AAPL and BA were two big earnings winners today
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| | | 1/29/2020 | |
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| Dow Adds Marginal Gains as Fed Keeps Interest Rates Steady | | By Patrick Martin | | The Dow scraped together another win today, propped up by post-earnings surges from blue chips Apple (AAPL) and Boeing (BA). The blue-chip index was up more than 220 points at its session highs, but pared away most of its gains in the final hour. Elsewhere, the Federal Open Market Committee (FOMC) wrapped up its January meeting by keeping the benchmark funds rate between 1.5% to 1.75%, a decision widely expected by Wall Street. Fed Chair Jerome Powell -- in his post-decision press conference -- remarked that the U.S. labor market "continues to perform well." The S&P 500 pivoted into the red in the final minutes, while the Nasdaq held on for a slim victory, as investors continue to monitor the coronavirus outbreak in China. Continue reading for more on today's market, including: - A deep dive into the 25 best stocks to buy in February.
- Options bears bombarded Cree stock ahead of earnings tomorrow.
- Plus, 25 stocks to avoid in February; two more bull notes for Amazon.com; and analyst movement after AMD earnings.
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