As of 19:30 (pre-market), key updates👇

1. Indices & Pre-market Moves

- Wednesday close (1.29 early): Dow +0.02% at 49015.60; Nasdaq +0.17% at 23857.45; S&P500 -0.01% at 6978.03, briefly topped 7000 (high: 7002.28).

- Pre-market: Microsoft -7% (cloud slowdown); Meta +10% (revenue $59.89B beat); Tesla +4% (Q4 earnings beat).

- Storage surge: Seagate +19%, WD +10%, Micron +6%.

2. Fed Decision Highlights

- Rates held at 3.5%-3.75% (vote 10:2, 2 favored 25bp cut).

- Powell: Strong economy, high inflation, first cut likely delayed to Q2.

- Treasury yields up, gold breaks $5580/oz (+3.15%).

3. Earnings Key Points

1. Microsoft: Q2 revenue $81.27B beat, Azure +39% (slower growth), record capex, weak after-hours.

2. Meta: Q4 revenue $59.89B beat, Q1 guide $53.5-56.5B, ads strong, surged after-hours.

3. Tesla: Q4 beat, FY revenue first drop (-3%), net profit -61%, rose after-hours.

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