Investors spent most of the day digesting a fourth-quarter gross domestic product (GDP) reading that missed expectations, in addition to several megacap earnings reports. The wave of big names announcing quarterly results is far from over, with Apple (AAPL), Intel (INTC), and Visa (V) slated to report after the close. All three indexes marked healthy wins, with the Dow climbing triple digits and the tech-heavy Nasdaq sliding into the black within the last hours of trading.
Continue reading for more on today's market, including:
- Breaking down 2 Big Tech reports.
- 25 stocks to avoid in February.
- Plus, next week's economic schedule; delivery stock takes a hit; and Meta stock rises after earnings.
5 Things to Know Today
- Asset investment manager Blackstone (BX) is reportedly looking to buy a 50-story skyscraper in New York City in a return to office real estate investing. (Bloomberg)
- A total of 67 people are presumed dead after a Black Hawk helicopter and American Airlines (AAL) jet crash in Washington, D.C. (CNBC)
- A quick look at what's next for Wall Street.
- It was the worst day ever for this delivery stock.
- Meta stock jumped post-earnings amid lawsuit buzz.
Gold, Oil Futures Enjoy Fresh Gains
With eyes still on President Donald Trump's potential tariffs on Canada and Mexico and investors awaiting news from the Organization of the Petroleum Exporting Countries and its allies (OPEC+), oil moved higher. March-dated West Texas Intermediate (WTI) crude added 11 cents, or 0.2%, to settle at $72.73 per barrel.
Thanks to a weakening U.S. dollar and tariff threats, gold futures hit a record high this afternoon. The contract for February delivery is up 1.9% trading at $2,845.80 an ounce at last glance.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
