Johnson & Johnson’s stock dropped more than 3% Wednesday after the medical-technology and drug company beat estimates for the fourth quarter but as lower sales guidance for the year stoked fears of tougher times ahead.

GE Vernova posted a surge in revenue in its latest quarter, but the results came up short of what Wall Street had predicted. The energy company logged net income of $484 million, or $1.73 a share, compared with $197 million, or 72 cents a share, a year earlier. Analysts polled by FactSet were expecting $2.55 a share.

Wall Street’s so-called fear gauge was down Tuesday, as the U.S. stock market staged a broad rally in its first day of trading under the new White House administration. The Cboe Volatility Index was falling around 4.

Wall Street's main indexes rose on Tuesday, with the S&P 500 and the Dow closing at their highest levels in more than a month as investors assessed Donald Trump's first actions as U.S. president and were encouraged that he did not start his second term with blanket tariff increases.

The S&P 500 climbed to 6,100 for the first time during Wednesday's session. Traders cheered strong earnings and an AI initiative Trump announced on Tuesday.

The company provided investors with an update ahead of its fireside chat at the ICR Conference, scheduled for Tuesday morning. It will report full results for the quarter in early March.

Netflix, Oracle and other tech stocks lifted U.S. indexes as their profits pile higher and excitement builds around AI's moneymaking prospects.

Another engine of value creation for Wall Street that has been slow in recent years is the IPO market — which is also set to pick up.

Wall Street has been seesawing for weeks as traders tear up their forecasts for what the Fed will do with interest rates in 2025. A further easing would boost the U.S. economy and prices for investments, but it could also give inflation more fuel.

Goldman Sachs is tapping several executives to lead its prized Wall Street businesses, it said on Tuesday, as part of a management reshuffle less than a week after reporting its biggest quarterly profit in more than three years.

Bank of America made $6.7 billion of profit in the fourth quarter of 2024, more than doubling earnings from a year earlier and beating analysts’ estimates of $6 billion. The second-largest U.S. lender by assets posted per-share earnings of 82 cents,

Important earnings season ahead as investors look for positive signs that the US economy can continue to be resilient in 2025