Stock Market Overview
Wed, Feb 5th, 2025
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Stocks Settle High on Strength in Megacap Technology Stocks
Barchart - Tue Feb 4, 3:43PM CST
The S&P 500 Index ($SPX) (SPY) Tuesday closed up +0.72%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.30%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.26%. March E-mini S&P futures (ESH25) rose by +0.68%, and March E-mini Nasdaq futures (NQH25) rose by +1.26%.
Stock indexes Tuesday settled moderately higher. Stock index futures rallied in overnight trade after President Trump late Monday agreed to delay 25% tariffs on Canada for a month. Stocks extended their gains on Tuesday on strength in megacap technology stocks.
Stocks moved higher Tuesday despite the US imposing a 10% tariff on Chinese goods. China retaliated immediately and announced 15% tariffs on US coal and liquified natural gas and 10% levies on US oil and agriculture equipment. China also declared export control on tungsten-related materials, and the State Administration for Market Regulation said it would launch a probe into Google regarding anti-trust law breaches. The Chinese t... Read more
USPS lifts suspension of parcels from Hong Kong and China, reversing decision from a day earlier
AP - 19 minutes ago
The U.S. Postal Service reversed course Wednesday, saying it would continue to accept all inbound mail and packages from China and Hong Kong
Box-office smash 'Moana 2' drives Disney profit in the first quarter
AP - 33 minutes ago
Disney easily topped first-quarter expectations thanks in part to the box office success of “Moana 2.”
Stock market today: Wall Street drifts lower, dragged down by tech and anxiety over China tariffs
AP - 45 minutes ago
Wall Street shifted lower in early trading Wednesday as markets took in more corporate earnings reports while considering the impact of tariffs being imposed by the United States and China
Nonprofit's lawsuit over the federal funding freeze is part of an 'avalanche' of litigation
AP - 1 hour ago
A new coalition of nonprofits came together overnight to challenge a seemingly sweeping order from the Trump administration last week pausing trillions of dollars in federal funding
Nasdaq Futures Plunge as Alphabet and AMD Earnings Disappoint, U.S. ADP Jobs Report in Focus
Barchart - Wed Feb 5, 4:46AM CST
March Nasdaq 100 E-Mini futures (NQH25) are trending down -0.91% this morning as disappointing results from Alphabet and Advanced Micro Devices weighed on sentiment.
Japan's Toyota announces EV and battery push in China and U.S., as its quarterly profit surges
AP - Wed Feb 5, 12:24AM CST
Toyota is developing and making electric vehicles and EV batteries in China under a new partnership with the Shanghai government
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