Dow, S&P 500, Nasdaq step higher with Apple profits in the wings

United States supplies acquired vapor on Thursday mid-day as capitalists absorbed megacap technology profits and awaited Apple (AAPL) results for even more hints on leads for Big Tech.

The S&P 500 (^ GSPC) acquired 0.5%, while the Dow Jones Industrial Average (^ DJI) increased almost 0.4%. The tech-heavy Nasdaq Composite (^ IXIC) was up almost 0.3%.

Right in advance of the closing bell, President Donald Trump once more teased impending 25% tolls on Mexico andCanada The United States buck (DX= F) index increased on the information, turning around earlier losses to shut near level.

After the Federal Reserve stood rub on rate of interest as anticipated, capitalists have actually transformed to analyzing profits records– and specifically, the initial wave of arise from the “Magnificent Seven” business that have actually driven more comprehensive stock exchange gains.

Tesla’s (TSLA) supply ticked greater in spite of a profits miss out on as capitalists tackled trust fund its pledge to go back to development in 2025. Meanwhile, Meta’s (META) quarterly profits beat assisted raise its shares, however Microsoft supply sagged, down 6%, after its cloud profits failed.

Faith in Big Tech was tested after DeepSeek’s less costly AI design rattled presumptions concerning the possibility of a payback, the emphasis got on the reasoning for their large AI financial investments.

Apple (AAPL), whose supply has actually been struck by several downgrades, is set up to report profits after the bell. Investors will certainly inspect its quarterly upgrade for indications its apple iphone sales are doing far better than been afraid. Chipmaker Intel (INTC) is additionally anticipated to upload outcomes.

The Bureau of Economic Analysis’s advance estimate of fourth-quarter gross domestic product (GDP ) revealed the United States economic situation expanded at an annualized speed of 2.3%, listed below the 2.6% anticipated by financial experts evaluated by Bloomberg.

Meanwhile, American Airlines (AAL) CHIEF EXECUTIVE OFFICER Robert Isom shared acknowledgements complying with the crash in between an American guest jet and a United States military helicopter on Wednesday evening.

“We’re absolutely heartbroken for the family and loved ones of the passengers and crew members and also for those that were on the military aircraft,” Isom said.

LIVE 20 updates

A wild final 30 minutes for markets

Stocks hit their lows of the day with about 20 minutes left in the trading session after President Trump once again teased out 25% tariffs on Mexico and Canada. The US dollar index spiked on the news, reversing earlier losses, and stocks hit their lows of the day.

Though, as the intraday chart below shows, that selling action was short lived.
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body yf-1yejq1p”>What to watch in Apple earnings

Yahoo Finance’s Dan Howley reports:

Apple (AAPL) is set to announce its first quarter earnings after the bell on Thursday amid concerns that iPhone sales aren’t getting the kind of boost from its Apple Intelligence platform that investors initially hoped.

Both Jefferies and Loop Capital downgraded Apple’s stock last week, with Jefferies analyst Edison Lee saying he expects Apple to report lower-than-anticipated results for the December quarter and miss on expectations for the second quarter.

“>Oppenheimer also downgraded shares on Wednesday, citing slower iPhone growth pressured by competition in China and a lack of AI innovation to catalyze a new upgrade cycle.

According to estimates by IDC and Canalys, overall iPhone market share fell 1% year over year in Q4 to 23% despite the broader market for smartphone shipments increasing by 3%. Apple kicked off its big AI push in October, releasing the first raft of its Apple Intelligence updates.

Read more here.
yf-1pe5jgt”>One chart shows why the Fed is so uncertain about the path for rates

On Wednesday, Federal Reserve Chair Jerome Powell admitted the economic outlook for 2025 is likely more uncertain than normal.

“Inepitomizes” Powell said on Wednesday.

Deutsche Bank chief US economist Matthew Luzzetti told Yahoo Finance looking at how tariffs could impact the inflation outlook “yf-1pe5jgt” why the Fed is likely to take a cautious outlook to cutting rates.

