U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
SoftBank Eyes Up to $25B OpenAI Investment Amid AI Boom 
Cleveland Fed President Warns of Ongoing Inflation Challenge 
Rupee Marginally Weaker Amid Dollar Demand and RBI Intervention 
Rising Bond Yields Pose Risks to US Stocks and Boost Dollar 
S&P 500 Hits Record High Amid Earnings and Trump's Davos Speech 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
European Earnings Season Gains Strength as Barclays Sees Broader Profit Recovery 
Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
SoftBank and OpenAI Lead $19B Investments in Stargate AI Initiative 
Deutsche Bank Says Fed Balance Sheet Cuts Could Weaken US Dollar Instead of Boosting It 
Germany Producer Prices Rise 1.8% in June, Missing Forecasts 
US Stock Futures Fall as Netflix Outlook, Chip Selloff and Iran Tensions Weigh on Markets 
Treasury Yields Dip as Dollar Gains Amid Fed Speculation 
Asian Tech Stocks Surge Amid OpenAI’s $500 Billion AI Partnership 
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.
