Market drops on trade war fears with major indices down; earnings reports and job data expected.

From Nasdaq: 2025-02-03 10:54:00

Market participants are grappling with President Trump’s trade war, causing major indices to drop -600, -100, -400, and -50 points for the Dow, S&P 500, Nasdaq, and Russell 2000, respectively. Q4 earnings season peaks this week with reports from Alphabet, Disney, Amazon, PayPal, PepsiCo, Uber, and Ford. Tyson Foods beats estimates, with shares up +6%.

Jobs Week kicks off with economic data releases for January S&P PMI, Construction Spending, and January Auto Sales. JOLTS numbers and private-sector payrolls from ADP are out this week. Expectations are for +175K jobs added in January and an Unemployment Rate of +4.1%. Zacks offers a $1 trial for access to stock picks.



Read more at Nasdaq: Pre-Markets in the Red on Trade War Fears