UK Vehicle Production Falls Sharply in 2025 Amid Cyberattack, Tariffs, and Industry Restructuring 
Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair 
UK Housing Market Gains Momentum in Early 2026 as Mortgage Rates Fall 
Oil Prices Surge Toward Biggest Monthly Gains in Years Amid Middle East Tensions 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Asian Currencies Trade Flat as Dollar Retreats After Fed Decision 
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes 
South Korea to End Short-Selling Ban as Financial Market Uncertainty Persists 
Fed Governor Hints at Potential Rate Cuts Amid Positive Inflation Trends 
U.S. Dollar Slides for Second Week as Tariff Threats and Iran Tensions Shake Markets 
U.S. CPI Sparks Mixed Reactions, Shaping Fed Rate Cut Outlook 
Rising Bond Yields Pose Risks to US Stocks and Boost Dollar 
U.S. Eases Venezuela Oil Sanctions to Boost American Investment After Maduro Ouster 
Oil Prices Hit Four-Month High as Geopolitical Risks and Supply Disruptions Intensify 
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.
