Wall Street Reacts to Mixed Earnings Reports and Economic Data
Traders processed a disappointing fourth-quarter gross domestic product (GDP) report, while notable earnings from major companies poured in. The day’s trading saw the Dow earn significant gains, and the tech-heavy Nasdaq also turned positive as investors await reports from heavyweights like Apple (AAPL), Intel (INTC), and Visa (V).
Read on to discover today’s noteworthy market developments:
Key Highlights from Today’s Market
- Blackstone (BX), an asset investment manager, is reportedly considering purchasing a 50-story skyscraper in New York City, signaling a renewed interest in office real estate. (Bloomberg)
- Following a tragic incident, 67 people are presumed dead after a collision involving a Black Hawk helicopter and an American Airlines (AAL) jet in Washington, D.C. (CNBC)
- Speculations rise regarding the immediate future of Wall Street.
- Customers faced disappointment, marking the worst day ever for a popular delivery service stock.
- Meta’s stocks surged after releasing earnings amid ongoing lawsuit discussions.
Gains for Gold and Oil Futures
In the shadow of anticipated tariff decisions from President Donald Trump regarding Canada and Mexico, oil prices crept upwards. March-dated West Texas Intermediate (WTI) crude climbed by 11 cents, or 0.2%, settling at $72.73 per barrel.
Gold futures experienced a boost today, reaching a record high due to a declining U.S. dollar and tariff concerns. The February delivery contract increased by 1.9%, trading at $2,845.80 an ounce at the latest figures.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
