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Post Market Wrap: January 24, 2025

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The judge who blocked President Trump's order to end birthright citizenship has put a 14-day restraining order in place while the Justice Department has vowed to "vigorously defend President Trump's [executive order.]" CBS News immigration and politics reporter Camilo Montoya-Galvez has more.
The article "Post-Market Wrap: January 24, 2025" from MSN Money discusses the key market movements and economic indicators following the trading day. It highlights that the S&P 500 and Dow Jones Industrial Average both closed higher, driven by strong earnings reports from major tech companies like Apple and Microsoft, which reported better-than-expected quarterly results. The tech sector was particularly buoyant, with Nasdaq also seeing significant gains. Additionally, the article notes a slight decrease in oil prices due to concerns over global demand, while gold prices edged up as investors sought safe-haven assets amidst geopolitical tensions. The Federal Reserve's recent comments on interest rates were also mentioned, indicating a cautious approach to rate cuts, which influenced treasury yields. Overall, the market showed resilience with mixed signals from various sectors, reflecting both optimism from corporate earnings and caution due to economic and geopolitical uncertainties.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/post-market-wrap-january-24-2025/vi-AA1xOYD4 ]