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US stocks faced difficulties making progress on Thursday as investors processed earnings from technology giants and awaited Apple (AAPL) results for additional insights into the prospects of major technology companies. Despite gains of 0.3% for the S&P 500 (^GSPC) and a similar increase for the Dow Jones Industrial Average (^DJI), the Nasdaq Composite (^IXIC) remained near flatline, impacted by losses from Nvidia (NVDA) and Microsoft (MSFT) of 3% and 6%, respectively. Several earnings reports have drawn attention since the Federal Reserve held off on raising interest rates, with investors paying particular attention to the initial results from the "Magnificent Seven" companies that are credited for broader stock market gains.
Published on: January 30, 2025, 08:03 PM UTC