US stocks advanced on Thursday, Jan. 30, as a report showed consumers continued to boost economic growth despite a slight deceleration in GDP growth. The S&P 500 rose 0.5%, with the Dow and Nasdaq also moving higher.
Las Vegas Sands shares jumped 11.1% after the casino operator topped sales forecasts, driven by its strong performance in Singapore. Energy producer Vistra (VST) surged 13.6%, thanks to optimism over its potential to power AI data centers. IBM topped earnings estimates with a 13.0% surge.
In contrast, UPS missed quarterly sales and profit expectations, causing its shares to plummet 14.1%. The package delivery company announced plans to cut Amazon deliveries by 50% by the end of next year. ServiceNow and Comcast also saw their shares drop, falling 11.4% and 11.0%, respectively, as they reported mixed quarterly results.
The positive performances of Las Vegas Sands and Vistra helped offset losses from these other companies, resulting in a mixed day for US stocks.
Source: https://www.investopedia.com/s-and-p-500-gains-and-losses-today-8783132