Without tariffs, Luzzetti would expect core PCE inflation, the Fed’s preferred gauge, to fall to 2.5% by the end of 2025. This would be in line with the Fed’s targets.

“But, it is very easy to get to 3% plus core PCE inflation forecast this year and acceleration in inflation not a deceleration,Mexicoyf-1pe5jgtCanadaexactly why the ” Luzzetti said.

This makes Luzzetti believe the chart below is “yf-1pe5jgtFedcaas-liveblogpost yf-1yejq1p”

And while not the base case, Luzzetti added that a significant reacceleration in inflation above 3% could bring the conversation of Fed rate hikes back to the forefront.

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yf-1pe5jgt”>UPS stock sinks 15% after weak sales forecast, scaling back of Amazon deliveries

UPS’s (UPS) announcement that it will cut back on deliveries for its largest customer, Amazon (AMZN), sent its stock tumbling as much as 15% on Thursday.

As part of an agreement with Amazon, UPS said it said would cut the volume of Amazon deliveries it transports by more than 50% by the second half of 2026. UPS also said Thursday it expects revenue of ” blog-post” >” in 2025, below Wall Street’s consensus forecasts of $94.9 billion.

Evercore ISI analyst Jonathan Chappell wrote in a note to clients that the quarterly release had ” body yf-1yejq1p” Chappell described the pace of the reduction of Amazon deliveries as a ” yf-1pe5jgt”

” the present scenario there’s most likely some raised unpredictability due to the substantial plan changes in those 4 locations that I stated, tolls, migration, monetary plan, and regulative plan,(* )yf-1pe5jgt Chappell illustrates

yf-1pe5jgt”>Fed’s wait-and-see approach likely won’t be shaken by new GDP and inflation numbers

Yahoo Finance’s Jen Schonberger reports:

A new GDP report Thursday and the expectation of a sticky inflation reading Friday should reinforce the Federal Reserve’s new wait-and-see approach on interest rates.

Fed Chair Jay Powell outlined that approach Wednesday after the central bank decided to keep rates on hold, its first pause following three consecutive cuts at the end of 2024.

Policymakers are adopting a more cautious stance as they evaluate several unknowns about the economic policies of the new Trump administration.

Read more here.

a169023c-5aee-4d79-bf2d-714358974e10″>Fewer homes went under contract in December amid high rate pain

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Yahoo Finance’s Claire Boston reports:

Housing contract activity slowed down in December, suggesting higher mortgage rates are giving some buyers pause.

The Pending Home Sales Index, which tracks contract signings on existing homes, dropped 5.5% from November to 74.2, snapping a four-month streak of gains, according to the National Association of Realtors (NAR). An index level of 100 is equal to contract activity in 2001.

Contract signings declined in all parts of the country, led by the most expensive regions where mortgage rates have the biggest effect on affordability. The West saw a 10.3% drop in activity, followed by the Northeast with an 8.1% decline.

Read more here.

blog-post”>”>Nasdaq wavers as shares of Nvidia, Microsoft sink

The Nasdaq Composite (^IXIC) struggled to gain on Thursday, dragged by shares of software giant Microsoft (MSFT) and chip maker Nvidia (NVDA).

Microsoft fell roughly 6% after the software giant’s quarterly results. Wall Street analysts pointed out Microsoft’s Azure growth was came in lighter-than-expected and may not reaccelerate in the back half of the year.

Meanwhile Nvidia shares fell more than 3%. Earlier this week the AI chip giant was hit by jitters over China’s DeepSeek less expensive and more efficient artificial intelligence model, and speculation that the Trump administration is considering stricter limits on the company’s sale of its chip technology in China.

