Stocks declined in afternoon trading with S&P 500 and Dow Jones down, Nasdaq up slightly.

From Nasdaq: 2025-01-31 17:07:15

The S&P 500 is down -0.48%, Dow Jones down -0.71%, and Nasdaq up 0.36%. Apple down -1.5%, Walgreens down -10%, PPG down -6%, Atlassian up +13%, AbbVie up +5%. US Dec personal spending beat expectations, core PCE in line. Trump plans 25% tariff on Canada and Mexico imports.

US Dec personal spending rose +0.7%, personal income +0.4%. Core PCE price index +0.2% m/m, +2.8% y/y. Q4 employment cost index +0.9%. Chicago PMI rose to 39.5. Hawkish Fed comments impact stocks. Earnings season shows strong Q4 results. 17% chance of -25 bp rate cut in March FOMC.

Euro Stoxx 50 up +0.18%, China closed for Lunar New Year, Nikkei up +0.15%. 10-year T-notes down -2 ticks, yield at 4.525%. European bond yields lower. ECB inflation expectations rise. German retail sales and unemployment disappoint. Swaps predict 22% chance of ECB rate cut in March.

Stock movers: Apple down -1.5%, Eastman Chemical up +7%, Atlassian up +13%, AbbVie up +5%, Baker Hughes up +3%, Vertex Pharma up +5%, Charter Comm up +3%, LPL Financial up +1%, Visa up +1%, Deckers Outdoor down -16%, Walgreens down -10%, WW Grainger down -7%, PPG down -5%, Colgate-Palmolive down -4%, Chevron down -4%, Occidental Petroleum down -2%, Autoliv down -2%. Earnings reports for various companies on 1/31/2025.



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