The stock market saw surprising gains as investors braced for a wave of earnings reports. By 10:05 A.M. ET, the S&P 500 was up 0.13% to 6,069.47, the Dow was down 0.034% to 44,857.99, and the Nasdaq rose 0.14% to 19,719.39. Treasury yields also inched up to 4.428% following comments from Treasury Secretary Scott Bessent. He emphasized the administration’s focus on keeping yields low rather than Federal Reserve actions.
Notably, tech giants like Amazon, Tesla, Alphabet, Meta, Apple, Nvidia, and Microsoft experienced some market softness amid concerns about the return on investment in artificial intelligence. While these companies have historically led market growth, their influence has diminished lately. Despite high-profile earnings disappointments, the S&P 500 has shown resilience in 2025 as market flows shift dynamically.
Investors remained unfazed by slightly higher than expected jobless claims as they awaited the key monthly jobs report. In corporate news, significant stock movements included Qualcomm missing revenue forecasts, Tapestry exceeding expectations and raising sales forecasts, and Bristol-Myers Squibb facing challenges from generics competition. Eli Lilly and Hershey reported positive results, while Ford and Skyworks Solutions grappled with setbacks in their respective businesses. Arm Holdings beat earnings estimates but had a weaker outlook, and Honeywell fell short of analyst forecasts for full-year earnings.
Overall, the market remained optimistic despite some hurdles, with investors closely monitoring earnings reports and economic indicators for further insights into market trends.
The stock market is showing signs of splitting into two distinct sectors: automation and aerospace. Following this news, shares experienced a notable 4.25% decrease. On the other hand, Peloton stock witnessed a significant uptick of 12.2% after the exercise equipment company exceeded expectations with its quarterly sales report.
Conversely, Roblox faced a setback with a considerable drop of 17.83% in its shares. This decline came after the gaming platform announced its projection of full-year bookings falling below what analysts had forecasted.
Turning to the cryptocurrency realm, Bitcoin showed a positive trend by edging up, albeit remaining below the significant psychological barrier of $100,000. Notably, Bitcoin received a boost from Microstrategy’s rebranding to Strategy, which highlighted its unwavering commitment to Bitcoin. As part of this rebranding, the company changed its logo to a Bitcoin symbol and proudly declared itself as “the world’s first and largest Bitcoin Treasury Company.” Strategy also disclosed that it increased its Bitcoin holdings in the closing months of the previous year, even as Bitcoin reached new peaks around the time of Donald Trump’s presidential election.
At the time of the latest update, Bitcoin had climbed by 1.34%, reaching a value of $97,861.87. Medora Lee, a seasoned money, markets, and personal finance journalist at USA TODAY, provides valuable insights on these developments. For further information and expert analysis, you can contact her at mjlee@usatoday.com and stay informed by subscribing to our complimentary Daily Money newsletter, delivering personal finance tips and business updates every Monday through Friday.
This comprehensive coverage can be found originally on USA TODAY, showcasing the stock market’s positive momentum as gains extend beyond the well-known “Magnificent 7” companies.
