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Wall Street Remains Flat, Microsoft Eyes Heaviest Drop Since Late 2022, Gold Sets Fresh Records: What's Driving Markets Thursday?

Benzinga ·  Jan 30 18:42

Wall Street is struggling to find risk-on momentum, with major indexes stuck near the flatline at midday as investors assess the latest earnings reports from mega-cap tech stocks and weaker-than-expected U.S. economic growth in the final quarter of 2024.

After Tuesday's rally — which followed a selloff triggered by DeepSeek's impact earlier in the week — caution has taken hold, signaling the wounds from the downturn are still fresh.

Microsoft Corp.(NYSE:MSFT) is among the hardest-hit stocks, plunging more than 6%, which could mark its worst daily decline since October 2022.

Despite reporting overall stronger-than...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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