Stock market today: Wall Street finishes a winning week just shy of a record :
U.S. stocks are drifting Tuesday following President Donald Trump’s latest tariff ...
bnnbloomberg.ca/markets/2025/02/11/stock-market-today-wall-street-falls-as-trump-imposes-new-tariffs-on-steel-and-aluminum-imports/
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Wall Street Holds Steady Amid Tariffs and Inflation FearsS&P 500 ended the week higher despite new tariffs and strong inflation signals in early February 2025.
Key FactsFeb 11, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: bnnbloomberg.ca
Summary created with AI assistance · Source: bnnbloomberg.ca
- The S&P 500 showed minimal losses after mixed corporate earnings but still closed the week with gains.
- Companies like Airbnb and Wynn Resorts surpassed profit expectations, while Applied Materials lowered its revenue forecast.
- Persistent inflation and newly announced steel and aluminum tariffs are dampening hopes for Federal Reserve rate cuts soon.
- Tariffs will not be fully implemented for weeks, allowing time for negotiations to potentially reduce economic impact.
"Tariffs on Chinese goods have gone into effect," said Brian Jacobsen, chief economist at Annex Wealth Management. "All of the other things that have been discussed — reciprocal tariffs, steel and aluminum tariffs, and tariffs on Canada and Mexico — haven't actually gone into effect, yet. That opens the door the negotiations."— Brian Jacobsen, chief economist at Annex Wealth Management, commenting on tariffs and their implications for negotiations
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