Stock market today: Dow, S&P 500, Nasdaq slide as inflation, tariff fears push stocks to another losing week

Published On Feb 7, 2025, 5:53 PM

US stocks fell on Friday due to rising concerns over potential tariffs announced by President Trump, as consumer sentiment dropped to a seven-month low and inflation expectations increased significantly. The S&P 500 and Nasdaq Composite experienced consecutive weekly losses, with nearly all sectors in decline. Meanwhile, the jobs report indicated that the economy added 143,000 jobs in January, which fell short of expectations, although unemployment decreased to 4.0%.

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Stock Forecasts

AI prediction results, not representative of any investment advice.

AMZN

Negative

Significant concerns regarding potential tariffs could negatively impact consumer spending and economic growth, which may lead to continued market volatility. Amazon's warning about challenges in meeting AI demand also signifies potential operational strain on the company despite a large investment. Overall, the market sentiment remains bearish, particularly in response to the job report and inflation concerns.

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TSLA

Negative

The consumer sentiment and inflation expectations indicate a broader trend of economic uncertainty, which could dampen investor confidence in consumer discretionary stocks, including Tesla, which is indicated to be facing stiff competition in China.

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UBER

Neutral

Uber's recent stock surge driven by a billionaire hedge fund investment suggests positive interest in the company, yet overall market sentiment might affect it negatively amidst broader economic concerns.

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AFRM

Positive

Affirm's surprise profits in its latest report suggest strong potential for growth in the buy now, pay later sector, but may be overshadowed by overall market sentiment regarding consumer spending.

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