dow Jones Industrial Average added 168 points, or 0.4%, and the Nasdaq composite gained 0.3%.

Meta Platforms helped push indexes higher after rising 1.6%. The company behind Facebook and Instagram delivered a better profit for the end of 2024 than analysts expected. Perhaps just as importantly for the market, it also talked up its artificial-intelligence efforts and said it will continue to invest in the space.

That calmed some of the worries created by a Chinese upstart, DeepSeek, when it said it developed a large language model capable of competing with the world’s best, without having to use top-flight chips. That raised questions about whether all the investment expected for AI chips, data centers and electricity is really needed and sent a shock through markets at the start of the week.

The AI boom has been a primary reason for the U.S. stock market’s run to repeated records in recent years, and the threat has hit stocks like Nvidia particularly hard. The chip company that’s become the symbol of the AI frenzy spent most of Thursday lower, but it ended with a gain of 1% and was one of the strongest forces lifting the S&P 500.

Keeping indexes in check was Microsoft, which fell 6.2%. The Redmond, Washington-based software giant topped analysts’ expectations for profit in the latest quarter, but the focus was instead on the slower-than-expected growth in its cloud computing business, which is a centerpiece of its AI efforts.

Microsoft CEO Satya Nadella also continued to talk up AI following DeepSeek’s disruption.

“DeepSeek had some real innovations,” he said, and it is good to have efficiency gains and lower prices in AI development because it “means people can consume more and there’ll be more apps written.”

The pressure is on companies to keep delivering stronger profits. That would help them offset the downward force their stock prices have felt from climbing yields in the bond market recently. When bonds are paying more in interest, investors aren’t as willing to pay high prices for stocks.

Treasury yields have been climbing amid fears inflation may remain stubbornly above the Federal Reserve’s 2% target. A solid U.S. economy and worries about tariffs and other policies potentially coming from President Donald Trump have been some of the reasons behind the rise.

Treasury yields held relatively steady Thursday after a report indicated the U.S. economy grew at a solid pace at the end of 2024, but slightly slower than economists expected. The 10-year Treasury yield edged down to 4.52% from 4.53% late Wednesday.

The report showed a “Goldilocks” economy at the turn of the year, one that was neither too hot nor too cold, according to Gregory Daco, chief economist at EY. But he warned many uncertainties from Washington could change things, including what it does with income tax rates, tariffs and immigration.

Yields felt some downward pressure after the European Central Bank cut its main interest rate in hopes of boosting the region’s stagnant economy.

In Washington, the Federal Reserve had also been cutting its main rate since September to help the U.S. economy, but it opted to hold steady on Wednesday. Fed Chair Jerome Powell said it likely needs to see more evidence of a slowdown either in inflation or in the U.S. job market to lower rates further.

On Wall Street, Tesla drove 2.9% higher even though Elon Musk’s electric-vehicle company reported a weaker profit for the latest quarter than analysts expected. Musk asserted Tesla will offer unsupervised “full self-driving” technology to its customers as a paid service starting in Austin in June.

IBM rallied 13% after beating analysts’ expectations for profit. CEO Arvind Krishna pointed to its growing book of generative AI business and said IBM expects its overall revenue to grow at least 5% this year.

On the losing end of Wall Street was UPS, which fell 14.1% despite topping analysts’ expectations for profit. The package delivery company said its largest customer, Amazon, would lower its volume by more than 50% by the second half of 2026.

American Airlines fell 2.5% in its first trading following a crash involving an American Eagle flight and an Army helicopter just outside Washington. The cause of Wednesday night’s midair collision is under investigation.

All told, the S&P 500 gained 31.86 points to 6,071.17. The Dow Jones Industrial Average rose 168.61 to 44,882.13, and the Nasdaq composite added 49.43 to 19,681.75.

In stock markets abroad, indexes rose across much of Europe after Japan’s Nikkei 225 added 0.3%. Several Asian remained closed for the Lunar New Year holiday.

ASX 200 expected to rise again​

The Australian share market looks set to push higher again on Friday following a positive night of trade in the United States.

According to the latest SPI futures, the ASX 200 is expected to open 36 points or 0.4% higher this morning.

Tesla, IBM and Meta Platforms helped lead most U.S. stocks higher on Thursday following a rush of profit reports from some of the country’s most influential companies.

The S&P 500 rose 0.5%, as four out of every five stocks in the index climbed. The Dow Jones Industrial Average added 168 points, or 0.4%, and the Nasdaq composite gained 0.3%.

All told, the S&P 500 gained 31.86 points to 6,071.17. The Dow Jones Industrial Average rose 168.61 to 44,882.13, and the Nasdaq composite added 49.43 to 19,681.75.