Nvidia is down roughly 16% over the past four days.

blog-post”>and

Comcast stock stinks after broadband and Peacock subscribers disappoint

Comcast, it is really simple to reach 3% plus core PCE rising cost of living projection this year and velocity in rising cost of living not a slowdown,Thursday after the company reported yf-1pe5jgtPeacock specifically why the

has unpredictability today and remains in a delay and see setting.(* )yf-1pe5jgt “>The company reported a decline of 131,000 broadband users, more than the 100,000 loss Comcast Cable CEO Dave Watson estimated in December. The escalating losses reflect recent competitive challenges as mobile providers like Verizon (VZ), T-Mobile (TMUS), and AT&T (T) enter the space with more flexible offerings to attract lower-income consumers.

Still, the company said it remains committed to its connectivity business and announced strategic changes to become a ”

“You strengths” Comcast president Michael Cavanagh said on the earnings call.

Comcast’s broadband struggles come as the company also reported a decline of 311,000 TV consumers as more consumers cut the cable cord in favor of less expensive streaming services.

To that point, the company continued to stress the importance of Peacock, although subscriber growth was flat quarter over quarter with total subscribers remaining at 36 million.

Comcast did improve profitability, reporting an adjusted EBITDA loss of $372 million compared to a loss of $825 million in the same period last year. Losses are expected to improve throughout the course of the year, according to management.

Read more here.

1f2bf5ae-989a-4bd1-a29e-f8209927ba82″>Bitcoin rises 3% to hover near $106,000

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Bitcoin (BTC-USD) rose to hover near $106,000 per token on Thursday. Token bulls pointed to Fed Reserve Chair Jerome Powell’s comments related to crypto and banks as a catalyst that helped send the coin more than 3% higher over the past 24 hours.

“Banks are perfectly able to serve crypto customers as long as they can understand and service the risks,” Powell said during Wednesday’s post-Federal Open Market Committee press conference.

Bitcoin is up more than 50% since the November preelection amid optimism of pro-crypto policies under a Trump administration.

250185d9-6d37-4bd2-8ed5-21d88e69c3c2″>Oracle debuts new AI agents as artificial intelligence war enters next battle

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Yahoo Finance’s Dan Howley reports:

Oracle (ORCL), fresh off of announcing its part in the massive Stargate Project alongside OpenAI and SoftBank (SFTBY), debuted its latest AI agents aimed at manufacturers during its CloudWorld event in Austin on Thursday.

The agents are designed to help supply-chain workers across a host of jobs, ranging from procurement to sustainability. AI agents are specialized AI bots that can take actions on a user’s behalf — either autonomously, or with their oversight — across multiple apps.

Companies ranging from Microsoft (MSFT) and Google (GOOG, GOOGL) to Amazon (AMZN) and Nvidia (NVDA) are pushing AI agents as the next major step in AI evolution, thanks to their ability to help streamline mundane but time-consuming tasks.

Read more here.

yf-1pe5jgt”>American Airlines CEO ‘absolutely heartbroken’ after fatal DC crash

Yahoo Finance’s Laura Bratton reports:

American Airlines (AAL) CEO Robert Isom on Thursday morning expressed his condolences after a crash involving 64 passengers and crew, with no survivors expected.

A plane operated by American’s subsidiary PSA Airlines collided with a military helicopter on Wednesday night as it approached Reagan Washington National Airport.

”We’re absolutely heartbroken for the family and loved ones of the passengers and crew members and also for those that were on the military aircraft,” Isom said during a press briefing with reporters.

c53c2c34-5f57-4023-8c2e-fa91d57648ad”>Stocks mixed as investors digest Big Tech earnings

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US stocks were mixed at the open on Thursday as investors digested earnings from Microsoft (MSFT), Meta (META), and Tesla (TSLA).

The Nasdaq Composite (^IXIC) rose 0.3%, while S&P 500 (^GSPC) gained 0.3%. The Dow Jones Industrial Average (^DJI) traded just below the flatline.

Stocks were attempting to climb back after the Federal Reserve stood unchanged on interest rates, indicating cautiousness around the topic of inflation.

Microsoft shares declined more than 5% on Thursday following its quarterly results. Social media platform Meta and EV giant Tesla both gained. Apple (AAPL) results are expected after the bell.

blog-post” >”>GDP: US economy grows at slower-than-expected pace in fourth quarter

The US economy grew at a slower-than-expected pace in the fourth quarter, preliminary figures showed.

