{"id":6197,"date":"2025-02-06T13:50:02","date_gmt":"2025-02-06T18:50:02","guid":{"rendered":"https:\/\/guardianglobe.org\/?p=6197"},"modified":"2025-02-06T13:50:05","modified_gmt":"2025-02-06T18:50:05","slug":"sp-500-and-nasdaq-edge-higher-as-earnings-lift-markets","status":"publish","type":"post","link":"https:\/\/guardianglobe.org\/?p=6197","title":{"rendered":"S&P 500 and Nasdaq Edge Higher as Earnings Lift Markets"},"content":{"rendered":"\n

The S&P 500<\/strong> and Nasdaq<\/strong> ticked up on Thursday, buoyed by strong earnings reports from major companies, while investors awaited President Donald Trump\u2019s<\/strong> next policy moves and a key jobs report<\/strong> on Friday.<\/p>\n\n\n\n

Strong Earnings Fuel Market Gains<\/h2>\n\n\n\n

Several companies posted upbeat results, providing relief to markets:<\/p>\n\n\n\n

    \n
  • Eli Lilly (LLY)<\/strong> rose 4%<\/strong> after forecasting annual profits above estimates.<\/li>\n\n\n\n
  • Tapestry (TPR)<\/strong>, the parent company of Coach, surged 12.3%<\/strong> after raising its annual sales and profit outlook<\/strong>.<\/li>\n\n\n\n
  • Philip Morris International (PM)<\/strong> climbed 9.4%<\/strong> on a strong earnings beat and an optimistic 2025 profit forecast<\/strong>.<\/li>\n<\/ul>\n\n\n\n

    Meanwhile, Honeywell (HON)<\/strong> fell 6.3%<\/strong> after announcing plans to split into three companies<\/strong> and issuing a disappointing 2025 forecast<\/strong>, dragging down the Dow.<\/p>\n\n\n\n

    Market Performance<\/h2>\n\n\n\n

    At 11:26 a.m. ET<\/strong>, major indexes were mixed:<\/p>\n\n\n\n

      \n
    • Dow Jones:<\/strong> -75.92 points (-0.17%) to 44,797.36<\/li>\n\n\n\n
    • S&P 500:<\/strong> +14.66 points (+0.24%) to 6,076.14<\/li>\n\n\n\n
    • Nasdaq Composite:<\/strong> +42.11 points (+0.21%) to 19,734.44<\/li>\n<\/ul>\n\n\n\n

      Seven of the 11 S&P 500 sectors<\/strong> traded higher, led by consumer staples<\/strong> and financials<\/strong>.<\/p>\n\n\n\n

      Trade Tariffs and Market Uncertainty<\/h2>\n\n\n\n

      Markets saw a weak start<\/strong> to the week following Trump\u2019s announcement of sweeping trade tariffs<\/strong>. However, the situation improved after he suspended tariffs on goods from Mexico and Canada<\/strong> for one month.<\/p>\n\n\n\n

      Despite lingering uncertainty, Wall Street found relief in the lack of immediate retaliatory measures from China.<\/p>\n\n\n\n

      \u201cWe are in the calm before the next storm<\/strong>. Market moves will continue to be driven by geopolitical risks<\/strong>,\u201d said Scott Helfstein<\/strong>, head of investment strategy at Global X ETFs<\/strong>.<\/p>\n\n\n\n

      Investors Await Jobs Data and Fed Decision<\/h2>\n\n\n\n

      The January nonfarm payrolls report<\/strong>, due Friday, is a key indicator for the labor market and could influence the Federal Reserve\u2019s<\/strong> rate policy.<\/p>\n\n\n\n

      While the Fed is expected to hold rates steady<\/strong> at its March meeting, traders anticipate a rate cut in June<\/strong>, according to the CME FedWatch tool<\/strong>.<\/p>\n\n\n\n

      Big Movers: Skyworks, Qualcomm, Ford Tumble<\/h2>\n\n\n\n

      Several high-profile stocks saw significant declines:<\/p>\n\n\n\n

        \n
      • Skyworks Solutions (SWKS)<\/strong> plunged 23.9%<\/strong> after forecasting declining revenue<\/strong> in its mobile segment.<\/li>\n\n\n\n
      • Qualcomm (QCOM)<\/strong> fell 4.7%<\/strong> as executives said its patent-licensing business<\/strong> wouldn\u2019t see growth in 2025.<\/li>\n\n\n\n
      • Ford Motor (F)<\/strong> dropped 6%<\/strong> after warning of up to $5.5 billion in losses<\/strong> in its EV and software divisions.<\/li>\n<\/ul>\n\n\n\n

        Stock Market Breadth<\/h2>\n\n\n\n

        Advancing stocks outnumbered decliners by a:<\/p>\n\n\n\n

          \n
        • 1.36-to-1 ratio<\/strong> on the NYSE<\/strong><\/li>\n\n\n\n
        • 1.13-to-1 ratio<\/strong> on the Nasdaq<\/strong><\/li>\n<\/ul>\n\n\n\n

          The S&P 500<\/strong> recorded 30 new 52-week highs<\/strong> and seven new lows<\/strong>, while the Nasdaq Composite<\/strong> saw 101 new highs<\/strong> and 58 new lows<\/strong>.<\/p>\n\n\n\n

          Conclusion<\/h2>\n\n\n\n

          While earnings reports lifted investor sentiment, geopolitical risks and economic uncertainty<\/strong> remain key market drivers. Traders are watching for Trump\u2019s next trade policy move and the January jobs report<\/strong> to gauge the outlook for interest rates and economic growth.<\/p>\n\n\n\n

          <\/p>\n","protected":false},"excerpt":{"rendered":"

          The S&P 500 and Nasdaq ticked up on Thursday, buoyed by strong earnings reports from major companies, while investors awaited President Donald Trump\u2019s next policy moves and a key jobs report on Friday. Strong Earnings Fuel Market Gains Several companies posted upbeat results, providing relief to markets: Meanwhile, Honeywell (HON) fell 6.3% after announcing plans<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[356,3466,397,3465,613,91,3198,93,3364,3464],"class_list":{"0":"post-6197","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy","7":"tag-donald-trump","8":"tag-eli-lilly-earnings","9":"tag-federal-reserve","10":"tag-ford-losses","11":"tag-interest-rates","12":"tag-nasdaq","13":"tag-nvidia-stock","14":"tag-sp-500","15":"tag-stock-market-rally","16":"tag-trade-tariffs"},"_links":{"self":[{"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/posts\/6197"}],"collection":[{"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6197"}],"version-history":[{"count":1,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/posts\/6197\/revisions"}],"predecessor-version":[{"id":6198,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/posts\/6197\/revisions\/6198"}],"wp:attachment":[{"href":"https:\/\/guardianglobe.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}