The market climbed Thursday, though shaky tech earnings from Wednesday tried to hold back the Nasdaq. Lower-than-expected inflation numbers helped push the Dow within 60 points of an all-time high, and each index advanced by the end of the day.
In macroeconomic news, the first set of GDP quarterly results from the final months of 2024 shows the economy expanded at a slower pace than expected, according to BEA data Thursday.
The economy expanded at 2.3% in Q4 2024, on an inflation-adjusted basis, vs forecasts of 2.7%, and the previous quarter's 3.1%. Core PCE prices came out right as estimated- 2.50%, after the FOMC made a "no change" decision Wednesday on rates
SECTORS
Within industry themes tracked by moomoo, Stargate-related companies fell alongside$Microsoft (MSFT.US)$, as the stock declined 6% after earnings.
Elsewhere in the economy,$Crude Oil Futures(APR5) (CLmain.US)$were still at $73/barrel. Gold hit an all-time high at $2,798/troy ounce, silver climbed, and treasuries all fell. MT Newswires attributed the record to a weakened dollar after low GDP numbers and uncertainty from Trump policies.$Bitcoin (BTC.CC)$hovered at $105,000.
MOVERS
$Apple (AAPL.US)$reported Q1 2025 earnings of $2.40 share, vs estimates of $2.35/share, on revenue of $124.30 billion vs estimates of $124.10 billion. The stock climbed right after release, but will shares climb overnight and at open Friday? The firm said sales in China were much softer than analysts had thought: 14% lower, at just $18.41 billion compared to estimates above $21 billion.
$Visa (V.US)$shares advanced in after-hours trading after the company reported fiscal first quarter earnings and revenue that beat analysts' estimates. The company said adjusted earnings rose to $2.75 per diluted share, from $2.41 a year earlier. Analysts polled by FactSet expected $2.66.
$IBM Corp (IBM.US)$climbed 14%, the highest on the Dow and S&P 5000 by percentage, after the tech stock reported a 1% climb in revenue, and its AI generative business grew to $5 billion in bookings in the quarter, up more than 200% from Q3. It hit all-time highs.
$Whirlpool (WHR.US)$stock plunged more than 19% Thursday after the home-appliance company reported a fourth-quarter loss of $393 million, or $7.10 a share, on sales of $4.14 billion.
$United Parcel Service (UPS.US)$fell 15% after the economic bellwether of sorts reported Q4 revenue below estimates and said it would reduce$Amazon (AMZN.US)$shipping numbers by 50% gradually by 2026. It was the largest decliner on the S&P 500.
$Comcast (CMCSA.US)$fell 11%, the lowest in the Nasdaq 100 after the broadband provider reported a larger drop in customers than expected.
$American Airlines (AAL.US)$shares fell slightly after a tragic collision between a regional jet and a military helicopter near Washington, DC, officials said on Thursday.
Investors, you heard what moved the market today, but what happens next could be even bigger. Stay tuned, and let me know - what's on your radar? Drop me a comment below
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Kevin Travers
OPSam Vandersey
:
people have been shittin on apple lately, for their non involvment in ai type hype chasing: their Ai type products are all within their phones and computers, not really the type of generative cool factor that open AI has, even if they can function simularly
Ultratech
Kevin Travers
OP
:
Apple has been around longer than most ppl on here been alive and they'll be around when we're all gone. ppl who shit on apple or call it weak are some of the biggest idiots on app and probably have no business being into stocks if they think apple isn't a good stock
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Sam Vandersey : frankly, I was expecting a big miss from Apple. Good that it beat expectations except for China sales
Kevin Travers OP Sam Vandersey : people have been shittin on apple lately, for their non involvment in ai type hype chasing: their Ai type products are all within their phones and computers, not really the type of generative cool factor that open AI has, even if they can function simularly
73325460 : I need help how will create account here, I'm new here
Ultratech Kevin Travers OP : Apple has been around longer than most ppl on here been alive and they'll be around when we're all gone. ppl who shit on apple or call it weak are some of the biggest idiots on app and probably have no business being into stocks if they think apple isn't a good stock