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yf-1pe5jgt”>Increases in consumer and government spending drove economic growth in the quarter, while decreases in investment offset some gains. For the year, the US economy grew at a 2.8% pace, slightly below the 2.9% seen in 2023 but above the 2.5% growth seen in 2022.

“>Good morning. Here’s what’s happening today.

Economic data: Fourth quarter GDP (first estimate); personal consumption (fourth quarter advance estimate); initial jobless claims (to Jan. 25)

Earnings: Apple (AAPL), Blackstone (BX), Caterpillar (CAT), Comcast (CMCSA), Dow (DOW), Deckers Outdoors (DECK), Intel (INTC), Mastercard (MA), Mobileye (MBLY), Southwest Airlines (LUV), UPS (UPS), United States Steel (X), Visa (V)

Here are some of the biggest stories you may have missed overnight and early this morning:

include even more clients to its”>American Airlines jet collides with helicopter in midair near DCA

YF columnist Rick Newman: In Trump’s economic vision, everybody’s on their own

Tesla stock rises despite miss, amid vow to return to growth

UPS stock sinks as revenue outlook falls short

Powell holds interest rates — and his ground

Microsoft, Meta defend AI spend in DeepSeek fallout

European Central Bank cuts interest rates by 0.25% as expected

yf-1pe5jgt”>The new battle for Tesla investors

Tesla’s (TSLA) quarter wasn’t great.

Margins missed estimates. Sales came in light. And CEO Elon Musk was back to his antics on the earnings call, conveying guidance that by his own admission is ” 1f2bf5ae-989a-4bd1-a29e-f8209927ba82″

“>Investors now have a choice to make on Tesla.

Do you avoid the stock because it’s a disruptive EV company that may underwhelm in the near term as it invests in its business? Plus, Elon could fall out of favor with President Trump?

Or do you buy the stock because the company will likely have driver-less cars on the road in 2026, alongside humanoid robots in factories?

I don’t have the answer for you. But RBC analyst Tom Narayan makes a host of good points on how his clients are viewing the stock:

“Moonshots yf-1pe5jgt Tesla caas-liveblogpost yf-1yejq1pAustin 250185d9-6d37-4bd2-8ed5-21d88e69c3c2June blog-post” > We Waymo Tesla trip was taking a trip fromWe,The, to DCA when it rammed a United StatesTesla helicopter bring 3 bear up a training objective,Management claimed.Regarding Europe< h2 course=” heading yf-1yejq1p China body yf-1yejq1p Regarding Optimus yf-1pe5jgtTesla yf-1pe5jgt Next yf-1pe5jgt

yf-1pe5jgt “>Why Levi’s is getting pounded

Levi’s (LEVI) was having a relatively good earnings call last night.

Considering< h2 course=” heading yf-1yejq1p name isn’t Walmart body yf-1yejq1pLevi’s yf-1pe5jgt

yf-1pe5jgt “>”>But Levi’s 2025 EPS guidance of $1.20 to $1.25 was a country mile away from consensus for $1.38 a share.

While the blame is going to foreign-exchange fluctuations, I think there is a large chunk that reflects what’s happening at department stores. Macy’s (M) continues to shut a ton of stores, and it’s not alone in doing so post-holidays.

If these stores are closing, Levi’s loses places to sell its wares. Management has often told me they are doing big business in their own stores and online. But the unwinding of the department store space is a structural problem.

More on that here in my chat at the World Economic Forum with Ralph Lauren’s (RL) CEO Patrice Louvet.

.(* )analysis compares to the 3.1% seen in the 3rd quarter.

< p course= “yf-1pe5jgt “>Goldman’s still in a rate-cut mindset

The Fed may have stood pat on rates Wednesday, but Goldman Sachs still sees a world where rate cuts happen in 2025.

