Stocks gain as Meta, Tesla boost investor mood; gold hits record
By Lawrence Delevingne and Amanda Cooper BOSTON/LONDON (Reuters) -Wall Street shares advanced on Thursday as investors cheered updates from Meta and Tesla , while gold hit a record and the U.S. dollar advanced on potential tariffs.
The Stock Market Has a Big Day on Jan. 29. Here's What Investors Should Know.
However, the U.S. stock market could move sharply on Jan. 29 and Jan. 30 based on commentary from the Federal Reserve, and earnings results from several "Magnificent Seven" companies: Apple ( AAPL 3.65%), Meta Platforms ( META 2.19%), Microsoft ( MSFT 2.91%), and Tesla ( TSLA 0.24%). Read on for details.
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Wall Street on Edge: Tech Gains and Market Shifts
Wall Street futures rose with gains from tech giants like Meta and Tesla after the Federal Reserve paused its rate-cutting cycle. Meta and Tesla's positive reports contrasted with Microsoft's disappointing cloud forecast.
Stock Market Today: Dow falls nearly 140 points, S&P 500 and Nasdaq end lower, bond yields rise as Fed pauses rate cuts, signals no hurry to resume
Investors react to the Federal Reserve's policy decision and Chairman Jerome Powell's press conference, as well as results from Meta, Microsoft and Tesla.
What to Watch as the Federal Reserve Meets
The Federal Reserve is widely expected to hold its benchmark interest rate steady Wednesday, taking a pause after cutting short-term rates [by a full percentage point](
Stock market today: Tesla, IBM and Meta lead most of Wall Street higher
Stock Market Today: Meta and Tesla Gain, Airlines Pressured After American Jet Crashes Near DC
Stock Market Today: Stocks lower with Fed, Microsoft, Tesla in focus
Stock futures rise after Meta Platforms, Tesla report earnings: Live updates
In extended trading, shares of Meta Platforms and Tesla gained nearly 2% and 5%, respectively, while Microsoft shares dipped 4% after the companies reported earnings. Both Meta and Microsoft beat on the top and bottom lines, but Tesla missed expectations.
What to Expect in the Markets This Week
Federal Reserve interest rate decision, Jerome Powell comments, PCE inflation, U.S. GDP, and earnings from Tesla, Meta, Microsoft, Apple and more.
Stocks end down as Fed shifts inflation view. Nvidia slides on talk of China sales curb
US stocks fall after the Fed held rates steady but suggested the inflation drop has stalled. Meta, Tesla and Microsoft report earnings after the bell.
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Dow closes more than 150 points higher in volatile session after slew of earnings reports: Live updates
Wall Street is coming off a losing session after the Federal Reserve paused its interest rate-cutting campaign, leaving its borrowing rate unchanged in a range between 4.25% and 4.5%. In their postmeeting statement, policymakers noted that inflation remains "somewhat elevated."