On Tuesday, February 4, U.S. markets closed greater, driven by energy sector gains, as optimism grew over a prospective U.S.-China trade development. Trump postponed Mexico-Canada tariffs however enforced brand-new levies on China, triggering retaliation. Strong business incomes raised belief, with Palantir rising 24%. Fed authorities alerted of inflation dangers from tariffs, while task openings missed out on expectations.
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In financial information, U.S. task openings fell by 556,000 to 7.6 million in December, missing out on quotes of 8.0 million. Factory orders dropped 0.9% to $578.5 billion, following a modified 0.8% decrease in November.
Many S&P 500 sectors ended higher, led by energy, tech, and interaction services, while energies and customer staples decreased.
The Dow Jones Industrial Average was up 0.30% and closed at 44,556.04, the S&P 500 closed greater by 0.72% at 6,037.88, and the Nasdaq Composite increased 1.35% to end up at 19,654.02.
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- On Wednesday, Japan’s Nikkei 225 closed greater by 0.08% at 38,809.00, led by gains in the Fabric, Marine Transportation, and Provider sectors.
- Australia’s S&P/ ASX 200 got 0.51% at 8,416.90, led by gains in the Gold, Metals & & Mining and Resources sectors.
- India’s Nifty 50 closed lower by 0.23% at 23,685.10, while Awesome 500 increased 0.22% closing at 21,776.00,
- China’s Shanghai Composite fell 0.63% and closed at 3,229.49; Shanghai Shenzhen CSI 300 was down 0.56% at 3,795.08.
- Hong Kong’s Hang Seng closed the session lower by 0.93% at 20,597.09.
- Chinese markets fell as U.S.-China trade stress intensified, with Shanghai and Hong Kong indexes decreasing. China revealed vindictive tariffs on U.S. products, efficient February 10, 2025.
Eurozone at 05:30 AM ET
- The European STOXX 50 was down 0.22%.
- Germany’s DAX fell 0.24%.
- France’s CAC decreased 0.25%.
- U.K.’s FTSE index 100 traded lower by 0.01%.
Products at 05:30 AM ET
- Petroleum WTI was trading lower by 0.85% at $72.05/ bbl, and Brent was down 0.88% at $75.53/ bbl.
- Oil costs decreased as increasing U.S. stockpiles and intensifying trade stress with China sustained financial development issues, countering Trump’s efforts to limit Iranian unrefined exports.
- Gas decreased 1.35% to $3.210.
- Gold was trading greater by 0.55% at $2,891.46, Silver was down 0.16% to $32.965, and Copper increased 0.32% to $4.3680.
U.S. Futures at 05:30 AM ET
Dow futures were down 0.20%, S&P 500 futures decreased 0.56% and Nasdaq 100 futures moved 0.95%.
Forex at 05:30 AM ET
- The U.S. dollar index decreased 0.54% to 107.42, the USD/JPY fell 1.11% to 152.64, and the USD/AUD fell 0.49% to 1.5907.
- The yuan deteriorated as U.S.-China trade stress struck markets, while the yen rose on expectations of Bank of Japan rate walkings. The dollar fell versus significant currencies, with traders enjoying China’s reaction to tariffs and possible U.S. settlements. Japan’s strong wage information sustained even more yen gains.
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