Weekly Market Update: January 27, 2025
01/27/25
Stocks Gain as Earnings Season Ramps
Broad equity indexes posted solid gains for the second consecutive week as fourth quarter earnings season continues to ramp. The S&P 500 gained 1.8%, the Nasdaq gained 1.6% and the Russell 2000 gained 1.4%. The upcoming week is one of the busiest of this earnings season, with mega caps Apple, Microsoft, Meta, and Tesla scheduled to report. Consensus currently expects 13% earnings growth for the fourth quarter, down slightly from the 15% expected before the reporting season began.
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