Market 01/30: Q4 GDP Weaker Than Expected

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Key highlights:

• Q4 GDP only up 2.3% lower than forecast

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• Initial jobless claims show no signs of weakening

• Pending home sales plunge in December

• UPS: Gradually losing Amazon customers, down 15%

• Microsoft: AI revenue misses estimates

• Tesla: Poor earnings report but many promises

• META: Another extremely impressive quarter

• Buyers continue to dominate the market after FOMC