The Dow Jones Industrial Average dropped 670.25 points, or 1.55%, amid concerns over President Trump’s new tariffs, leading to significant losses across major indices. In his address to Congress, Trump acknowledged the tariffs’ potential economic disturbances but emphasized their necessity for economic relief. Industries, including retail and automotive, warned of rising costs and inflation due to the tariffs, with Foot Locker forecasting lower profits ahead.
about Stock Market Declines Amid Tariff Concerns and Presidential AddressAt Home Group Inc.
0 in Finance and 0 in Crypto last weekPenneys and Pinterest Launch Affordable Homeware Collection for Spring
Penneys and Pinterest have launched a stylish homeware collection just in time for Spring, featuring three trendy categories: Minamaluxe, Dainty Décor, and Cosy Cottage. This collaboration aims to make home inspiration accessible and affordable, allowing shoppers to transform their spaces without overspending. Visit your local Penneys to explore the full range.
about Penneys and Pinterest Launch Affordable Homeware Collection for SpringNew Pokemon Champions Game Announced for Nintendo Switch and Mobile Devices
A new battle-focused Pokémon game titled Pokémon Champions has been announced for Nintendo Switch and mobile devices, featuring ranked, casual, and private battle modes. The game will support cross-platform play and compatibility with Pokémon HOME, allowing players to transfer select Pokémon from previous games. No release date has been provided, as the game is currently in development.
about New Pokemon Champions Game Announced for Nintendo Switch and Mobile DevicesMarket Outlook: Key Earnings Reports and Inflation Data This Week
This week, investors are focused on key earnings reports from Nvidia, Salesforce, Home Depot, and Stellantis, amid concerns over AI spending and a sluggish housing market. The Federal Reserve will closely monitor the Personal Consumption Expenditures price index and other economic indicators, including consumer confidence and GDP revisions, as inflation data remains a critical concern.
about Market Outlook: Key Earnings Reports and Inflation Data This WeekKey Market Updates and Business Developments for Investors on Wednesday
The S&P 500 reached a record high of 6,129.58, while homebuilder sentiment fell to a five-month low due to tariff uncertainties impacting costs. Meanwhile, Elon Musk’s legal team is pushing for new legislation in Delaware to revive his blocked $56 billion pay package, and Bill Ackman has increased his bid for Howard Hughes Holdings to $90 per share, aiming to create a modern-day Berkshire Hathaway.
about Key Market Updates and Business Developments for Investors on WednesdayMarket Update Applied Digital Soars Eli Lilly and Signet Jewelers Struggle
Applied Digital shares surged after Macquarie Asset Management announced a potential $5 billion investment in its HPC data centers. In contrast, Eli Lilly’s stock fell nearly 7% following a lowered revenue forecast for 2024, while Boeing faced challenges with declining plane deliveries, leading to a 2% drop in its shares. H&E Equipment’s stock more than doubled after a $4.8 billion acquisition by United Rentals, and Signet Jewelers saw a 22% plunge due to weak holiday sales and lowered guidance.
about Market Update Applied Digital Soars Eli Lilly and Signet Jewelers StruggleStock Market Update Applied Digital Surges After Partnership Announcement
The stock market saw gains with the Dow Jones up 0.4% and the S&P 500 rising 0.5% following a lighter-than-expected producer price index report. Nvidia and Palantir attempted rebounds after losing streaks, while Applied Digital surged over 18% after announcing a partnership for data centers. H&E Equipment doubled in value on a buyout news, while Aehr Test Systems and Signet Jewelers faced significant declines after missing earnings expectations.
about Stock Market Update Applied Digital Surges After Partnership AnnouncementWall Street Gains on Positive Inflation Data Despite Key Stock Drops
U.S. stocks rose slightly following positive wholesale inflation data, with the S&P 500 up 0.1% and the Dow Jones gaining 134 points. However, declines in major companies like Eli Lilly and Nvidia limited gains. H&E Equipment Services surged over 100% after a buyout announcement, while Signet Jewelers fell 21.5% due to disappointing holiday sales.
about Wall Street Gains on Positive Inflation Data Despite Key Stock DropsStock Market Update: Futures Rise Ahead of Inflation Data and Earnings Reports
U.S. stock futures are slightly higher as investors await inflation data, with Nasdaq futures up 0.3%. Moderna’s shares continue to decline after a revenue forecast cut, while KB Home’s stock jumps nearly 10% following strong quarterly results. China is reportedly considering selling TikTok’s U.S. operations to Elon Musk amid potential bans. Investors are closely watching the Producer Price Index release, anticipating steady wholesale inflation.
about Stock Market Update: Futures Rise Ahead of Inflation Data and Earnings ReportsUS Stocks Rise as Inflation Data Eases Concerns Over Tariffs
US stocks rose on Tuesday, with the S&P 500 up 0.4% and the Nasdaq Composite gaining 0.6%, following lower-than-expected inflation data for December. The Producer Price Index increased 3.3% year-over-year, setting the stage for a key consumer inflation report. Additionally, President-elect Trump’s team is considering a gradual approach to tariff increases to mitigate inflation, which could still pose challenges for the Federal Reserve’s efforts to control price pressures.
about US Stocks Rise as Inflation Data Eases Concerns Over TariffsStocks to Buy and Sell This Week AMD and Constellation Brands
U.S. stocks closed higher on Friday, but all major indexes posted weekly declines, with the S&P 500 down 0.5%. This week, focus shifts to the U.S. jobs report and the Federal Reserve’s meeting minutes, while Advanced Micro Devices (AMD) is recommended as a buy ahead of its CES 2025 GPU showcase, and Constellation Brands is advised as a sell due to disappointing earnings.
about Stocks to Buy and Sell This Week AMD and Constellation BrandsMarket Outlook for the Week: Jobs Report and Earnings Highlights
Financial markets will close on Thursday for the funeral of former President Jimmy Carter, leading to a shortened trading week. Key data releases include the December jobs report on Friday, along with private-sector employment and initial jobless claims earlier in the week. Earnings reports from Delta Air Lines, Walgreens Boots Alliance, and others are also anticipated, while the Federal Reserve will release minutes from its December meeting and several officials are scheduled to speak.
about Market Outlook for the Week: Jobs Report and Earnings Highlights