Top Stock Movers Now: Apple, AbbVie, Deckers Outdoor, and More

Top Stock Movers Now: Apple, AbbVie, Deckers Outdoor, and More

The US stock market experienced a mixed day on January 31, 2025, with the Nasdaq Composite Index rising 1% and the S&P 500 Index also posting gains. The Dow Jones Industrial Average, however, remained relatively unchanged. Several major companies reported their quarterly earnings, influencing the market’s movement.

Top Gainers:

1. Apple (AAPL): Apple’s shares surged after the company reported better-than-expected earnings, driven by a significant increase in services revenue. The tech giant’s profit exceeded expectations, boosting investor confidence.
2. AbbVie (ABBV): AbbVie’s shares rose after the biotech firm reported impressive sales figures, exceeding estimates. The company’s positive outlook for revenue from its Skyrizi and Rinvoq treatments also contributed to the stock’s gain.
3. Tesla (TSLA): Tesla’s shares climbed following a report that the electric vehicle (EV) maker could significantly benefit from new emissions rules in Europe. The company’s stock has been volatile in recent months, but this news provided a boost.
4. Microsoft (MSFT): Microsoft’s shares rose after the company reported strong earnings, driven by its cloud computing business. The tech giant’s revenue exceeded expectations, solidifying its position as a leader in the industry.

Top Losers:

1. Deckers Outdoor (DECK): Deckers Outdoor, the parent company of Ugg and Hoka, was the worst-performing stock in the S&P 500. Concerns about the company’s current-quarter outlook led to a decline in its shares.
2. Colgate-Palmolive (CL): Colgate-Palmolive’s shares slumped after the company reported sales that missed estimates. The maker of toothpaste and other household products also provided weak guidance, citing negative foreign exchange rates as a major factor.
3. Walgreens Boots Alliance (WBA): Walgreens Boots Alliance’s shares sank after the company suspended its dividend to fund its “broader long-term turnaround.” This move was seen as a negative signal by investors, leading to a decline in the stock’s value.

Market Outlook:

The US stock market is expected to remain volatile in the coming days, driven by earnings reports and economic data. Investors will closely watch the Federal Reserve’s decisions on interest rates and the impact of global events on the market.

Key Economic Indicators:

1. Inflation Rate: The December inflation rate came in as expected, providing a positive signal for the economy.
2. Earnings Reports: Several major companies, including Apple, Microsoft, and Tesla, reported their quarterly earnings, influencing the market’s movement.
3. Interest Rates: The Federal Reserve’s decisions on interest rates will continue to impact the market, with investors closely watching for any changes.

Investor Insights:

1. Diversification: Investors should maintain a diversified portfolio to minimize risk and maximize returns.
2. Earnings Reports: Earnings reports provide valuable insights into a company’s financial health and future prospects.
3. Economic Indicators: Investors should closely watch key economic indicators, such as inflation rates and interest rates, to make informed investment decisions.

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Top Stock Movers Now: Apple, AbbVie, Deckers Outdoor, and More
By Bill McColl
Bill McColl
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Bill McColl has 25+ years of experience as a senior producer and writer for TV, radio, and digital media leading teams of anchors, reporters, and editors in creating news broadcasts, covering some of the most notable news stories of the time.

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Published January 31, 2025 12:02 PM EST
An Apple Inc. store in the Nanjing East Road shopping area during Lunar New Year holidays in Shanghai, China
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Key Takeaways
U.S. equities were mostly higher at midday on positive tech earnings news and a report showing December inflation came in as expected.
Apple’s services revenue jumped, lifting the iPhone maker’s profit.
Walgreens Boots Alliance suspended its dividend to raise cash.
U.S. equities were mostly higher at midday, with gains driven by tech earnings and a positive report on December inflation. The Nasdaq was up 1%, and S&P 500 was higher as well. The Dow Jones Industrial Average was little changed.

Apple (AAPL) shares advanced as the iPhone maker posted better-than-expected results on higher services revenue.

Shares of AbbVie (ABBV) rose after the biotech firm exceeded sales estimates and gave a positive outlook for revenue from its Skyrizi and Rinvoq treatments.

Tesla (TSLA) shares climbed on a report the electric vehicle (EV) maker could significantly benefit from new emissions rules going into effect in Europe this year.

Deckers Outdoor (DECK) was the worst-performing stock in the S&P 500 on concerns about the parent of the Ugg and Hoka brands’ current-quarter outlook.

Shares of Colgate-Palmolive (CL) slumped when the maker of toothpaste and other household products’ sales missed estimates and it gave weak guidance as it has been impacted by negative foreign exchange rates.

Walgreens Boots Alliance (WBA) shares sank when the biggest U.S. pharmacy chain suspended its dividend to fund its “broader long-term turnaround.”