“>Goldman’s chief economist Jan Hatzius said in a new note:

yf-1pe5jgt”>The Nvidia bulls remain out there

Nvidia (NVDA) isn’t having a good week.

yf-1yejq1p”>The combination of the surprising DeepSeek news and fears of the Trump administration further cracking down on chip flow has the stock down 13% on the week.

Interestingly, that hasn’t stopped the Nvidia bulls from buying the dip.

New data out of Vanda Research shows individual investors bought $562.2 million of Nvidia shares on Monday’s rout. Self-directed traders bought $359.7 million of the stock on Tuesday.

yf-1pe5jgt”>What really matters to Meta bulls

I certainly appreciate everyone racing to read Meta’s (META) cash flow statement to see how much it’s spending on capital expenditures, mostly related to AI infrastructure build-outs.

But the reality is all that matters to the Meta investment thesis — for now — is that the company is taking its new AI and applying it to sucking in more ad dollars. Meta remains an advertising-led business, full stop.

To that end, Mark Zuckerberg made an important point on this on the earnings call last night:

“Thisyf-1pe5jgtSoyf-1pe5jgtMetayf-1pe5jgt” Zuckerberg said.

Pivotal Research analyst Jeff Wlodarczak said, “Incaas-liveblogpost yf-1yejq1p”

Sounds right to me.

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1a4b91f3-a59a-4b87-9d65-e2e0a1071c74″>Meh earnings call for Microsoft

“>

I was going to say something more uplifting on Microsoft’s (MSFT) results, which at first glance don’t warrant the pre-market sell-off. AI services sales surged 157%, supporting the years-long narrative on the stock.

But the Street has a point: Azure growth was underwhelming and may not reaccelerate in the back half of the year.

“The issue was in Azure where management attributed new sales execution issues on non-AI services which saw underwhelming consumption in fiscal second quarter and a weaker outlook, where a second half re-acceleration is more uncertain. The results are indeed a setback to the second half Azure acceleration thesis,” Citi analyst Tyler Radke said.

Then Microsoft slipped this into its earnings call, which I don’t think is getting the attention it deserves:

“And while we expect to be AI capacity-constrained in Q3, by the end of FY’25, we should be roughly in line with near-term demand given our significant capital investments,” Microsoft CFO Amy Hood said.

To me, it signals a potential slowing in the AI story in the back half of the year.

Source link body yf-1yejq1p(* )yf-1pe5jgt(*) yf-1pe5jgt(*) yf-1pe5jgt(*) yf-1pe5jgt(*) caas-liveblogpost yf-1yejq1p(*) f257cd68-413c-45aa-9b30-7760facf4bdb(*) blog-post” > (*) < h2 course=”heading yf-1yejq1p (*) body yf-1yejq1p (*) yf-1pe5jgt (*) yf-1pe5jgt (*) yf-1pe5jgt (*) yf-1pe5jgt (*) year, the enhancements of business are mosting likely to be taking the AI approaches and using them to advertising and marketing and suggestions and feeds and points like that.
(*) the real company possibility– for (*) AI, and AI workshop and company representatives, and individuals communicating with these AIs– continues to be beyond 2025, generally, (*) yf-1pe5jgt (*) completion, we see a solid profits development overview from boosted usage/new products/better targeting/higher rates. (*) yf-1pe5jgt (*) caas-liveblogpost yf-1yejq1p (*) a139eb2b-44a5-4c4a-a2d0-e0c65d584c47 (*) blog-post” > (*) < h2 course=”heading yf-1yejq1p (*) body yf-1yejq1p (*) yf-1pe5jgt (*) yf-1pe5jgt (*) yf-1pe5jgt (*) yf-1pe5jgt (*) yf-1pe5jgt (*) yf-1pe5jgt (*) yf-1pe5jgt” > (*) very little enjoyable to state below, nevertheless. (*) supply most likely requires the paddling. (*).

Dow, S&P 500, Nasdaq step higher with Apple profits in the wings

A wild final 30 minutes for markets

Comcast stock stinks after broadband and Peacock subscribers disappoint

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