Markets react negatively to slight negative closes and soften trade tariffs

From Zacks Investment Research: 2025-02-03 19:12:17

Monday’s trading session saw slight negative closes across major indexes, with the Dow finishing -122 points, the S&P 500 ending -45, the Nasdaq losing -235 points, and the small-cap Russell 2000 closing -27. The retraction of a 25% tariff on imported goods from Mexico helped ease tensions. Economic prints during the day showed positive signs, with the S&P Manufacturing PMI at +51.2 and ISM Manufacturing at +50.9%. Earnings reports after the bell included Palantir beating estimates, NXP Semiconductor ahead of estimates by 4 cents, and Clorox surpassing earnings expectations but shares dropping -3% in the after-market. Tuesday’s stock market outlook includes a labor market print and a full complement of earnings reports.



Read more at Zacks Investment Research: Markets React to Softening Trade Tariff Policy – February 3, 2025