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Economy

mahatmakanejeeves

(62,542 posts)

2. Stock market today: US futures subdued amid Tesla gloom, GDP countdown

Reply to mahatmakanejeeves (Original post)

Thu Jan 25, 2024, 08:10 AM

Jan 2024

Yahoo Finance

Stock market today: US futures subdued amid Tesla gloom, GDP countdown

Karen Friar · Editor
Thu, Jan 25, 2024, 7:45 AM EST 2 min read

US stock futures were little changed on Thursday as downbeat Tesla (TSLA) earnings and the wait for an update on US economic growth kept the muted market from finding a foothold.

{snip}

Meanwhile, the preliminary update on GDP in the fourth quarter is on deck. Analysts expect the US economy to have grown at a 2% annualized rate, with Wednesday's strong manufacturing and services activity report adding to recent data signaling resilience in the face of interest rate hikes.

Read more: What the Fed rate-hike pause means for bank accounts, CDs, loans, and credit cards

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