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Stocks End January Higher; QQQ Slides After Hours: Markets Wrap

  • The tech-heavy Nasdaq 100 still had its best month since July
  • Investors are bracing for the Fed’s decision Wednesday
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Fed Will Cut Rates This Year, JPMorgan's Kennedy SaysSource: Bloomberg
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US stocks ended January with a gain, as investors cheered signs of labor costs easing and inflation cooling as they gear up for Wednesday’s Federal Reserve decision. Traders continued to grapple with earnings after the stock market closed.

The Invesco QQQ Trust, a $153.6 billion exchange-traded fund tracking the tech-heavy Nasdaq 100, dropped in postmarket trading after Electronic Arts Inc. gave a forecast for net bookings that fell short of analysts’ estimates. Snap Inc. also fell after forecasting its first-ever quarterly revenue decline.