Wall Street ends mixed in choppy trading; Amazon, jobs report in focus
By Abigail Summerville and Sukriti
Gupta
Thu February 6, 2025 6:42 PM
Tariffs went on the backburner and earnings came up front as the Dow took a dive while the Nasdaq and S&P rose. Eyes are on Amazon’s Q4 which came in after hours beating revenue forecasts but below sales in cloud computing. Eli Lilly, Tapestry, and Philip Morris all beat expectations. The good news was an increase in unemployment benefits, which goes along with the lower job openings reported Tuesday, and increased optimism about a June rate cut.
After the DeepSeek scare, Nvidia continues to slowly regain lost ground but other chipmakers like Skyworks and Qualcomm fell. But investors remain on the fence awaiting Friday’s payroll data, which is a major metric for Fed moves, and reflected in the continuing below average volume of 13.57 billion vs 14.95 billion.
DJ: 44,873.28 +317.24 NAS: 19,692.33
+38.32 S&P: 6,061.48
+23.60 2/5
DJ: 44,747.63 -125.65 NAS: 19,791.99
+99.66 S&P: 6,083.57
+22.09 2/6
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