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Stock Market Update Thursday January 30, 2025

Stock Market Update Thursday January 30, 2025 Stocks closed higher, recovering from the previous session’s declines, as investors digested a mixed batch of mega-cap earnings and a slightly weaker-than-expected GDP print. The S&P 500 gained 0.5%, the Nasdaq 100 added 0.4%, and the Russell 2000 outperformed with a 1% advance. After-hours earnings reactions remain muted, with Intel (INTC) up 2% and Apple (AAPL) little changed ahead of their respective earnings calls.


Away From Stocks: Treasury's also found support, as the 2-year and 30-year yields eased to 4.18% and 4.76%, respectively, each retreating by three basis points. In commodities, WTI crude reclaimed the $73 per barrel level, while gold surged to a record high of $2,793 per ounce. Meanwhile, bitcoin rallied to $105,000, and the VIX slid below 16, signaling reduced market volatility.


 

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