U.S. Stock Futures Steady Amid Bank Earnings and Inflation Focus 
Asian Currencies Stay Rangebound as Dollar Holds Near Six-Week High Amid Iran War Concerns 
Asian Tech Stocks Surge Amid OpenAI’s $500 Billion AI Partnership 
US Stock Futures Steady as Nvidia Earnings and Iran Tensions Keep Investors on Edge 
Asian Stocks Mixed as Tech Shares Slide Ahead of Nvidia Earnings 
Cleveland Fed President Warns of Ongoing Inflation Challenge 
Dollar Holds Near Six-Week High as Iran War Fuels Inflation Fears and Boosts Fed Rate Hike Bets 
Asian Currencies Slide as Iran Conflict Fuels Dollar Strength and Inflation Fears 
Gold Prices Steady as Iran War Fuels Inflation and Rate Concerns 
Oil Prices Drop as Trump Delays Iran Strike, Russia Sanctions Waiver Eases Supply Concerns 
Bessent Urges G7 to Strengthen Iran Sanctions Amid U.S.-China Talks 
Asian Stock Markets Slide as Nvidia Earnings, Oil Prices, and Middle East Tensions Weigh on Investors 
U.S. CPI Sparks Mixed Reactions, Shaping Fed Rate Cut Outlook 
China to Buy 200 Boeing Jets, Push for Extended U.S. Trade Deal 
Fed Governor Hints at Potential Rate Cuts Amid Positive Inflation Trends 
ECB’s Nagel Says Central Banks Can Do More to Support Markets Amid Inflation Concerns 
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.
