Stock market today: Dow, S&P 500, Nasdaq slip as Trump's tariffs and inflation prey on minds
Published On Feb 11, 2025, 9:33 AM
US stocks fell as investors reacted to new tariff policies announced by President Trump and remained cautious ahead of Federal Reserve Chair Jerome Powell's testimony on inflation. The Dow Jones, S&P 500, and Nasdaq all dropped, with concerns about how the tariffs will affect corporate earnings and the broader economy. Investors also turned to safe-haven assets like gold amid this uncertainty. Coca-Cola's shares rose after it reported strong earnings, while other companies like Shopify saw mixed results. The upcoming Consumer Price Index report is also anticipated as it could provide insights into inflation trends.
Stock Forecasts
SPY
Negative
The uncertainty surrounding tariffs and inflation may continue to pressure stock prices in the near term.
KO
Positive
Coca-Cola's positive earnings could support its stock price, making it a relatively safer investment.
SHOP
Negative
Shopify's mixed earnings forecast may cause volatility, suggesting a cautious approach to investing in this stock.
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