Stock market today: Dow, S&P 500, Nasdaq futures slip as Trump's tariffs and inflation prey on minds
Published On Feb 11, 2025, 7:59 AM
U.S. stock futures fell slightly as investors anticipated potential new tariffs from President Trump and awaited Federal Reserve Chair Jerome Powell's congressional testimony focusing on inflation. Recent actions included Trump's announcement of 25% tariffs on steel and aluminum imports, raising concerns about impacts on corporate earnings and inflation. In earnings news, Coca-Cola's stock rose after it beat profit estimates, while Shopify's stock fell on a disappointing forecast. Oil prices rose amidst signs that U.S. sanctions against Russia are influencing production.
Stock Forecasts
SPY
Negative
The cautious sentiment in the market, driven by tariff uncertainties and inflation concerns, is likely to continue to weigh on stock prices. Investors seem to be seeking safety in sectors that are less sensitive to trade issues.
KO
Positive
Coca-Cola's strong earnings report amidst rising prices shows resilience and may attract investor interest, positively influencing its stock in the upcoming sessions.
SHOP
Negative
Shopify's downward forecast could lead to further declines in its stock as investor sentiment may turn negative due to profit concerns.
XLE
Positive
Given the rising oil prices due to sanctions impacting Russian supplies, energy stocks could perform well in the near term.
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