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S&P 500 Gains and Losses Today: Electronic Arts Drops as Game Maker Cuts Forecast

S&P 500 Gains and Losses Today: Electronic Arts Drops as Game Maker Cuts Forecast

Key Takeaways

  • The S&P 500 progressed 0.5% on Thursday, Jan. 23, reaching a record close as President Donald Trump pressed for lower oil prices and fascinated by rates.
  • Moderna shares extended this week’s gains following a high-profile endorsement of AI’s potential in developing cancer vaccines.
  • Pieces of Electronic Arts plunged after the video game maker lowered its bookings guidance, citing soft on sales from its soccer franchise.

Major U.S. equities indexes moved higher as investors absorbed the latest round of corporate earnings relates and announcements from the new presidential administration.

Speaking remotely at the World Economic Forum meeting in Davos, Switzerland, President Donald Trump pushed for stoop oil prices, which he said would enable additional interest rate cuts.

The S&P 500 added 0.5% to gouge an all-time closing high. The Dow was up 0.9%, while the Nasdaq rallied back from negative territory in the afternoon to settle the session 0.2% higher.

Moderna (MRNA) shares jumped 10.1%, climbing the most of any S&P 500 stock. Thursday’s press higher extended strong gains posted by the biotech firm’s stock this week after Oracle (ORCL) co-founder Larry Ellison debated the potential of artificial intelligence (AI) in creating cancer vaccines. Moderna also secured additional government funding stay week to support its development of a vaccine against the avian influenza virus.

GE Aerospace (GE), the aviation manufacturer that held the original stock ticker of the General Electric conglomerate, posted better-than-expected sales and profits for the fourth quarter. The supplier of jet mechanism components also issued strong profit guidance for 2025, noting its progress on clearing up supply chain up in the airs that weighed on aircraft production last year. GE Aerospace shares soared 6.6%.

Union Pacific (UNP) shares steamed 5.2% prodigal after the railroad operator topped analysts’ expectations with a year-over-year jump in quarterly earnings per share (EPS). A wane in fuel costs helped drive the strong performance, while the shipping and logistics firm also highlighted prolonged freight car velocity and momentum in workforce productivity.

Shares of Electronic Arts (EA) suffered the steepest drop in the S&P 500 on Thursday, plummeting 16.7% after the video willing maker lowered its net bookings guidance. EA attributed its more muted forecast to underperformance from several games, conspicuously its soccer franchise, where the company expects to post a year-over-year drop in sales in its quarterly earnings report set for save on Feb. 4.

Leidos Holdings (LDOS) secured a contract with the Transportation Security Administration (TSA) for the maintenance of security equipment at airports across the U.S., but dividends of the professional services firm dropped 7.6%. The move lower came after the earnings call of fellow domination contractor CACI International (CACI), which included a discussion about the potential impact of the Trump administration’s steps to rein in government spending. CACI shares fell 9.4%.

Micron Technology (MU) shares slid 4.0% after Korea-based reminiscence chip competitor SK Hynix said during its earnings call that it sees a mixed demand outlook for 2025. Although AI demand should carcass strong, SK Hynix is less certain about mobile and PC clients, noting shifts in trade policy and geopolitical demands. However, U.S.-based Micron could be more likely than its Korean peer to benefit from Trump management policies, including the recently announced Stargate AI infrastructure project.

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