Fed Governor Hints at Potential Rate Cuts Amid Positive Inflation Trends 
Treasury Yields Dip as Dollar Gains Amid Fed Speculation 
Gold Prices Steady in Asia, Set for Strong February Gains on Safe-Haven Demand 
U.S. Stocks Rally as Nvidia Earnings Loom, Oil Prices Near Seven-Month Highs 
Venezuela Oil Exports to Reach $2 Billion Under U.S.-Led Supply Agreement 
Hong Kong Economy Forecast to Grow 2.5%-3.5% in 2026, Budget Deficit Set to Narrow 
Deutsche Bank Warns of Persistent Inflation Risks in 2025 
Rising Bond Yields Pose Risks to US Stocks and Boost Dollar 
Oil Prices Steady as US-Iran Nuclear Talks and Rising Crude Inventories Shape Market Outlook 
Tokyo Core Inflation Slows Below 2%, Complicating BOJ Rate Hike Outlook 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Oil Prices Near Seven-Month Highs as U.S.-Iran Tensions Fuel Supply Concerns 
Stock Futures Slip as Amazon Tumbles on Weak Outlook, Eyes on Jobs Data 
UBS Boosts Chinese Tech and AI Stocks for 2026 as Sector Eyes Strong Growth 
U.S. stocks closed lower on Friday as investor sentiment weakened following the White House’s announcement that President Donald Trump will implement new tariffs on Canadian, Mexican, and Chinese imports. The tariffs—25% on Canadian and Mexican goods and 10% on Chinese imports—will take effect on Saturday, adding to economic uncertainty.
The Dow Jones Industrial Average dropped 337.47 points (0.75%) to 44,544.66, the S&P 500 declined 30.64 points (0.50%) to 6,040.53, and the Nasdaq Composite lost 54.31 points (0.28%) to 19,627.44. Energy stocks led losses, with Chevron (NYSE:CVX) plunging 4.6% after weak earnings and Exxon Mobil (NYSE:XOM) falling 2.5%.
Apple (NASDAQ:AAPL) ended down 0.7%, reversing earlier gains from upbeat earnings commentary. Tech stocks faced pressure earlier in the week after China’s DeepSeek unveiled a breakthrough in AI technology.
Despite Friday’s decline, indexes posted gains for January, with the Dow up 4.7%, the S&P 500 rising 2.7%, and the Nasdaq gaining 1.6%. However, for the week, the S&P 500 lost 1%, and the Nasdaq dropped 1.6%.
Economic data released Friday reinforced expectations that the Federal Reserve will maintain interest rates for longer. Strong consumer spending and moderate inflation in December supported Fed Chair Jerome Powell’s stance that rate cuts are not imminent.
After the closing bell, Trump hinted at new tariffs related to oil and gas, set to be announced by Feb. 18. However, he provided no details on affected countries or specifics.
Declining stocks outpaced gainers on both the NYSE and Nasdaq, with U.S. exchange volume reaching 15.78 billion shares, slightly above the 20-day average.
