LIVE MARKETS-US stocks climb on Meta lift but Microsoft weighs

Reuters01-30

U.S. stocks modestly higher; S&P 500 leads gains up 0.2%

Comm svcs best S&P performing sector; Tech sole decliner

Euro STOXX 600 index up ~0.6%

Dollar dips; crude gains; gold up >1%; bitcoin up >2%

U.S. 10-Year Treasury yield falls to ~4.51%

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U.S. STOCKS CLIMB ON META LIFT BUT MICROSOFT WEIGHS

U.S. stocks are showing modest gains in the early stages of trading, buoyed by a gain in Meta Platforms META.O after the social media company posted its quarterly results, but gains were capped by a drop of nearly 5% in Microsoft MSFT.O after the software company's earnings.

Nearly all of the 11 major S&P sectors are higher, with the exception of tech .SPLRCT, down about 0.7%, while communication services .SPLRCL lead gains with a jump of nearly 2%, putting the group on track for its biggest daily jump since Jan. 15.

Small caps are an outperformer, with both the Russell 2000 .RUT and S&P 600 .SPCY indexes both up more than 1%, while mid caps .MID also showed strong gains.

Earlier economic data showed the U.S. economy slowed in the fourth quarter, but strong demand will likely keep the Federal Reserve on a slow path of interest rate cuts this year. There were fewer initial jobless claims than expected, pointing to labor market that remains on solid footing.

Below is your market snapshot:

(Chuck Mikolajczak)

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FOR THURSDAY'S EARLIER LIVE MARKETS POSTS:

BANKS BRIGHTEN, TECH TARNISHED, TO KICK OFF 2025 - CLICK HERE

"TARIFF MAN IS COMING" - BRACE YOURSELF - CLICK HERE

'JEVONS PARADOX': A NEW BUZZWORD AFTER DEEPSEEK AI SELL-OFF - CLICK HERE

FRANKFURT TOPS THE CHARTS, MADRID BACK TO 2008 LEVELS - CLICK HERE

BEFORE THE BELL: MAG7 MIXED, BIG EARNINGS DAY IN EUROPE - CLICK HERE

ECB UP NEXT AFTER FED LACKS CLARITY - CLICK HERE

Early trade Jan 30 https://tmsnrt.rs/40FujjO

(Terence Gabriel is a Reuters market analyst. The views expressed are his own)

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LIVE MARKETS-US stocks climb on Meta lift but Microsoft weighs

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