The S&P 500 slipped Friday as investors reacted to the latest PCE report and continued drops from Nvidia stock.
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S&P 500 falls as factory orders decline, Nvidia drops 4.5%, and tariff fears rattle investors. Traders await key Fed signals on inflation and rate cuts.
The S&P 500 added 1.59% on Friday to close at 5,954.50. The Dow Jones Industrial Average rose 601.41 points, or 1.39%, closing at 43,840.91. The Nasdaq Composite climbed 1.63% to settle at 18,847.28.
At present, the concerns around tariffs relate largely to its impact on inflation and an impact on Global growth. Inflation fears have been on the rise both in the US and globally, with Central Banks all warning about the upside risks to inflation.
The US Bureau of Economic Analysis will release the January PCE Price Index at 7:00 PM today, a key inflation gauge that could influence Federal Reserve rate cut expectations. Stay tuned for live updates!
US stocks end mostly lower, with S&P 500 and Nasdaq down for a fourth straight day. Tariffs, Nvidia's results and inflation worry investors.
The benchmark S&P 500 and the Dow were set to open higher on Friday after data showed inflation rose as expected in January, while concerns that U.S. President Donald Trump's policies could further fuel price pressures kept investors cautious.
Stocks fell sharply after reports signaled concerns that President Trump's policies could be impacting the U.S. economy.
The upcoming February non-farm payrolls report is expected to show another increase in jobs, with government employment likely to weaken. Read my analysis here.
S&P 500 futures rise on in-line inflation data, but US stocks face worst week of 2025. Nvidia, Dell, and Alibaba stocks tumble on mixed market sentiment.
Some data points suggest the S&P 500 bull market will continue through 2025. In January, the manufacturing sector expanded for the first time in over two years, while the services sector expanded for 56th consecutive month. Additionally, Wall Street expects S&P 500 companies to report accelerating growth in revenues and earnings this year.