Electronic Arts Drops as Game Maker Cuts Forecast | Global News Avenue

Major U.S. stock indexes moved higher as investors absorbed the latest round of corporate earnings reports and announcements from the new presidential administration.

Speak remotely at the World Economic Forum President Donald Trump pushed for lower oil prices at a conference in Davos, Switzerland, which he said would facilitate further interest rate cuts.

The S&P 500 rose 0.5%, hitting a record closing high. The Dow rose 0.9% and the Nasdaq rebounded from negative territory in the afternoon to close 0.2% higher.

modern (messenger RNA) shares rose 10.1%, the largest gain among S&P 500 stocks. Thursday’s gains follow Oracle’s strong gains this week.ORCL) co-founder Larry Ellison discusses the potential of artificial intelligence (AI) in creating cancer vaccines. Moderna also received additional government funding last week to support its development of a vaccine for the bird flu virus.

General Electric Aerospace (GEGeneral Electric), the aerospace manufacturer that maintains GE Group’s original stock symbol, released Sales and profits better than expected fourth quarter. The jet engine parts supplier also issued strong 2025 profit guidance, citing progress in resolving supply chain issues that affected aircraft production last year. GE Aerospace shares surged 6.6%.

union pacific (united nations program) Shares rose 5.2% after rail operator beat analysts’ expectations Quarterly earnings per share (EPS) increased significantly year over year. Falling fuel costs helped drive strong results, while transportation and logistics companies also highlighted improvements in freight truck speeds and gains in workforce productivity.

Electronic Arts stock (EA) The S&P 500 had its biggest decline on Thursday, plunging 16.7% after video game makers Lower net bookings guidance. EA attributed its more modest forecast to the underperformance of several games, particularly its soccer franchise, which it expects to see year-over-year sales declines in its quarterly earnings report on February 4.

Leidos Holdings (LDOS) has signed a contract with the Transportation Security Administration (TSA) to maintain security equipment at U.S. airports, but shares of the professional services company fell 7.6%. The decline came after government contractor CACI International (CACI International) held an earnings call.CACI), which includes a discussion of the potential impact of the Trump administration’s efforts to rein in government spending. CACI shares fell 9.4%.

Micron Technology (existSouth Korean memory chip rival SK Hynix said in an earnings call that the demand outlook for 2025 is mixed, sending its shares down 4.0%. While AI demand should remain strong, SK Hynix was less sure about mobile and PC customers, pointing to trade policy and geopolitical conditions. However, U.S.-based Micron Technology may be more likely than its South Korean peers to benefit from Trump administration policies, including the recently announced Stargate AI infrastructure project.