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Stock market news January 29 2020

Stock market news

The US stock market closed little changed, as all three major stock market indexes were flat.

The Federal Reserve left its benchmark interest rate unchanged Wednesday and reaffirmed its make-no-moves posture while it gauges how rate cuts last year cushioned the U.S. economy against a spell of weaker global growth.

Source: https://www.wsj.com/articles/fed-likely-to-hold-interest-rates-steady-11580293802

How stock market closed on Wednesday, January 29, 2020-Financial and business news

  • S&P 500: 3,273.40,-2.84(-0.09%)
  • Dow 30: 28,734.45,+11.60(+0.04%)
  • Nasdaq: 9,275.16,+5.48(+0.06%)
  • Russell 2000: 1,649.22,-9.09(-0.55%)

Stocks biggest gainers

MACOM Technology Solutions Holdings, Inc. (MTSI) was among stocks biggest gainers closing at 30.72+4.45 (+16.94%).

MTSI daily stock chart | stocks | stock market
MTSI daily stock chart | stocks | stock market

Stocks biggest losers

Silicon Laboratories Inc. (SLAB) was among stocks biggest losers closing at 102.76-15.74 (-13.28%).

SLAB daily stock chart | stocks | stock market
SLAB daily stock chart | stocks | stock market

Stock investing | Stock trading | Most active stocks

General Electric Company (GE) was among most active stocks closing at
12.94+1.21 (+10.32%).

GE daily stock chart | stocks | stock market
GE daily stock chart | stocks | stock market

U.S. Sectors & Industries Performance

Industrials was the best performing sector +0.55%, Energy was the worst performing sector -1.07%.

Stock earnings

Notable earnings today include Biogen (BIIB), Coca-Cola (KO), Eli Lilly (LLY), Hersey (HSY), Raytheon (RTN), UPS (UPS), Valero (VLO), Verizon (VZ) before market open; Amazon (AMZN), Electronic Arts (EA), Western Digital (WDC), Visa (V), Vertex (VRTX), U.S. Steel (X) after market close.

Stock market update

All data about stocks , stock investing, stock trading is taken from Yahoo Finance, Fidelity and stockcharts.com.

This report is written by Stavros Georgiadis, CFA Equity Research Analyst, Investment Strategist.

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