Stock Market Today: Futures Rise on Apple’s Strong Q4, Crucial Inflation Data Looms
Market Snapshot: January 31, 2025
As of Friday, January 31, 2025, the stock market is showing signs of optimism, with futures pointing to a higher open. Investors are closely watching two key factors: Apple’s strong fourth-quarter results and the upcoming release of crucial inflation data.
Why is the Market Up Today?
The primary driver of today’s market optimism is Apple Inc. (AAPL), which reported better-than-expected earnings after the closing bell on Thursday. The tech giant’s shares are up 3.4% in premarket trading, boosting overall market sentiment. Apple’s executive comments suggest a positive outlook, with expectations of revenue growth in the low- to mid-single digits for the coming quarter.
Current Market Indexes
As of 6:41 a.m. ET, futures for major market indexes are showing gains:
– Dow futures: Up 150 points (0.33%)
– S&P 500 futures: Up 28 points (0.46%)
– Nasdaq 100 futures: Up 173.25 points (0.8%)
Stock Market News Today
Key Earnings Reports:
– Exxon Mobil (XOM) beat fourth-quarter profit estimates, with shares up 0.8% in premarket trading.
– Chevron (CVX) reported fourth-quarter earnings below estimates, causing a 2.2% drop in premarket trading.
– Intel (INTC) advanced 1.3% after posting December-quarter results that surpassed analysts’ low expectations.
Upcoming Market Events:
The most significant event on today’s economic calendar is the release of the December personal consumption expenditures (PCE) price index at 8:30 a.m. ET. This inflation gauge is closely watched by the Federal Reserve and could influence future monetary policy decisions.
Market Trends and Analysis
Despite this week’s volatility, particularly in the tech sector, all three major indexes are on track for monthly gains. The S&P 500 is less than 1% short of its all-time high reached last week.
However, investors should note that January has historically been a mixed month for equities, with the S&P 500’s returns averaging flat since 2000, according to data compiled by LSEG.
Stocks to Watch
Several stocks are making notable moves in premarket trading:
1. Vertex Pharmaceuticals (VRTX): Up 7.2% after FDA approval of its non-opioid painkiller.
2. Deckers Outdoor (DECK): Down 14.7% despite strong holiday quarter results, as annual sales forecast raise missed expectations.
3. Walgreens Boots Alliance (WBA): Down 9.8% after suspending its quarterly cash dividend amid restructuring efforts.
Global Market Influences
Global markets remain cautious as U.S. President Donald Trump reiterated his warning of imposing a 25% tariff on imports from Mexico and Canada. This geopolitical tension could impact market sentiment and trade relations.
Looking Ahead: What to Expect
As we move into February, investors will be closely monitoring several factors:
1. The Federal Reserve’s next moves, following their decision to hold interest rates steady this week.
2. Ongoing earnings reports from major companies.
3. Developments in artificial intelligence and their impact on tech stocks.
4. Potential policy changes under the Trump administration, particularly regarding trade and immigration.
Conclusion
The stock market today reflects a mix of optimism from strong tech earnings and caution ahead of important economic data. As always, investors should stay informed about market news and consider their long-term investment strategies when making decisions.
Remember to consult with a financial advisor before making any investment decisions based on market news or trends.
