Today stock market news 02-02-24
In the world of finance today, the narrative feels more like a tale of resurgence and expectation. Imagine the stock market as a vast ocean. Yesterday, it was tumultuous, waves crashing down, driven by the storm of uncertainty from the Federal Reserve’s stance on interest rates.
| Subject | News | Probable Market/Stock Movement |
|---|---|---|
| Apple | Apple exceeds revenue expectations but faces challenges in China. | Potential stock increase due to revenue growth, but watch for impacts of challenges in China. |
| Meta Platforms | Meta announces a $50 billion buyback and its first dividend. | Likely stock increase due to buyback and dividend announcement. |
| Amazon | Amazon beats net income estimates and provides optimistic sales forecasts. | Stock increase expected due to strong performance and optimistic forecasts. |
| S&P 500, Dow Jones, Nasdaq | US stock indexes recover after Fed-induced turbulence. | General market recovery, with a focus on tech stocks. |
| Disney | Disney tightens password sharing policies for Hulu. | Possible negative impact on Disney shares if users react poorly to new policies. |
| Fed Atlanta | Atlanta Fed forecasts 4.2% economic growth for Q1 2024. | General market optimism could rise due to economic growth forecast. |
