Overview
The U.S. stock market saw gains as investors looked forward to corporate earnings and a likely Fed rate hold. President Trump's announcement of increased tariffs on South Korean imports and ongoing political debates on the government budget also made waves.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
A Major News Story
Post-market, President Trump announced a tariff hike from 15% to 25% on South Korean automobiles, lumber, and pharmaceuticals, citing South Korea’s delay in ratifying trade agreements. Despite this, the S&P 500 rose by 0.5% ahead of big tech earnings reports.
Tomorrow's Economic Indicators
| Release Time | Indicator |
|---|---|
| 10:15 PM | U.S. ADP Employment Change Report |
| 11:00 PM | U.S. November House Price Index |
| Midnight | U.S. January Richmond Fed Manufacturing Index |
| Midnight | U.S. January Consumer Confidence Index |
| TBD | U.S. 5-Year Treasury Auction |
General Opinion
As the earnings week kicks off, tech stock performances will be pivotal. The Fed's expected rate hold may stabilize the market, while attention is on Chair Powell's successor announcement. Investors are adjusting portfolios, focusing on sectors linked to the real economy.
