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Live Stock Financial Podcast. What are you watching on the market?
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Live Stock News: Sideways Trading Market After Big TSMC, UNH Earnings, Philly Economy is Booming

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Kevin Travers joined discussion · Jan 17 00:03
Live Stock News: Sideways Trading Market After Big TSMC, UNH Earnings, Philly Economy is Booming
Happy Thursday, investors, it's January 16th, and you won't believe the livestock moves today. The market is whiplashing today, first up, now down, and now trading flat. You would never know that a bullish sign came out of Philly on Thursday morning.
$UnitedHealth (UNH.US)$ fell 4%, the lowest percentage decliner on the Dow Jones after the firm reported Q4 earnings above estimates but total revenue of $100 billion when analysts wanted $101 billion.
$Symbotic (SYM.US)$ climbed 19% after the smaller AI firm said it was buying the "Advanced Systems and Robotics" business from $Walmart (WMT.US)$, and use the segment to supply Walmart with automated tech. It was the highest advancing stock over $1B market cap within the $Russell 2000 Index (.RUT.US)$
$Bank of America (BAC.US)$ BofA's profit more than doubled to $6.67 billion, the firm said Thursday, posting earnings of just $0.82 a share. $Morgan Stanley (MS.US)$ rose 2.2% after the investment bank reported fourth-quarter earnings of $2.22 a share, beating estimates of $1.70 and rising from 85 cents a share a year earlier.
$Taiwan Semiconductor (TSM.US)$ shares climbed 4% after the firm reported stronger-than-expected profit and said artificial intelligence demand will help offset a typically weak period for smartphone sales in the current period. The biggest contract microchip maker, Nvidia supplier, said its earnings jumped 57% to $11.37 billion.
Elsewhere in the economy,   $Crude Oil Futures(MAR5) (CLmain.US)$ clung to $77/barrel. Prices pulled back in part on news of an Israel-Hamas cease-fire deal helped to ease some worries about risks to global supplies, according to MarketWatch. Prices also fell slightly after the eighth straight decline in U.S. crude inventories and the Biden administration's fresh sanctions on Russian crude.
Live Stock News: Sideways Trading Market After Big TSMC, UNH Earnings, Philly Economy is Booming
Gold and silver climbed, and treasuries fell.   $Bitcoin (BTC.CC)$ hovered at $99k.
Overall, the market was sideways Thursday morning. Just past 11 am ET the     $S&P 500 Index (.SPX.US)$ traded +0.12%, the $Dow Jones Industrial Average (.DJI.US)$ fell 0.09%, and the     $Nasdaq Composite Index (.IXIC.US)$ fell 0.08%.
In macroeconomic news, Core retail sales rose less than expected in December, while initial jobless claims were higher than last week's ultra-low 201k.
Wednesday, the Federal Reserve's latest Beige Book survey showed prices have risen over the past six weeks and are expected to continue this trend into the new year, particularly with the potential implementation of higher tariffs proposed by President Donald Trump.  
This morning's major news: the Philidelphia Fed Manufacturing Index climbed a whopping 44 points, compared to an expected contraction of 5 points, in an index that has not seen growth numbers like that since 2021. Data from 250 manufacturers measures if business conditions are healthy, and apparently, they are booming.
Yesterday, users were picking stocks like there was no tomorrow. One user sent in a ton of pictures of his farm animals, and if that is not good luck for investing today, I don't know what is.
Traders, what do you think? What are you watching on the stock market today? What is the herd following? Let me know in the comments below! $S&P 500 (LIST91326.US)$
Want to keep up to date with the market and all its feelings-driven swings, all in under three minutes? Click here to follow the Live Stock Podcast topic. Comment below or in the hot topic for a chance to appear on the podcast! I want to talk about what you are investing in!
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Kevin Travers
Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office. Fmr CNBC contributor, reporter/investor/trader Posts do not represent mm
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