01/31/2025

Indexes Gain as Investors Weigh Key Corporate Earnings

UPS was down after lower-than-expected 2025 revenue forecast

On Thursday, all three major U.S. stock indexes rose on Thursday as investors digested a stack of key earnings reports, with upbeat comments from Tesla helping to offset a disappointing forecast from Microsoft.

All the S&P 500 sectors were higher, except for technology, which fell 0.8 percent.

Tesla shares rose 3.3 percent and were among the biggest boosts to the S&P 500. CEO Elon Musk vowed to launch long-awaited cheaper models in the first half of 2025 and start testing an autonomous ride-hailing service in June. The comments overshadowed its quarterly results that fell short of expectations.

Please select this link to read the complete article from Reuters.