U.S. stocks fall on Friday after the White House says Canada, Mexico and China tariffs will start Saturday. Still, major indexes finish January ahead.
Stocks surrendered early gains and closed lower after the White House said President Trump would impose promised tariffs on some key U.S. trading partners
Lenders have let borrowers pay interest with more debt to conserve cash. Like any financial maneuver, the short-term solution can’t weather a prolonged high-interest environment.
US stocks ended lower on Friday (Jan 31), with indices losing ground after the White House said US President Donald Trump will implement on Saturday tariffs of 25 per cent on Canadian and Mexican imports and 10 per cent on Chinese goods.
Meta Platforms, Tesla and most other U.S. stocks are rising Thursday following a rush of profit reports from some of the country’s most influential companies.
On a weekly basis, Wall Street’s main indexes are set for their second straight week of advances, with the blue-chip Dow on track for its biggest weekly jump since October 2022.
The cryptocurrency market is showing signs of recovery as anticipation builds around the Federal Reserve’s upcoming rate decision.
With healthy hiring and some progress on inflation, Fed official have said that the pace of rate cuts will slow this year.
After the Trump administration on Friday said 25% tariffs against Canada and Mexico would begin on Saturday, as well as an additional 10% tariffs on goods from China, markets again took a dive.
This article has been updated to correctly attribute the tariff announcement to the Trump administration. U.S. equity indices reversed earlier gains and fell into negative territory during Friday afternoon trading in New York after the White House confirmed that new tariffs on imports from Canada,
The S&P 500 lost 0.5%, and the Nasdaq slipped 0.3%. The blue-chip Dow was the only index to finish the week in positive territory. Investors have been bracing for further tariff news after Trump has repeatedly warned about using the measure.