January 23, 2025 20:01 GMT
US STOCKS: Late Equities Roundup: Drifting Near Highs
US STOCKS
- US stocks remain mixed late Thursday, the DJIA outperforming since President Trump addressed the World Economic Forum in Davos - demanding an immediate drop in interest rates and oil prices.
- Currently, the DJIA trades up 329.87 points (0.75%) at 44485.06, S&P E-Minis up 14.5 points (0.24%) at 6134.5, Nasdaq down 41.8 points (-0.2%) at 19966.92.
- Industrials and Health Care sectors led gainers in the second half, transportation stocks supporting the former with General Electric +6.30%, Union Pacific +5.14%, GE Vernova +3.69%.
- The Health Care sector was buoyed by pharmaceutical makers: Moderna +6.86%, Abbott Labs +3.68%, Bristol-Myers Sqibb +3.38%.
- On the flipside, Information Technology sector shares underperformed with profit taking weighing on semiconductor stocks after Wednesday's strong gains: Micron Tecnology -4.14%, Lam Research both -3.13%, Applied Materials -2.93% and Teradyne -2.65%.
- Earnings expected from Texas Instruments, CSX Corp and Intuitive Surgical after the close.
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