2025 Stock Surge: Intuitive Surgical Soars on Q4 Results, American Express Drops Amid Downgrade
Explore the latest U.S. stock market movements on January 10, 2025, featuring Intuitive Surgical's impressive earnings and American Express's decline following a sector downgrade.
Bill McColl brings over 25 years of expertise as a senior producer and writer across TV, radio, and digital platforms, leading teams to deliver impactful news coverage on significant global events.
Highlights
- U.S. stock markets climbed midday on January 10, 2024, ahead of critical inflation figures and upcoming earnings announcements.
- Intuitive Surgical exceeded revenue expectations, driving its stock price higher.
- American Express shares declined after BMO Capital Markets downgraded the stock amid banking sector challenges.
On January 10, 2024, U.S. equities showed gains at midday as investors awaited pivotal inflation data and earnings reports scheduled later this week. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all traded positively.
Shares of Intuitive Surgical (ISRG), renowned for its da Vinci robotic surgical systems, surged following preliminary fourth-quarter and full-year revenue results that surpassed analyst forecasts.
Homebuilder Lennar (LEN) saw its shares rise after announcing a dividend increase of $0.50 to $2 per share and unveiling plans to repurchase up to $5 billion in stock, with other homebuilders also experiencing gains.
Amazon (AMZN) shares climbed as the company revealed plans to reduce its workforce by hundreds within Prime Video, MGM Studios, and Twitch divisions.
Estée Lauder (EL) shares declined after noted hedge fund manager Terry Smith, often called "Britain’s Warren Buffett," sold his holdings.
Gilead Sciences (GILD) stock dropped following a California court ruling that the company may face negligence claims related to delays in releasing a safer HIV treatment.
American Express (AXP) shares fell after BMO Capital Markets downgraded the stock, citing headwinds in the banking industry.
Oil and gold futures remained relatively stable. The 10-year U.S. Treasury yield edged higher. The U.S. dollar weakened against the euro and British pound but strengthened versus the Japanese yen. Cryptocurrency markets showed mixed trading patterns.
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