📈 Stock Market Shockers: S&P 500's Unstoppable Rally & Tesla's Tumble
Daily Stock Market News26 Tammi 2024

📈 Stock Market Shockers: S&P 500's Unstoppable Rally & Tesla's Tumble

Here's what is happening in the markets today, Friday, January 26

- Stocks closed higher, marking the sixth consecutive day of gains

- U.S. GDP grew 3.3% in Q4, exceeding expectations.

- Inflation data showed encouraging signs, with core PCE rising only 2%

- More than 20% of S&P 500 companies reported earnings, over 74% of them beat earnings expectations.

- Tesla (TSLA) shares dropped over 12% after disappointing Q4 results.

- IBM shares surged more than 9% following strong earnings.

- Southwest (LUV) and American Airlines (AAL) reported better-than-expected earnings.

- Intel (INTL) drops

- Lithium futures prices plummeted over 80%, reaching record lows.

- U.S. crude oil price surpassed $76, signaling strong economic growth.

- Humana (HUM) stock downgraded, predicting a challenging 2024.

PLUS: How we trade these markets and our current positions



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