Economy Country January 24, 2025

US Market Trends in Red after Economic Data

US stock indices fell as disappointing economic data affected performance. The Dow Jones, S&P, and Nasdaq showed mixed results with investors reacting to consumer confidence and Trump's trade policy hints.


US Market Trends in Red after Economic Data

After the successful promotion of some indices to new records, negative economic data reversed three main indices on the red territory. Global stock markets showed mixed dynamics: the Dow Jones index fell by 0.24%, the S&P 500 decreased by 0.09%, and the Nasdaq decreased by 0.17%, remaining above the mark of 20,000 points.

The Dow Jones experienced a decline of 0.12%, while the S&P 500 rose by 0.10%, reaching a new historical mark. At the same time, the Nasdaq closed above the mark of 20,000 points. Meta shares rose by 1.44%, reaching a new level of $645.62.

In the background of falling consumer confidence in the USA for the first time this year, investors actively analyzed the latest earnings reports and hints from US President Donald Trump on the possible easing of tariffs on Chinese goods.

The Nasdaq Composite index rose by 0.20%. Shares of Nvidia, Apple, Alphabet, Tesla, and Amazon also demonstrated positive dynamics, while Microsoft showed a decrease of 0.51%.