The tariffs that were announced over the weekend have rocked the markets, as the US indices have opened with a massive gap lower.
The Dow Jones Industrial Average (^DJI -0.75%) roared higher last year, gaining more than 12%, as some of its biggest growth companies advanced. Investors piled into stocks benefiting from the artificial intelligence (AI) boom, as well as companies likely to win in a lower-interest rate environment.
To get the latest market news check out finance.yahoo.com Tech stocks led markets lower on Wednesday as the broader mood stayed muted after the Federal Reserve's latest interest rate decision saw the central bank keep rates unchanged in a range of 4.25%-4.5%. The tech-heavy Nasdaq Composite (^IXIC) was down about 0.5%, retracing some of a bounce-back rally on Tuesday.
To get the latest market news, check out finance.yahoo.com US stocks gained steam on Thursday afternoon as investors digested megacap tech earnings and waited for Apple (AAPL) results for more clues on prospects for Big Tech. The S&P 500 (^GSPC) gained 0.5%, while the Dow Jones Industrial Average (^DJI) rose nearly 0.4%.
U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining more than 1% on Friday.
The US indices continue to see a lot of buying pressures over the longer-term, and now look like they could very well break much higher.
The earnings docket is in focus amid a slew of megacap reports , with a handful of Dow components stepping into the confessional as well.
Michigan-based company Dow Inc. announced Thursday that it would lay off 1,500 employees as part of a $1 billion cost-cutting initiative, citing sluggish demand and margin pressures. The announcement sent Dow's shares tumbling 6.3% in morning trading.
DOW faces headwinds from continued soft macroeconomic conditions and weaker prices, which weighed on its Q4 performance.
Ahead of Thursday's open, we see a drop in the blue-chip Dow index — perhaps a function of market participants spending more time with Big Tech stocks, many of which are posting, or have posted, earnings this week. The Dow has sold off -95 points at this hour, with the S&P +13 and the tech-heavy Nasdaq up an even +100.
Dow Inc. (NYSE:DOW ) Q4 2024 Earnings Conference Call January 30, 2025 8:00 AM ET Company Participants Andrew Riker - VP, IR Jim Fitterling - Chairman and Chief Executive Officer Karen S. Carter - Chief Operating Officer Jeff Tate - Chief Financial Officer Conference Call Participants Vincent Andrews - Morgan Stanley Mike Sison - Wells Fargo Hassan Ahmed - Alembic Global Jeff Zekauskas - JPMorgan David Begleiter - Deutsche Bank Josh Spector - UBS Chris Parkinson - Wolfe Research Frank Mitsch - Fermium Research Patrick Cunningham - Citi Kevin McCarthy - Vertical Research Partners John Roberts - Mizuho Securities Duffy Fischer - Goldman Sachs Michael Leithead - Barclays Aleksey Yefremov - KeyBanc Operator Greetings, and welcome to the Dow Fourth Quarter 2024 Earnings Conference Call.
Dow (DOW -6.53%), a leading materials science company, released its earnings for the fourth quarter of 2024 on Jan. 30. The results highlighted a challenging quarter, with adjusted earnings per share (EPS) coming in at $0, missing analysts' estimates of $0.24.