As the final bell rang on the last day of January, investors were treated to a bullish stock market performance. The Dow Jones rose 1.09%, and the S&P 500 soared 1.46%. The Nasdaq was the biggest winner powering up by over 1.46% to continue the tech stocks trend.
This 1.46% increment is the highest performance of Nasdaq since the economic downturn of 2022. As a result, the stock market was a flurry of activity as top performers defied expectations and showed impressive gains while laggards struggled to keep up.
Today, we delve into the stock market to bring you the top and worst performers of these indices, offering a closer look at which companies are leading the charge and which are struggling to keep pace in this dynamic market.
The Dow Jones
The Dow Jones was a showcase of top performers on the last day of January, with Home Depot leading the charge with a stunning 3.2% rise and closing at 324.23. United Health Group followed closely behind with a 2.79% increase, settling at 499.36, while Dow Inc rounded off the top performers with a solid 2.42% gain and closing at 59.35.
Again, these companies proved that they are forces to be reckoned with, delivering impressive gains despite the volatile market conditions. On the flip side, Dow Jones also saw its share of the biggest losers, with Caterpillar Inc taking the biggest hit with a 3.5% loss.
IBM wasn’t far behind, falling 0.42%, and McDonald’s rounded off the worst performers with a 1.29% drop. However, while these companies may have stumbled, they are no strangers to adversity and are sure to bounce back soon.
The S&P 500
The S&P 500 was another star performer on the last day of January, with Smith AO Corporation leading the way with a whopping 13.72% rise and closing at 67.73. PulteGroup Inc wasn’t far behind, with a 9.54% increase and closing at 56.95, while International Paper rounded off the top performers with a 10.66% gain and closing at 41.82.
Again, these companies proved they are powerhouses in their respective industries, delivering outstanding results in tough market conditions. However, not all companies in the S&P 500 had a positive day, with Corning Incorporated taking a 4.89% hit and Phillips 66 falling 5.7%.
And let’s not forget Caterpillar Inc, among the worst performers in the Dow Jones, took another hit with a drop in the S&P 500.
The NASDAQ was the place for investors looking for big gains in January. The last day of January proved this statement, with Motorsport Gaming leading the charge with an astronomical 713.69% rise and closing at 21.40.
Atlas Technical wasn’t far behind, delivering an impressive 121.76% increase and closing at 12.13, while Mobile Global Esports rounded off the top performers with a 158% gain and closing at 2.58.
In other news, gold rose on the last day of January, with a 0.27% increase to close in 1928. Crude oil was also up, with a 1.55% rise to close at 79.11, while Brent saw a 1.28% increase. These gains in precious metals and commodities suggest that investors seek refuge in more traditional safe-haven assets and that there is an underlying bullish sentiment in the market.