Sign InPre-market Movers: Tuesday, January 28
Alex Vellor
Stock futures were slightly higher Tuesday morning after a heavy tech stock sell-off on Monday. The S&P 500 and Nasdaq Composite both saw sharp declines, with the S&P 500 falling about 1.5% and the Nasdaq dropping over 3%. This tech slump was triggered by concerns over a Chinese start-up, DeepSeek, which raised doubts about the high costs associated with developing AI models. The fears that these technologies could be built for much less than the billions being invested by tech giants sent shockwaves through the AI sector.
Meanwhile, the Dow Jones Industrial Average bucked the trend, rising by 289.33 points, or 0.65%. Investors are closely monitoring market movements, as the AI sector faces new challenges while traditional stocks like Boeing and General Motors show mixed results.
| NVDA | +2.2% | Recovered from 16% drop, which erased nearly $600 billion in market value. Worst-ever fall for Nvidia. Investors are watching closely as the company navigates the AI boom and volatile market conditions. |
| GM | -0.5% | Q4 loss due to significant charges related to operations in China. Despite this, exceeded profit and revenue expectations. Raised 2025 earnings forecast, positive for long-term investors. |
| RCL | +5.1% | Reported better-than-expected Q4 earnings. Issued strong Q1 and 2025 outlook, boosting investor confidence. Positioned well for future growth in the cruise sector. |
| BA | +0.5% | CEO Kelly Ortberg detailed turnaround plan for Boeing, which has faced six consecutive annual losses. Plan to address issues signals a potential path forward for the company. |
| HSBC | -1.2% | Announced scaling back M&A and equities businesses in Europe, UK, and Americas. Focus shifting to operations in Asia, causing investor uncertainty about long-term growth. |
| VSCO | +3.9% | Barclays upgraded rating from 'equal weight' to 'overweight'. Expected 40% upside, attracting investor attention. |
| JBLU | -8.5% | Significant Q4 loss with weaker-than-expected revenue guidance. Concerns about profitability due to rising costs and lower demand. |
| KMB | -1.1% | Q4 profit miss despite exceeding sales estimates. Weaker-than-expected profit raises questions about future earnings growth. |
| RTX | +2% | Higher-than-expected Q4 results with strong top-line growth across business segments. Standout performer in a mixed market. |
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Alex Vellor
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