Linea Mercati Interview 1/29/25
January 30, 2025Linea Mercati Interview 1/30/25
February 1, 2025All three major U.S. stock indexes were higher in late-afternoon trade as focused turned away from Wednesday’s Federal Reserve meeting and toward corporate earnings on deck.
The S&P 500 index was leading the equity gauges higher with a 0.8% gain, versus a 0.6% advance for the blue-chip Dow Jones Industrial Average and the tech-heavy Nasdaq Composite’s 0.6% advance, according to FactSet.
“The market obviously is going to focus more on earnings with the Fed out of the way,” said Peter Cardillo, chief market economist at Spartan Capital.
He also pointed to easing bond yields as improving the tone in markets, as well as less of a fear factor around potential disruptions to the U.S. tech complex from China’s DeepSeek’s AI platform.
S&P 500
SPX (S&P US)
DJIA
DJIA (Dow Jones Global)
Nasdaq
COMP (Nasdaq)
U.S. 10 Yr
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