LEIBOVIT VR NEWSLETTERS – ‘TURNAROUND TUESDAY’ – FEBRUARY 11, 2025
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U.S. Stocks Shrug Off Latest Tariff Threats, Close Mostly Higher
After moving mostly higher early in the session, stocks continue to turn in a strong performance throughout the trading day on Monday. With the upward move, the major averages partly offset the steep losses posted last Friday.
The major averages moved roughly sideways in afternoon trading, hovering in positive territory. The Nasdaq jumped 190.87 points or 1.0 percent to 19,714.27, the S&P 500 climbed 40.45 points or 0.7 percent to 6,066.44 and the Dow rose 167.01 points or 0.4 percent to 44,470.41.
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The rebound on Wall Street may partly have reflected bargain hunting, as traders picked up stocks at somewhat reduced levels following the sharp pullback seen last Friday.
While Friday’s slump partly reflected new tariff threats from President Donald Trump, traders largely shrugged off his latest threat to impose a 25 percent tariff on all steel and aluminum imports into the U.S.
The latest tariff threat comes after Trump said last […]
LEIBOVIT VR NEWSLETTERS – MONDAY – FEBRUARY 10, 2025 – NOTICE – PATIENCE APPRECIATED: OUR WEBSITE AND BILLING SYSTEMS UPDATING THIS WEEK. DELAYS OR TECHNICAL ISSUES MAY BE PRESENT!
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U.S. Pull Back Sharply Amid Renewed Inflation, Tariff Concerns
Stocks moved sharply lower during trading on Friday, giving back ground after trending higher over the past few sessions. The major averages turned negative within the first hour of trading and saw further downside as the day progressed.
The major averages climbed off their worst levels going into the close but remained firmly negative. The Nasdaq dove 268.59 points or 1.3 percent to 19,523.40, the Dow tumbled 444.23 points or 1.0 percent to 44,303.40 and the S&P 500 slumped 57.58 points or 1.0 percent to 6,025.99.
With the significant pullback on the day, the major averages also closed lower for the week. The S&P 500 dipped by 0.2 percent, while the Dow and the Nasdaq both fell by 0.5 percent.
The weakness that emerged early in the session came after the University of Michigan released a report […]
