Stock market today: Dow, S&P 500, Nasdaq futures edge lower as China hits back on tariffs
Published On Feb 4, 2025, 5:52 AM
U.S. stock futures have dipped as investors react to China's swift retaliation against new tariffs imposed by President Trump. China announced tariffs on U.S. coal, natural gas, and various other imports in response to a 10% tariff on Chinese goods. This escalation raises concerns about a potential trade war between the U.S. and China, which could negatively impact both economies. However, some analysts believe this response might open avenues for negotiation as talks between Trump and China's President Xi are expected soon. Notably, companies like Alphabet (Google) face scrutiny as China launches an antitrust investigation into their operations.
Stock Forecasts
GOOG
Negative
The escalating trade tensions between the U.S. and China could negatively impact companies heavily reliant on international trade. Alphabet (GOOG), in particular, could face uncertainties due to the antitrust investigation by China, potentially affecting its growth prospects.
PLTR
Positive
Palantir's positive forecast following better-than-expected earnings suggests strong enterprise technology demand. This momentum may continue as the company captures interest amid geopolitical tensions and increased focus on data security in uncertain times.
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