Trade war fears lead to market losses and earnings reports impact major companies.

From Nasdaq: 2025-02-03 10:09:00

Market participants are facing the reality of President Trump’s trade war with China, Mexico, and Canada, leading to losses in the Dow, S&P 500, Nasdaq, and Russell 2000. Q4 earnings season is in full swing, with major reports expected from companies like Alphabet, Disney, Amazon, PayPal, PepsiCo, Uber, and Ford. Tyson Foods posted a significant earnings beat, boosting shares by 6%.

This week will see a flurry of economic data releases, including January PMI for Services and Manufacturing, Construction Spending, and January Auto Sales. Additionally, it’s Jobs Week, with key reports like the JOLTS numbers, private-sector payrolls, Weekly Jobless Claims, and the Employment Situation report from the U.S. government. Expectations are for a strong job growth of +175K last month with a low Unemployment Rate of +4.1%.

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Read more at Nasdaq: Trade War Reality Sets into Pre-Markets