On January 29, 2026, the US stock market opened with mixed performance. The S&P 500 slightly declined, while the Nasdaq showed a slight increase. The S&P 500 briefly surpassed 7000 points for the first time before retreating.

In the sector performance, US cruise stocks showed significant gains. Royal Caribbean Cruises rose by 9.43%, Norwegian Cruise Line increased by 3.99%, and Carnival gained 2.99%. Chinese education stocks also performed well, with TAL Education Group surging by 11.99% and Tarena rising by 13.00%.

Meta Platforms, Inc. saw a significant increase of 10.09% after reporting record Q4 sales of $59.9 billion and net income of $22.8 billion, surpassing analyst expectations. The company plans to increase capital spending to $135 billion in 2026 to support its ambitious AI expansion, which positively influenced investor sentiment.

Microsoft experienced a significant drop of 9.37% following its Q2 earnings report. Despite beating revenue expectations with $81.3 billion, concerns over slowing cloud growth and high capital expenditure on AI investments led to a decline in stock price. Investors expressed concerns about the balance between AI spending and revenue generation, particularly in the cloud business.

NVIDIA remained relatively stable with a slight increase of 0.03%. The company is reportedly in discussions with Microsoft and Amazon to invest up to $60 billion in OpenAI, highlighting the major tech companies' interest in advancing AI technology.

Tesla Motors rose by 1.42% after announcing its Q4 2025 earnings report, which exceeded expectations. The company also revealed plans to invest $2 billion in Elon Musk's AI startup, xAI, and to end production of Model S and X to focus on AI and robotics.

Amazon.com saw a slight decline of 0.24% despite being part of the discussions to invest in OpenAI. The company's stock was affected by broader market trends and investor sentiment.