Stock market today: Most of Wall Street rises as earnings reporting season ramps up

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Stock market today: Most of Wall Street rises as earnings reporting season ramps up

//business-finance.news-articles.net/content/202 .. rises-as-earnings-reporting-season-ramps-up.html

Published in Business and Finance on Wednesday, February 5th 2025 at 15:40 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Wall Street is drifting Wednesday as gains for most stocks outweigh drops for Alphabet and some other big-name companies following their latest profit reports. The S&P 500 was 0.2% higher in late trading.

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The article from MSN Money discusses the performance of Wall Street on a day when the focus returned to corporate earnings reports. The S&P 500, Dow Jones Industrial Average, and Nasdaq all saw slight increases, with the S&P 500 up by 0.3%, the Dow by 0.2%, and Nasdaq by 0.4%. This movement was influenced by a mix of economic indicators and corporate earnings. Notably, companies like United Airlines reported better-than-expected profits, boosting its stock by 6.6%, while J.B. Hunt Transport Services saw a decline after missing profit expectations. Additionally, the market was reacting to broader economic signals, including a drop in Treasury yields following a report on U.S. business activity which indicated a slowdown, potentially signaling a cooling economy. This could influence the Federal Reserve's decisions on interest rates, with investors now looking forward to upcoming economic data releases and Fed Chair Jerome Powell's comments for further market direction.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/stock-market-today-wall-street-edges-higher-as-focus-returns-to-profit-reports/ar-AA1yqJze ]