The stock market ended on January 30, 2025, with significant declines across major indices. The Nasdaq Composite fell over 100 points, closing at 19,632.32, down 0.5%. The S&P 500 also dropped nearly 0.5% to finish at 6,039.31, while the Dow Jones Industrial Average decreased by 0.3%, ending at 44,713.52. This downturn follows the Federal Reserve's decision to maintain interest rates in a target range of 4.25% to 4.5%, breaking a trend of three consecutive rate cuts since September.
Among notable stock movements, Tesla Inc. saw a decline of 2.26%, closing at $389.10, despite a 4% gain in after-hours trading. The stock reached an intraday high of $398.59. Meta Platforms Inc. experienced a slight increase of 0.32%, closing at $676.49, while Microsoft Corp. shares fell by 1.09% to $442.33. In contrast, International Business Machines Corp. rose by 1.32%, closing at $228.63.
NVIDIA Corporation faced a significant drop of 4.03%, closing at $123.79, impacted by news regarding the Chinese AI, DeepSeek, which affected its valuation.
The broader implications of the Fed's decision may lead to increased market volatility as investors reassess their strategies in light of unchanged interest rates.