economy

January 31, 2026

Here is what caused the wild swings in our 34-stock portfolio last week

The S&P 500 closed lower Friday after briefly topping 7,000 for the first time ever Wednesday.

Here is what caused the wild swings in our 34-stock portfolio last week

TL;DR

  • S&P 500 reached over 7,000 for the first time and closed the week up 0.34%.
  • Meta Platforms' stock surged nearly 9% after strong earnings, while Microsoft's stock dropped over 8% despite a solid quarter.
  • Software stocks, including Salesforce and ServiceNow, experienced a significant selloff due to AI disruption concerns and revaluation.
  • The Federal Reserve kept interest rates unchanged, and President Trump nominated Kevin Warsh to replace Jerome Powell as Fed chairman.
  • GE Vernova and Corning reached all-time highs following positive earnings and significant deals.
  • Starbucks shares tumbled despite a promising quarter and Investor Day, while Honeywell hit all-time highs after a strong earnings report.

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