Wall Street Eyes Winning Week After Earnings, Inflation Data

Wall Street is higher this afternoon and headed for its second consecutive winning week, as investors continue unpack this morning's inflation reading and more major corporate earnings. At last check, the Dow Jones Industrial Average (DJI) was just above breakeven, while the S&P 500 Index (SPX) was deep in the black, and the Nasdaq Composite (IXIC) boasted a triple-digit lead. 

Midday Market Stats January 312025

Intel Corp (Nasdaq: INTChas already seen more more than 221,000 calls and 94,000 puts traded -- 3 times the average intraday volume -- after earnings, with the most activity taking place at the weekly 1/31 20-strike call. The chipmaker just posted earnings per share of 13 cents, which beat estimates by 1 cent. At last check, INTC was down 0.9% at $19.83, putting it marginally lower in 2025.

Atlassian Corp (Nasdaq: TEAMis one of the top stocks on the Nasdaq today, last seen 18.1% higher at $315.13 -- earlier hitting a nearly three-year high of $324.37. The software firm posted quarterly earnings and revenue that soared passed estimates, as well as revenue guidance that beat forecasts. Over the last six months, TEAM is 120.2% higher.

TEAM Chart January 312025

Walgreens Boots Alliance Inc (Nasdaq: WBAstock is one of the worst on the Nasdaq today, last seen 14.8% lower at $9.76. Share are falling after the embattled pharmacy chain said it would suspend its quarterly cash dividend, and said "long-term turnaround efforts" are in the works. WBA is now down 58.4% over the last 12 months.


More By This Author:

Dow Nabs Triple-Digit Pop Ahead Of Apple Earnings
Stocks Mixed After Earnings, Weak GDP Data
Major Benchmarks Falter As Fed Keeps Rates Steady

The posts on this blog are opinions, not advice. Please read our Disclaimers.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with