?? AI Attacks Taylor Swift
S&P 500 4,894.16 +25.61 (+0.53%)
Dow Jones 38,049.13 +242.74 (+0.64%)
NASDAQ 15,510.50 +28.58 (+0.18%)
Market close: January 25, 2024
Breaking News
Explicit, AI-generated Taylor Swift images
spread quickly on social media underscoring the damaging potential posed by artificial intelligence technology. CNN reports.
(Source: Wikimedia Commons by Makaiyla Willis )
The Warm Up
The Federal Reserve held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024. CNBC reports.
The US economy remained shockingly robust with gross domestic product rising at a seasonally adjusted, annualized 3.3% rate from October through December. CNN reports.
Nokia sales and profits drop ? as economic challenges lead to a cutback on 5G investment. ABC reports.
Tesla erases $80 billion in valuation after CEO Elon Musk warned sales growth would slow this year. Reuters reports.
Comcast topped revenue and profit estimates despite broadband subscriber losses. CNBC reports.
Snapchat+ is reportedly introducing an AI Bitmoji pet Yes. An AI pet — for when you need a companion. Mashable reports.
Friday Fact
Did you know? The S&P has accurately determined the correct U.S election winner 87% of the last 22 times. The S&P 500 has historically been a notably accurate predictor of election winners, with the incumbent party typically winning when the S&P climbs in the three months before the election. Who will the market predict to win in 2024? Read more
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Yesterday’s Biggest Movers
The closing price of the top three market percent gainers trading near or above $3 on January 25.
(All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time)
1. $PCSA: Processa Pharma
Total gain: (146%)
The company announced the completion of the safety tolerability evaluation in its Phase 1b trial of Next Generation Capecitabine. Benzinga reports.
2. $VERA: Vera Therapeutics
Total gain: (48%)
The company announced positive 72-week data from the open label extension (OLE) period of its Phase 2b ORIGIN clinical trial of atacicept in participants with IgA nephropathy (IgAN). Benzinga reports.
领英推荐
3. $RVSN: Rail Vision
Total gain: (39%)
The company announced that its affiliate, Rail Vision, has received formal certifications for critical European Union (EU) railway standards for its Main Line system. Benzinga reports.
Today’s Notable Earnings
(Estimate and Actual numbers represent Earnings Per Share in US Dollars)
AXP American Express
Quarter 4, 2023
Before Market Open Estimate: 2.64 Actual: 2.62
BKU BankUnited
Quarter 4, 2023
Before Market Open Estimate: 0.69 Actual: 0.74
CL Colgate-Palmolive
Quarter 4, 2023
Before Market Open Estimate: 0.85 Actual: 0.87
Today’s Key Economic Dates
Time (ET) / Report / Period
08:30 am Personal Income
December
08:30 am Personal Spending
December
08:30 am
Core Personal Consumption Expenditures Index
December
Extra-Time
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Parting Thoughts
"Courage taught me no matter how bad a crisis gets... any sound investment will eventually pay off." — Carlos Slim Helu
Sourced in: Secrets of Wealthy People: 50 Techniques to Get Rich By David Stevenson · 2014
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