American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Wall Street rebounds as tech stocks rally; Comcast plunges, Grayscale unveils Bitcoin Miners ETF

by admin January 31, 2025
January 31, 2025
Wall Street rebounds as tech stocks rally; Comcast plunges, Grayscale unveils Bitcoin Miners ETF

US stocks climbed on Thursday in a choppy trading session as Wall Street weighed earnings from major tech giants and digested fresh economic data.

The S&P 500 gained 0.7%, while the Nasdaq Composite rose 0.5%, recovering some losses from earlier in the week.

The Dow Jones Industrial Average advanced 290 points (0.7%) as investors reacted to mixed corporate earnings, economic growth concerns, and anticipation of key inflation data.

Tech stocks drive gains despite mixed earnings

Shares of Meta Platforms rose 2%, and Tesla surged 4%, helping lift the broader market.

Meta delivered stronger-than-expected earnings, beating analyst estimates on both revenue and profit.

Tesla, despite missing Wall Street expectations on both earnings and revenue, managed to shake off the negative sentiment.

Meanwhile, Microsoft fell 6% after providing a weaker-than-expected revenue outlook for the upcoming quarter, highlighting potential headwinds for the cloud computing sector.

Investor sentiment remained cautious after the US economy grew just 2.3% in Q4, missing expectations and signaling a potential slowdown in economic momentum.

Fed pause keeps Wall Street on edge

Markets are still adjusting to the Federal Reserve’s decision to leave interest rates unchanged at 4.25%-4.50% in its latest policy meeting.

While the central bank acknowledged that inflation remains “somewhat elevated,” policymakers refrained from signaling an imminent rate cut.

Investors are now looking ahead to Friday’s personal consumption expenditures (PCE) price index report for further clues on inflation trends.

The S&P 500 and Nasdaq Composite remain on track to end the week lower, despite Thursday’s recovery, while the Dow Jones Industrial Average is the only major index positioned for a weekly gain.

Comcast suffers worst sell-off since 2008

Comcast (CMCSA) shares plummeted more than 12%, heading for their steepest one-day loss since October 2008, after the company reported disappointing broadband subscriber numbers.

The media and telecommunications giant, which owns NBCUniversal, posted larger-than-expected losses in broadband customers and reported lower-than-anticipated Peacock streaming service subscriptions, overshadowing an otherwise solid earnings report.

Grayscale launches Bitcoin Miners ETF

Crypto asset manager Grayscale launched its Bitcoin Miners ETF (MNRS) on Thursday, marking its latest effort to expand into traditional financial markets.

Unlike its existing funds that hold Bitcoin directly, the new ETF focuses on publicly traded Bitcoin mining companies, offering investors an equity-based approach to crypto exposure.

“As Bitcoin adoption grows, we believe the Bitcoin mining industry will gain further value,” Grayscale said in a statement. The firm joins competitors like Bitwise and CoinShares, which have also introduced equity-focused crypto investment products.

The post Wall Street rebounds as tech stocks rally; Comcast plunges, Grayscale unveils Bitcoin Miners ETF appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Samsung’s Q4 operating profit grew 130% in Q4: why shares slipped over 2%?
next post
IBM stock jumps 12% after strong Q4 results, fueled by AI growth

Related Posts

Settlement reached in lawsuit between Ron DeSantis allies...

March 30, 2024

Citigroup’s $81 trillion blunder: how a ‘fat finger’...

March 1, 2025

Top 2 reasons why the Wise share price...

June 5, 2025

Dave & Buster’s plan to allow betting on...

May 7, 2024

Memeinator vs Memeland: here’s why MMTR trumps its...

September 10, 2024

Applebee’s and IHOP are launching co-branded locations with...

March 9, 2024

Celsius bets on women consumers—will its stock soar?

April 1, 2025

China’s push to end oversupply could forge a...

July 9, 2025

Australia clears Woodside’s North West Shelf LNG plant...

May 28, 2025

Top 3 reasons to buy Lloyds Bank shares

June 18, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • How Donald Trump’s immigration crackdown may tank the labor market

      August 4, 2025
    • Trump’s tariff threat looms over India’s Russian oil deals

      August 4, 2025
    • Trump moves nuclear submarines near Russia: what triggered the move and what’s ahead

      August 3, 2025
    • BOE rate cuts offer little relief as UK households face mounting financial strain

      August 3, 2025
    • Retail investors shift focus to Europe as US valuations stretch

      August 3, 2025

    Categories

    • Business (3,573)
    • Investing (2,700)
    • Latest News (2,031)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved