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      Live Stock Financial Podcast. What are you watching on the market?
      Views 2M Contents 214

      Wall Street Today: Friday was Going Great Before Someone said 'Tarriffs'

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      Kevin Travers joined discussion · Jan 31 21:11
      Wall Street Today: Friday was Going Great Before Someone said 'Tarriffs'
      The market started with a climb Friday morning, even after inflation data showed prices were headed in the wrong direction, and Tumps near daily reprisal in his role in sounding the tariff alarm participated a drop. Trump has said he will implement 20-30% tariffs on allies and enemies alike starting in February.
      Just past 4 pm ET the     $S&P 500 Index (.SPX.US)$ traded -0.50%, the         $Dow Jones Industrial Average (.DJI.US)$ fell 0.75%, and the     $Nasdaq Composite Index (.IXIC.US)$ fell 0.28%.
      For the month the S&P 500 climbed 2.70%, the Nasdaq Composite Index climbed 1.64%, and the Dow Jones Industrial Average climbed 4.70%.
      MACRO
      PCE numbers showed that core inflation climbed by 2.8% in December, and inflation, including food and energy costs, climbed by 2.6%, the most since June of 2024. Six months later, it looks like PCE inflation, the FOMC's favorite way to track, is climbing, not reversing.
      The White House said 25% tariffs on Mexico and Canada and 10% tariffs on China are coming over the weekend, representing about $1.43 trillion in imports.  Tariffs like the White House describes would amount to $276.45 billion in tax revenue collected from U.S. importers in about a year.
      SECTORS
      Within industry themes tracked by moomoo, Semiconductors, DeepSeek, and Stargate stocks all rose as a group Friday, one big happy family after four massive chip and tech earnings showed this week that the big stocks were still making money, even if smaller firms find cheaper ways to sell AI.
      Wall Street Today: Friday was Going Great Before Someone said 'Tarriffs'
      Elsewhere in the economy,   $Crude Oil Futures(APR5) (CLmain.US)$ fell Friday to $72/barrel. Gold continued to hit records, and silver fell, while treasuries fell.   $Bitcoin (BTC.CC)$ hovered at $105,000.
      MOOVERS
      $Walgreens Boots Alliance (WBA.US)$ fell 10%  after the firm said it would suspend its quarterly dividend to shareholders. WSJ reported that the Justice Department sued the pharmacy company this month for allegedly dispensing opioid pills inappropriately.
      $Deckers Outdoor (DECK.US)$, the Hoka and Ugg shoemaker fell 20%, the lowest on the S&P 500, after sales jumped 17% to $1.83 billion. What was the market unhappy about? The company said its sales estimate for its current fiscal year was about $4.9 billion, below estimates for $4.93 billion.
      $Visa (V.US)$ shares fell Friday after the credit card firm reported an earnings beat, and said it's payments volume climbed 9%.
      $Exxon Mobil (XOM.US)$ shares fell 2.50% after the firm Friday said its revenue for the quarter came in at $83 billion, not enough for Wall Street expectations.   $Chevron (CVX.US)$ called the Gulf of Mexico, the Gulf of America, in its Friday morning earnings release, but that did not stop the stock from falling 4% after the firm said it pulled in less per-share profit this year and lost money refining jet fuel that saw lower demand.
      $Apple (AAPL.US)$ earnings meanwhile looked fine; they beat estimates for revenue, but iPhone sales slipped- with the largest drop coming from the Chinese market. The firm said revenue came in at $124.30 billion vs estimates of $124.22 billion, but sales in China were much softer than analysts had thought: 14% lower, at just $18.51 billion. Shares fell Friday.
      Want to keep up to date with the market and all its feelings-driven swings, all in under three minutes? Click here to follow the Live Stock Podcast topic. Comment below or in the hot topic for a chance to appear on the podcast! I want to talk about what you are investing in!
      Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Indexes are unmanaged and cannot be directly invested in. Past performance is no indication of future results. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information regarding your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty regarding its adequacy, completeness, accuracy, or timeliness for any purpose of the above content. See this link for more information.
      Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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      avatar
      Kevin Travers
      Moomoo News and Community Manager
      Moo moo News and Community Manager, NJ Office. Fmr CNBC contributor, reporter/investor/trader Posts do not represent mm
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