Growth and labor data
Advance Q4 GDP grew 2.3% annualized versus 2.6% expected, initial jobless claims were 207,000 versus 220,000 forecast, and Q4 core PCE prices rose 2.5% as expected.
Jan 30, 2025 · QQQ/SPY Market Review · 19 headlines
QQQ gained 0.84% and SPY rose 0.68% through the following overnight session, leaving QQQ ahead by 0.16 percentage points. U.S. Q4 advance GDP grew 2.3% annualized versus 2.6% expected. initial jobless claims were 207,000 versus 220,000 forecast, and Q4 core PCE prices rose 2.5% as expected. Trump said he would impose 25% tariffs on Canada and Mexico, a prospective statement. After the close, Intel beat Q4 estimates but gave weaker Q1 guidance. Apple beat fiscal Q1 EPS and sales estimates, while Greater China revenue fell 11% year over year.
Published
Advance Q4 GDP grew 2.3% annualized versus 2.6% expected, initial jobless claims were 207,000 versus 220,000 forecast, and Q4 core PCE prices rose 2.5% as expected.
Trump said he would impose 25% tariffs on Canada and Mexico, a still prospective measure. UPS separately planned to cut volume with its largest customer by 50% by late 2026.
Intel beat Q4 EPS and revenue estimates but gave weaker Q1 guidance. Apple beat fiscal Q1 EPS and sales estimates, while Greater China revenue fell 11% year over year.
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