Stocks are up due to Trump's tariff stance, but concerns remain over planned tariffs

From Nasdaq: 2025-01-21 14:40:40

Stocks are up today, with the S&P 500, Dow Jones, and Nasdaq all posting gains. Markets are reacting positively to Trump’s tariff stance, with no new tariffs imposed. However, concerns remain as tariffs on Canadian and Mexican goods are planned. Walgreens and Apple stocks are down, impacting overall market performance.

Interest rates are also in focus, with T-notes rising as inflation expectations fall. European government bond yields are lower, with the ECB expected to cut rates. US stock movers include Moderna, 3M Co, and Palo Alto Networks posting gains, while Apple and Walgreens are among the losers.

Earnings season is underway, with companies like 3M Co, Charles Schwab, and Netflix reporting Q4 results. Overseas, stock markets are mixed, with the Euro Stoxx 50 down and Japan’s Nikkei up. The markets are also discounting a 1% chance of a rate cut at the upcoming FOMC meeting.



Read more at Nasdaq: Stocks Supported by Trump Tariff Delays and Lower Bond Yields