US stocks trade mixed as GDP lifts sentiment while investors brace for next wave of mega-cap earnings

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A seller works on the bottom of the New York Stock Exchange shortly after the opening bell in New York, U.S., January 24, 2020.

  • US stocks traded mixed on Thursday as GDP figures shocked to the upside, quelling some recession fears.
  • The Nasdaq slid on weak tech earnings, with Facebook mom or father Meta marking the most recent miss.
  • Apple, Amazon, and Intel are anticipated to report financials after the shut.

US stocks traded mixed on Thursday, with the Dow Jones Industrial Average notching a fifth straight win as better-than-expected GDP figures lifted sentiment.

But the Nasdaq was as soon as extra weighed down by disappointing tech earnings, this time from Meta’s quarterly miss. Shares of the Facebook mom or father plunged better than 20% and are at their lowest diploma since 2016, piling onto the weak level reported earlier throughout the week by Alphabet and Microsoft

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Tech titans Amazon, Apple, and Intel are anticipated to report their quarterly financials late Thursday, which can usher in extra volatility on Friday. 

Here’s the place US indexes stood on the 4:00 p.m. closing bell on Thursday: 

Here’s what else is happening within the current day:

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In commodities, bonds and crypto:

Read the distinctive article on Business Insider

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