The U.S. stock market had a roller coaster of a day on Thursday, January 25th, with the S&P 500 rising after a strong GDP report, and the Nasdaq jumping nearly 1% following Tesla’s results.
The Dow Jones Futures rose as investors reacted positively to Tesla’s bullish earnings report, and Elon Musk’s comments that the company is “well-positioned for the year ahead”.
Before the stock market opened, investors were advised to keep an eye on five key things: the U.S. Treasury yield curve, the U.S. dollar, the euro, earnings reports, and the latest corporate earnings.
When the market opened, stocks finished mixed as investors evaluated the deluge of earnings reports. The Dow Jones Industrial Average fell 0.2%, while the S&P 500 was up 0.2% and the Nasdaq Composite was up 0.6%.
Despite the mixed results, the market rally showed a bullish trait as the Nasdaq Composite rose 0.6%, driven by strong gains in Tesla, Chevron, and Boeing.
At the end of the day, investors were left wondering why stocks were down, and what the future holds for the stock market.