SHAREALAM
February 10, 2025 at 03:37 AM
🇺🇸 US Stock Market Highlights (Friday)
📈 Index Performance
- Dow Jones: -0.99%
- NASDAQ: -1.36%
- S&P 500: -0.95%
📉 Key Factors
- Markets ended lower as inflation fears and tariff concerns triggered a sell-off.
- Tariff Concerns: President Trump signaled plans for reciprocal tariffs on trading partners, potentially raising tariff levels across the board.
- Consumer Sentiment Drop: February’s preliminary University of Michigan index fell to 67.8 (vs. expected 71.3**), while inflation expectations rose to **4.3%, the highest since Nov 2023.
📊 Growth Stocks & Earnings Reactions
- Amazon (-4%): Weak Q1 guidance—forecasting 5% to 9% growth, its slowest on record.
- Alphabet (-3.3%): Continued to slide after disappointing earnings earlier in the week.
📊 Economic Data
- Jobs Report: January unemployment rate fell to 4.0% (vs. 4.1% expected).
- Average Hourly Earnings: Increased more than expected, adding to inflation concerns.
💹 Other Assets
- Dollar Index: 108.1 💲
- US 10-Year Yield: 4.5%
- Brent Crude: $74.7/barrel ⛽
- Gold: $2,863/ounce 🏆
- Bitcoin: $96,970 💸
📆 Cues to Track This Week
- Inflation expectations remain key as markets digest tariff risks and economic data.