US stocks showed mixed performance as President Trump addressed the World Economic Forum, with the S&P 500 rising 0.1% and the Dow up 0.3%, while the Nasdaq fell 0.2%. Investors are cautious amid AI optimism fading and uncertainty over upcoming tariffs, impacting tech stocks like Nvidia. Jobless claims rose to 223,000, slightly above expectations, as earnings reports from companies like Netflix and GE Aerospace influenced market sentiment.
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0 in Finance and 0 in Crypto last weekMarket Update Applied Digital Soars Eli Lilly and Signet Jewelers Struggle
Applied Digital shares surged after Macquarie Asset Management announced a potential $5 billion investment in its HPC data centers. In contrast, Eli Lilly’s stock fell nearly 7% following a lowered revenue forecast for 2024, while Boeing faced challenges with declining plane deliveries, leading to a 2% drop in its shares. H&E Equipment’s stock more than doubled after a $4.8 billion acquisition by United Rentals, and Signet Jewelers saw a 22% plunge due to weak holiday sales and lowered guidance.
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