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      Big Tech’s earnings season in full swing! Nvidia is the only one left
      Views 4.2M Contents 173

      What’s happening - 31 Jan

      The S&P 500 ended higher as investors digested key earnings reports, with upbeat comments from Tesla helping to offset a disappointing forecast from Microsoft.
      S&P500 ⬆️ 0.53% Nasdaq ⬆️ 0.25% DJIA ⬆️ 0.38% Russell2000 ⬆️ 1.07%
      What's Sprouting
      🌱 The Fed on Wednesday kept interest rates unchanged and removed language acknowledging easing inflation from its latest policy meeting statement.
      🌱 Tesla CEO Elon Musk shared plans to launch long-awaited cheaper models in the first half of 2025 and start testing an autonomous ride-hailing service in June. The comments overshadowed its quarterly results that fell short of expectations.
      🌱 Meta shares gained after the company’s fourth quarter revenue beat analyst forecasts.
      🌱 Microsoft shares fell after the company forecast disappointing growth in its cloud computing business.
      Source: SGX, Bloomberg
      Disclaimer: Beansprout is providing this content for information use only. Read full disclaimer here.
      Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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