Market Action For Last Week
- S&P 500 ETF (SPY)
- Last Friday's Closing Price: $607.97
- This Friday's Closing Price: $601.82
- Point Gain/Loss: -6.15
- Percent Gain/Loss: -1.01%
- Nasdaq-100 ETF (QQQ)
- Last Friday's Closing Price: $529.63
- This Friday's Closing Price: $522.29
- Point Gain/Loss: -7.34
- Percent Gain/Loss: -1.39%
- Russell 2000 ETF (IWM)
- Last Friday's Closing Price: $228.69
- This Friday's Closing Price: $226.48
- Point Gain/Loss: -2.21
- Percent Gain/Loss: -0.97%
Upcoming Major Economic Reports and Potential Market Moving Events
- Monday, February 3, 2025
- No major economic reports scheduled.
- Tuesday, February 4, 2025
- ISM Manufacturing PMI: Provides insights into manufacturing sector health.
- Wednesday, February 5, 2025
- ISM Services PMI: Provides insights into business conditions in the U.S. services sector.
- Friday, February 7, 2025
- December's Nonfarm Payrolls and Unemployment Rate: Reflects the overall health of the economy and is closely watched by policymakers.
Upcoming Major Stock Earnings Reports
- Monday, February 3, 2025
- Palantir Technologies (PLTR) - Post Market
- Tuesday, February 4, 2025
- Alphabet (GOOGL) - Post Market
- Merck & Co (MRK) - Pre Market
- PepsiCo (PEP) - Pre Market
- Advanced Micro Devices (AMD) - Post Market
- Wednesday, February 5, 2025
- The Walt Disney Company (DIS) - Pre Market
- Thursday, February 6, 2025
- Amazon (AMZN) - Post Market
- Eli Lilly and Company (LLY) - Pre Market
- Linde plc (LIN) - Pre Market
- Philip Morris International (PM) - Post Market
Impact of Trump Tariffs
The recent announcement of new tariffs on imports from Canada, Mexico, and China by the Trump administration is likely to introduce additional volatility in the markets this week. These tariffs could lead to:
- Increased Costs for U.S. Companies: Companies relying on imports from these countries may face higher costs, potentially impacting profit margins.
- Retaliatory Measures: There is a risk of retaliatory tariffs from these countries, which could further strain trade relations and impact global supply chains.
- Investor Anxiety: The geopolitical tension may heighten investor anxiety, leading to cautious trading behavior.
Market Outlook
For the next 30 days, the market sentiment appears cautiously bearish. The recent declines in major indices, coupled with geopolitical tensions from the tariffs and upcoming economic reports, suggest potential volatility. Investors should remain attentive to these developments and adjust their strategies accordingly.