U.S. Stock Market Summary for Wednesday, January 29, 2025
U.S. Stock Market Summary for Wednesday, January 29, 2025 1. Major Indices Performance: S&P 500 : Fell 0.47%, closing at 6,039.31. Dow Jones Industrial Average : Declined 0.31%, ending at 44,713.52. Nasdaq Composite : Dropped 0.5%, finishing at 19,632.32. Russell 2000 : Decreased 0.25%, closing at 2,283.10. 2. Market Overview: The U.S. stock market ended lower today as investor sentiment weakened following the Federal Reserve’s decision to hold interest rates steady and renewed concerns over potential semiconductor export restrictions to China. After-hours trading saw Tesla and Meta rebound following their earnings releases, while Microsoft declined on concerns over slowing cloud business growth. IBM surged on better-than-expected earnings. The market was already in a downtrend before the Fed's announcement due to reports that the Trump administration is considering additional restrictions on Nvidia’s semiconductor sales to China and concerns over widening trade de...