Stock Market Today, Jan. 28: Fed Holds Rates Steady As Megacap Earnings Begin

S&P 500 (SNPINDEX:^GSPC) slipped 0.01% to 6,978.03 contiguous successful muted post-Fed trading. The Nasdaq Composite (NASDAQINDEX:^IXIC) roseate 0.17% to 23,857.45 adjacent grounds territory, and Dow Jones Industrial Average (DJINDICES:^DJI) inched up 0.02% to 49,015.60.

Earnings disappointment deed industrials arsenic h2o solutions and bundle institution Badger Meter (NYSE:BMI) dropped 11.00% to $146.32 aft a gross miss. Megacap net are successful the spotlight, with results from Meta (NASDAQ:META), Microsoft (NASDAQ:MSFT), and Tesla (NASDAQ:TSLA) today. Tesla reported aft marketplace close, beating estimates but with a diminution successful revenues.

Meanwhile RBC reiterated its “Outperform” standing connected Intuit (NASDAQ:INTU), suggesting its caller pullback could beryllium a buying opportunity. C3.ai (NYSE:AI) roseate 4.21% to $13.13 connected merger headlines.

As expected, the Federal Reserve did not chopped involvement rates today, holding the benchmark astatine a scope of 3.5%-3.75%. Speaking aft the decision, Fed Chair Jerome Powell pointed to an improving economical outlook and a stabilizing unemployment rate. CME FedWatch present estimates determination volition beryllium 2 complaint cuts this year, with analysts leaning toward a archetypal chopped successful June.

Nasdaq roseate somewhat up of this week’s artificial quality (AI) and megacap earnings. Meta surged successful after-hours trading aft beating expert expectations. Microsoft slipped successful spite of better-than-expected results, perchance due to the fact that of capitalist concerns astir precocious AI spending. Apple (NASDAQ:AAPL) volition study tomorrow.

Results from apical tech companies volition springiness investors a amended knowing of however the AI marketplace is developing, peculiarly arsenic fears of elevated prices spark speech of a 2026 correction.

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