Stock market today: Dow, S&P 500 edge higher with Trump tariffs, jobs report in focus
Published On Jan 8, 2025, 4:55 PM
U.S. stocks were mixed recently as investors reacted to rumors of President-elect Trump's possible declaration of a national economic emergency to impose tariffs. The Federal Reserve minutes revealed many officials support a gradual pace of interest rate cuts. While the S&P 500 and the Dow saw slight gains, the Nasdaq closed down slightly. Market fluctuations are being driven by concerns over potential tariffs and the prospect of slower interest rate cuts due to persistent inflation indicators.
Stock Forecasts
EBAY
Positive
EBay's stock surged following Meta's decision to allow listings on Facebook Marketplace, indicating strong investor sentiment towards e-commerce platforms enhancing their service capabilities. This positions eBay favorably amid growing e-commerce trends.
EIX
Negative
Edison International's stock suffered a significant drop due to widespread power outages caused by wildfires, highlighting operational risks exacerbated by environmental factors. Investors might see this as a long-term concern for the utility.
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