S&P 500 Top Gainers and Losers - January 23, 2025

S&P 500 Top Gainers and Losers - January 23, 2025

The S&P 500 rose 0.5% to close at a record high of 6,118.7 as investors responded to corporate earnings and announcements from President Donald Trump, including his push for lower oil prices and interest rates. All sectors closed higher, with health care and industrials leading the gains.

Top Gainers

1. Moderna (MRNA)

   • Gain: +10.1%
   • Driver:
     • Boosted by Larry Ellison's remarks on AI’s potential in developing cancer vaccines.
     • Secured additional government funding to develop a vaccine for avian influenza.

2. GE Aerospace (GE)

   • Gain: +6.6%
   • Driver:
     • Reported better-than-expected Q4 sales and profits.
     • Issued strong profit guidance for 2025, citing improvements in supply chain issues affecting jet engine components.

3. Union Pacific (UNP)

   • Gain: +5.2%
   • Driver:
     • Quarterly EPS surpassed expectations.
     • Benefited from lower fuel costs, increased freight car velocity, and improved workforce productivity.

Top Losers

1. Electronic Arts (EA)

   • Loss: -16.7%
   • Driver:
     • Lowered net bookings guidance, citing weak sales from its soccer franchise.
     • Anticipates year-over-year sales decline in its upcoming earnings report.

2. Leidos Holdings (LDOS)

   • Loss: -7.6%
   • Driver:
     • Secured a TSA contract for airport security equipment maintenance.
     • Decline linked to concerns about potential spending cuts under the Trump administration, highlighted in the earnings call of CACI International (CACI).

3. Micron Technology (MU)

   • Loss: -4.0%
   • Driver:
     • Korean rival SK Hynix reported mixed demand outlook for 2025, with uncertainties in mobile and PC markets.
     • Micron may still benefit from U.S. policies, such as the Stargate AI infrastructure project.

4. CACI International (CACI)

   • Loss: -9.4%
   • Driver:
     • Earnings call reflected concerns over government spending cuts proposed by the Trump administration.

Conclusion

The S&P 500 ended the day with broad gains, driven by optimism around earnings and policy developments. Health care and industrials outperformed, with Moderna and GE Aerospace leading the charge. On the flip side, Electronic Arts and Leidos Holdings faced significant declines due to weaker outlooks and concerns about future government spending.