January 30, 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%).
Stocks biggest losers
Silicon Laboratories Inc. (SLAB) was among stocks biggest losers closing at 102.76-15.74 (-13.28%).
Stock investing | Stock trading | Most active stocks
General Electric Company (GE) was among most active stocks closing at
U.S. Sectors & Industries Performance
Industrials was the best performing sector +0.55%, Energy was the worst performing sector -1.07%.
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
This report is written by Stavros Georgiadis, CFA Equity Research Analyst, Investment Strategist.