Here's what is happening in the markets today, Friday, January 26
- Stocks closed higher, marking the sixth consecutive day of gains
- U.S. GDP grew 3.3% in Q4, exceeding expectations.
- Inflation data showed encouraging signs, with core PCE rising only 2%
- More than 20% of S&P 500 companies reported earnings, over 74% of them beat earnings expectations.
- Tesla (TSLA)  shares dropped over 12% after disappointing Q4 results.
- IBM shares surged more than 9% following strong earnings.
- Southwest (LUV) and American Airlines (AAL) reported better-than-expected earnings.
- Intel (INTL) drops
- Lithium futures prices plummeted over 80%, reaching record lows.
- U.S. crude oil price surpassed $76, signaling strong economic growth.
- Humana (HUM) stock downgraded, predicting a challenging 2024.
PLUS: How we trade these markets and our current positions