 

[bigdog]

Stock market today: Wall Street surrenders gains after White House confirms Trump tariff move

Stocks surrendered early gains and closed lower after the White House said President Donald Trump would impose promised tariffs on some key U.S. trading partners.

apnews.com

Wall Street surrenders gains after White House confirms Trump tariff move​

By STAN CHOE and DAMIAN J. TROISE
Updated 9:22 AM GMT+11, February 1, 2025

Stocks on Wall Street surrendered early gains and closed broadly lower Friday after the White House said President Donald Trump would impose promised tariffs on key U.S. trading partners.

The S&P 500 fell 0.5% and the Nasdaq composite dropped 0.3%. The indexes, which had posted solid gains in morning trading, posted their first weekly loss in three weeks.

The Dow Jones Industrial Average fell 0.8%.

Trump will put in place 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China effective Saturday. The White House provided no word on whether there would be any exemptions to the measures that could result in swift price increases to U.S. consumers.

The selling was broad, with about 75% of the stocks in the S&P 500 closing lower. Technology and energy companies accounted for a large share of the decline.

“If Trump says it’s something that could happen by tomorrow that doesn’t leave a lot of room to move,” said Sam Stovall, chief investment strategist at CFRA. “There’s just so much uncertainty associated with elevating tariffs on our three major trading partners.”

The earlier gains on Wall Street had helped shave losses from the start of the week over worries that the artificial-intelligence boom may not require as much investment as thought.

Apple reversed course from market leading gains to a loss of 0.7%. The company had reported stronger profit for the latest quarter than analysts expected. Wall Street’s most valuable company, and thus the most influential on the S&P 500 and other indexes, said sales of iPhones dipped. But revenue for its services businesses, such as AppleCare and its app store, rose to a record.

KLA, a supplier to the electronics industry initially rose after reporting profit and revenue that topped analysts’ expectations, but then closed down 0.6%. The company, which credited its results on expanding artificial-intelligence and high-performance computing investments, fell 6.3% on Monday. That’s when tech stocks around the world tumbled, after a Chinese upstart, DeepSeek, said it developed a large language model capable of competing with the world’s best, without having to use top-flight chips.

The disruption raised questions about whether all the investment expected for AI chips, data centers and electricity is really needed.

Apple leads stocks higher. More from AP’s Damian Troise.

Shares of Nvidia, considered the poster child for the AI frenzy, fell 3.7%. They dropped 15.8% for the week. Its CEO, Jensen Huang, was expected to meet with Trump Friday in Washington.

Worries that tariffs could end up driving inflation higher helped push long-term bond yields higher, including the 10-year Treasury, which rose to 4.54% from 4.52% late Thursday.

“It’s not the safe haven that it normally is because these tariffs might result in higher inflation and the need for the Fed to remain on pause for longer or to reverse course and raise rates,” Stovall said.

Shorter-term U.S. government bond yields mostly fell.

Yields have been generally climbing since September as the U.S. economy has remained much more solid than economists expected. More recently, worries about tariffs and other possible Trump administration policies that could add upward pressure on inflation and the U.S. government’s debt have also sent yields higher.

The Federal Reserve left its benchmark interest rate unchanged as it closed out its most recent meeting Wednesday. The central bank is signaling a more cautious approach as it waits to see how policies under Trump will impact inflation and the broader economy. Higher tariffs and tax cuts could push inflation higher, while deregulation could possibly reduce it.

“Markets are on edge watching President Trump’s plans to raise tariffs and tighten immigration policies, since both are pressuring the Fed to keep interest rates elevated,” said Bill Adams, chief economist for Comerica Bank.

On Wall Street, Walgreens Boots Alliance dropped 10.3% after suspending its dividend and breaking a streak of quarterly payouts to its shareholders that stretches back more than 90 years.

Exxon Mobil ticked down 2.5% even though the energy giant posted a stronger fourth quarter profit than Wall Street had forecast. Exxon credited increased production in the U.S. Permian basin and in Guyana for the strong results, but its revenue came in lower than expected.

All told, the S&P 500 fell 30.64 points to 6,040.53. The Dow dropped 337.47 points to 44,544.66. The Nasdaq lost 54.31 points to close at 19,627.44.

In stock markets abroad, indexes ended mixed in Europe after also finishing mixed in Asia.

Japan’s Nikkei 225 index added 0.1% after a report showed that the country’s core inflation rate topped the central bank’s 2% target, paving the way for further hikes to interest rates.

The Kospi in South Korea fell 0.8% after trading resumed there following holidays. Markets remained closed in Hong Kong and Shanghai for the Lunar New Year.