LIVE MARKETS-US stocks end week on down note as tariff worry weighs
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U.S. STOCKS END WEEK ON DOWN NOTE AS TARIFF WORRY WEIGHS
Wall Street closed lower to end the trading week on Friday, as early gains powered by an advance in Apple AAPL.O and an in-line report on inflation were short-circuited later in the day after the White House said tariffs on Canada, China and Mexico would take effect on Saturday.
White House spokesperson Karoline Leavitt said tariffs of 25% on Canadian and Mexican imports and 10% on Chinese goods will be implemented with immediate effect, countering an earlier report from Reuters that tariffs would be delayed until March and with some limited exceptions.
Energy .SPNY led sectors decliners on the day, following earnings from Exxon Mobil XOM.N and Chevron CVX.N, while communication services .SPLRCL posted the biggest rise.
For the week, the S&P 500 index .SPX fell 1%, the Nasdaq .IXIC declined 1.64%, while the Dow .DJI climbed 0.27%.
For the month, the S&P 500 gained 2.7%, the Nasdaq rose 1.64%, and the Dow rallied 4.7%.
Below is your closing market snapshot:
(Chuck Mikolajczak)
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FOR FRIDAY'S EARLIER LIVE MARKETS POSTS:
STOCK SPLITS COULD BE ON THE REBOUND - CLICK HERE
INDIVIDUAL INVESTOR BEARS BOUNCE BACK - AAII - CLICK HERE
US Q4 EARNINGS VIEW IMPROVES AFTER HEAVY WEEK OF RESULTS - CLICK HERE
GET WHAT YOU PAY FOR: PCE, EMPLOYMENT COSTS, CHICAGO PMI - CLICK HERE
TARIFF WORRIES WHERE? NOT AMONG LATIN AMERICAN STOCKS - CLICK HERE
US STOCKS HIGHER AFTER APPLE EARNINGS, INFLATION DATA - CLICK HERE
S&P 500 FUTURES REMAIN PLANTED AFTER PCE - CLICK HERE
LOOKING THOUGH THE NOISE - CLICK HERE
CENTRAL BANKS SO-2024, NOW IT'S TARIFFS THAT MATTER FOR FX - CLICK HERE
U.S. STOCKS BENEFIT FROM JANUARY FEEDING FRENZY - CLICK HERE
EURO ZONE BLUE-CHIPS SET FOR BEST MONTH IN TWO YEARS - CLICK HERE
EUROPE BEFORE THE BELL: STOCKS SET TO CLOSE OUT STRONG JANUARY IN GREEN - CLICK HERE
MARKETS BIDE TIME AS ZERO HOUR NEARS ON TARIFFS - CLICK HERE
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