Stocks plummeted as investors reacted to newly imposed U.S. tariffs, with the Dow Jones and S&P 500 each down 1.8%. Target shares fell 6% despite better-than-expected earnings, while Best Buy dropped 15% due to tariff-related price increase concerns. Financial stocks also suffered, with major banks declining over 5%, and Tesla’s shares tumbled nearly 7%.
about Stocks Plunge as Tariffs Impact Markets and Investor SentimentWalgreens Boots Alliance Inc
0 in Finance and 0 in Crypto last weekTrump Tariffs Spark Market Concerns and Inflation Predictions
President Trump’s recent tariffs on Canada, Mexico, and China are expected to push PCE inflation towards 3% in the latter half of the year, according to Capital Economics’ Paul Ashworth. The market’s negative reaction highlights concerns over potential further tariffs on the EU and specific sectors like semiconductors and agriculture.
about Trump Tariffs Spark Market Concerns and Inflation PredictionsApple’s Strong Profits Help Wall Street Recover from Early Week Losses
Apple’s stronger-than-expected profits helped Wall Street recover from earlier losses, with the S&P 500 up 0.7% and on track for a weekly gain. Meanwhile, Walgreens Boots Alliance dropped 7.5% after suspending its dividend, and Exxon Mobil’s shares fell 1.8% despite reporting a solid profit. Global markets showed mixed results, with Japan’s Nikkei rising slightly while South Korea’s Kospi declined.
about Apple's Strong Profits Help Wall Street Recover from Early Week LossesApple boosts stock market as Wall Street recovers from weekly losses
Wall Street rebounded as strong earnings from major companies like Apple helped reduce earlier losses, with the S&P 500 up 0.4% and on track for a minimal weekly decline. Apple shares rose 4.2% after exceeding profit expectations, while Walgreens Boots Alliance fell 12% after suspending its dividend. Inflation data showed a rise to 2.6% in December, prompting the Fed to maintain interest rates to combat rising prices.
about Apple boosts stock market as Wall Street recovers from weekly lossesStock Market Update Apple Downgraded Walgreens Falls Moderna Rises
Stocks are poised to rise as Treasury yields decline amid tariff relief. Apple shares fell 1.3% after a downgrade from Jefferies, citing weak iPhone sales, while Walgreens Boots Alliance dropped 7% following a lawsuit related to the opioid crisis. In contrast, Moderna gained nearly 5% after receiving $590 million for a bird flu vaccine, and Intel rose over 4% amid takeover rumors.
about Stock Market Update Apple Downgraded Walgreens Falls Moderna RisesUS Stocks Plunge Amid Strong Jobs Report and Inflation Concerns
US stocks fell sharply on Friday, with the Dow down 1.3% and the Nasdaq dropping 1.6%, as a strong jobs report raised concerns about potential interest rate hikes. The economy added over 250,000 jobs in December, while inflation expectations increased, prompting fears of a tighter monetary policy. Despite the market downturn, companies like Walgreens and Delta reported strong earnings, with shares of both rising significantly.
about US Stocks Plunge Amid Strong Jobs Report and Inflation ConcernsStock Market Outlook and Key Developments for the Week Ahead
U.S. stock futures rose after a tough week, with markets set to close Thursday for former President Jimmy Carter’s memorial. Investors are eyeing December jobs data and earnings from major companies like Constellation Brands and Delta Air Lines.Global semiconductor stocks gained following Foxconn’s strong quarterly results, boosting shares of U.S. chipmakers. Meanwhile, a winter storm is impacting travel and school schedules across the country.President Biden signed legislation to increase Social Security benefits for millions and announced a ban on offshore drilling along most U.S. coastlines, marking a significant environmental policy move before the transition to the next administration.
about Stock Market Outlook and Key Developments for the Week AheadStocks 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 HighlightsInvestment Insights on Dogs of the Dow for 2025
Amgen’s stock faced pressure in 2024 due to disappointing Phase 2 results for its weight-loss drug, MariTide, despite strong earnings reports. Meanwhile, Chevron and Verizon navigated challenging market conditions, with Chevron’s performance buoyed by dividends and Verizon’s growth hindered by significant debt. Johnson & Johnson and Merck also struggled, facing headwinds from market dynamics and regulatory challenges.
about Investment Insights on Dogs of the Dow for 2025