January 31, 2025 17:07 GMT
US STOCKS: Early Equities Roundup: Late Week Tech Stock Recovery
US STOCKS
- Stocks trade mostly higher late Friday morning, with a combination of Information Technology, Communication Services and Consumer Discretionary sectors outperforming. Currently, the DJIA trades down 15.98 points (-0.04%) at 44865.19, S&P E-Minis up 33 points (0.54%) at 6132.25, Nasdaq up 206.1 points (1%) at 19887.82.
- Tech-heavy Nasdaq and SPX Eminis trade higher ahead midday, nearly fully recovering from Monday's rout tied to China's AI startup "DeepSeek", while the DJIA trades mildly weaker after rising to 45054.36 - this month's high just off December's 45073.63 all-time high.
- Leading first-half gainers (mostly tied to positive earnings and forward guidance): Eastman Chemical +8.21%, Abbvie gained 7.16% , Super Micro Computer +6.39%, and Broadcom +5.0%.
- Laggers included Deckers Outdoor -17.05% after missing estimates and downgraded by TD Cowen, Walgreens Boots Alliance -12.35% after suspending it's dividend, ResMed -6.61% and WW Grainger -6.49%.
- Another heavy earnings docket next week includes the following on Monday-Tuesday: PepsiCo Inc, Archer-Daniels-Midland Co, Snap Inc, Alphabet, Match Group, Amgen Inc, Advanced Micro Devices, Lumen Technologies, Chipotle Mexican Grill, Juniper Networks Inc.
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