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Wall St slips with mixed data and earnings ahead of Fed week

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Wall Street's main indexes closed lower on Friday as investors stepped back while they digested a mixed bag of economic data and earnings reports and prepared for a week filled with economic releases and a Federal Reserve meeting.
U.S. stock index futures dipped on January 24, 2025, as investors awaited key economic data and corporate earnings while grappling with policy uncertainty following former President Donald Trump's victory in the New Hampshire Republican presidential primary. The market was particularly focused on upcoming releases like the fourth-quarter GDP figures and the personal consumption expenditures price index, which could influence the Federal Reserve's interest rate decisions. Additionally, earnings from major companies like Tesla, Intel, and Chevron were anticipated, with investors looking for signs of economic health and corporate performance amidst political uncertainty. The S&P 500 and Nasdaq had recently hit record highs, but there was caution due to potential policy shifts if Trump were to return to office, including changes in tax policies, trade relations, and regulatory environments.

Read the Full Reuters Article at:
[ https://www.reuters.com/markets/us/futures-dip-trump-policy-uncertainty-data-earnings-awaited-2025-01-24/ ]