LEIBOVIT VR NEWSLETTERS – WEDNESDAY – FEBRUARY 5, 2025 – ENJOYING THE ACCOMPLISHMENTS OF OUR NEW U.S.A. SHERIFF
A NEW SHERIFF IN TOWN
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Easing Tariff Concerns Contribute To Rebound On Wall Street
Stocks moved mostly higher during trading on Tuesday, largely offsetting the weakness seen in the previous session. The major averages all moved to the upside on the day, with the tech-heavy Nasdaq leading the charge.
The major averages finished the session just off their best levels of the day. The Nasdaq jumped 262.06 points or 1.4 percent to 19,654.02, the S&P 500 climbed 43.31 points or 0.7 percent to 6,037.88 and the Dow rose 134.13 points or 0.3 percent to 44,556.04.
The strength on Wall Street partly reflected easing concerns about a global trade war after President Donald Trump agreed to pause 25 percent tariffs on imports from Mexico and Canada for a month.
Positive sentiment may also have been regenerated in reaction to a report from the Labor Department showing job openings in the U.S. fell by much more than expected in the month of December.
The report said job openings tumbled to 7.6 million in December after climbing to an upwardly revised 8.2 million in […]
LEIBOVIT VR NEWSLETTERS – ‘TURNAROUND TUESDAY’ – FEBRUARY 4, 2025 – MY HATS OFF TO THE GROUNDHOG
U.S. Stocks Trim Early Losses But Still Close Notably Lower
Stocks moved sharply lower early in the session on Monday but regained ground over the course of the trading day. The major averages climbed well off
their worst levels, with the Dow briefly reaching positive territory, but ended the day in the red.
After plunging by as much as 2.5 percent in early trading, the tech-heavy Nasdaq finished the session down 235.49 points or 1.2 percent at 19,391.96. The
S&P 500 also slid 45.96 points or 0.8 percent to 5,994.57, while the Dow fell 122.75 points or 0.3 percent to 44,421.91.
The recovery attempt by stocks came after President Donald Trump confirmed he has reached an agreement with Mexican President Claudia Sheinbaum to pause
recently implemented tariffs on Mexico for one month.
The tariff pause comes after Sheinbaum said Mexico will immediately reinforce its northern border with 10,000 members of its National Guard to prevent
drug trafficking from Mexico to the United States, particularly fentanyl.
Stocks moved sharply lower in early trading amid concerns about a global trade war after Trump […]
