Stocks Rebound, Google Eyes Worst Drop In A Year, Gold Shatters Fresh Records: What's Driving Markets Wednesday?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 05 2025
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Source: Benzinga
Market Performance: Wall Street saw gains across major indices, with the S&P 500 up 0.3% and the Dow Jones increasing by 0.6%, driven by positive labor market data and mixed corporate earnings reports, including a significant drop for Alphabet Inc. but a surge for Broadcom Inc.
Economic Indicators: Private sector employment rose by 183,000 in January, exceeding expectations, while Treasury yields fell significantly, and gold prices surged to a record high, reflecting strong investor sentiment amidst ongoing central bank buying.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
