Stock market today: Dow, S&P 500 inch lower with Trump tariff power move, rate cuts in focus
Published On Jan 8, 2025, 10:10 AM
On January 8, 2025, U.S. stock markets showed slight declines, with the S&P 500 and Nasdaq Composite dipping below previous levels amid uncertainty over President-elect Donald Trump's potential tariffs following a report of a national economic emergency declaration aimed at enforcing these tariffs. Additionally, market sentiment was affected by rising Treasury yields and tightening expectations regarding future interest rate cuts from the Federal Reserve, as inflationary pressures persisted. Economic data releasing this week will further influence market dynamics, especially with a key jobs report due soon.
Stock Forecasts
SPY
Negative
The negative stock market performance indicates concerns over potential tariffs and the Federal Reserve's policy direction, which may dampen investor sentiment. Therefore, investors might want to be cautious in the current environment, especially for sectors sensitive to tariff implications.
NVDA
Neutral
Given the recent volatility and subsequent attempts at recovery by Nvidia, along with the focus on its substantial market valuation, the stock could see some stabilization or positive movement pending broader tech market recoveries. However, the tariff situation and economic performance will play critical roles in this direction.
MRNA
Negative
Moderna's stock movements due to external factors (such as flu vaccine development news) suggest continued volatility. The fluctuation in response to specific news events may create short-term trading opportunities, albeit with uncertain longer-term prospects amid broader market influences.
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