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On Thursday, January 30, U.S. markets closed higher after a turbulent session, as optimistic remarks from Tesla helped offset Microsoft’s weak outlook. Stocks briefly dipped following Trump’s proposed tariffs on Mexican and Canadian imports, fueling economic concerns. Most S&P 500 sectors advanced, with Tesla gaining traction after Musk announced plans for affordable models and autonomous ride-hailing.
In economic data, U.S. jobless claims fell to 207,000, beating estimates, while economic growth slowed to 2.3% in Q4, down from 3.1% and below expectations of 2.6%. President Trump confirmed 25% tariffs on Canadian and Mexican imports starting February 1.
Most S&P 500 sectors rose, led by utilities, real estate, and health care, while tech stocks declined.
The Dow Jones Industrial Average was up 0.38% and closed at 44,882.13, the S&P 500 closed higher ...
