Wall St ends lower as White House says Trump to implement tariffs

Wall St ends lower as White House says Trump to implement tariffs

By Caroline Valetkevitch

Fri January 31, 2025 5:04 PM

Though there was a little backpedaling on tariffs yesterday, they were back in the news full force today. As the tariffs were up starting Saturday, the market was down and it was no surprise that the sectors hardest hit were electronics and energy, the two industries expected to be most impacted by tariffs. All the indexes were rather handsomely in the black during the morning until about 1:00 p.m., the Nasdaq up some 300 points. It was precisely at that hour that Trump must have announced that the tariffs were on because at that precise hour, all three indexes dropped like a rock.  

Indexes end up as investors weigh earnings; tariff talk a damper

Indexes end up as investors weigh earnings; tariff talk a damper

By Caroline Valetkevitch

Thu January 30, 2025 6:51 PM

After a tepid beginning to the day, triggered mostly by Microsoft announcing a weaker forecast after yesterday’s strong Q4, all the indexes got a boost right around 12:30 brought on by a stack of Q4 reports including Meta and IBM beating forecasts. More than 70% of reporting S&P companies have now beaten forecasts. Investors are also now looking the other way from Tesla’s disappointing Q4 after today’s Musk comments about future Tesla plans helped boost that stock and the market.  

US stocks dip, dollar steady as traders digest Fed rate pause, tech earnings

US stocks dip, dollar steady as traders digest Fed rate pause, tech earnings

By Lawrence Delevingne and Marc Jones

Wed January 29, 2025 4:59 PM

Although it’s long been expected that the Fed would keep rates steady this month, the one thing the Fed did differently today was omitting the usual reassuring comments about inflation being on the right path or giving a potential timeline for the next cut. Instead it was a simple announcement of no change and that was enough to send all three indexes into a tailspin, the Dow down over 370 points by 2:30 which seemed to be the time that Microsoft turned in its good Q4 report which in turn sent the market into a rebound.   

Nasdaq leads Wall St higher, tech shares recover from Monday's sell-off

Nasdaq leads Wall St higher, tech shares recover from Monday's sell-off

By Caroline Valetkevitch

Tue January 28, 2025 6:44 PM

The bargain hunters were out in force from the outset today with both tech and Nvidia recapturing more than half of yesterday’s losses, though the overall chip index regained only 1.1%, a far cry from the 9.2% lost yesterday. The S&P tech sector had its biggest daily percentage gain since July. The was of course the typical bounceback that is always expected after a day of panic so yesterday’s expert was quite correct.  

Nasdaq drops 3% as China's DeepSeek AI model hits tech shares

Nasdaq drops 3% as China's DeepSeek AI model hits tech shares

By Caroline Valetkevitch

Mon January 27, 2025 5:25 PM

Tech plummeted like a rock and there was a flight to the more conventional industrials as the Chinese firm DeepSeek made the troubling announcement, challenging U.S. and Nvidia dominance, that they had built a bigger, better mousetrap in AI, sending Nvidia into the biggest one-day loss in history, 17%, and sending all the other sectors down with it. But to put things in perspective, though it was the biggest one-day loss, it’s only been since September that Nvidia had its other “biggest” one-day loss. The S&P also suffered its biggest one-day loss but only since Jan 10^th.  The overall chip index fared much worse registering its biggest one-day loss, a whopping 9.2%, in nearly five years.  

Wall St slips with mixed data and earnings ahead of Fed week

Wall St slips with mixed data and earnings ahead of Fed week

By Sinéad Carew and Johann M Cherian

Fri January 24, 2025 4:37 PM

A bag of mixed data including business activity slowing to a nine-month low contrasted with increased hiring which would only support the Fed’s position to slow the pace of rate cuts, all contributed to sending investors into cautionary mode and fence-sitting awaiting next week’s abundant economic news and monthly Fed meeting. All three indexes took a shot down after about the noon hour and going down all afternoon to close with losses, the Dow down 3-digits, the Nasdaq almost that far.  

S&P 500 notches closing record with focus on Trump comments, earnings

S&P 500 notches closing record with focus on Trump comments, earnings

By Sinéad Carew and Johann M Cherian

Fri January 23, 2025 4:53 PM

Trump’s comments today demanding that OPEC lower oil prices and that the Fed continue more rate cuts injected a megadose of optimism into the markets shooting the Dow up to a mid-3-digit gain and the S&P to another record high. This is contrasted however with the announcement of 25% tariffs going into effect February 1 on Canada, Mexico and China. Since we get so much of our oil comes from Canada, how investors think the price of oil is coming down falls somewhere in the realm of wishful thinking.