Dow, S&P 500, Nasdaq retreat amid angst on inflation, tariffs

Jennifer Schonberger by Yahoo Finance reports:

The president of the Chicago Federal Reserve, Austan Goolsbee, told Yahoo Finance on Friday that the Central Bank “could be on hold” for the moment, but he still sees interest rates exceed “12 to 18 months “.

The comments on the Fed monetary policy came after the Release of a new employment report For January, this has shown several signs of resilience. 143,000 jobs were created, which was lower than estimates, but the unemployment rate fell to 4.0%, against 4.1%and wages and wages increased by 0.5%.

Goolsbee in an exclusive interview on Friday called the “solid” job report and said that he showed “that we settle in something like full employment”.

Read More here.

The Alexandra canal of Yahoo Finance Reports:

An increasing number of Americans are worried about the state of the American economy – and it’s all about inflation.

The last Survey on consumer feelings of the University of Michigan Liberated Friday showed that the feeling of the head has decreased at its lowest level in seven months, pessimism on inflation prospects has resulted in the preliminary reading of February and the expectations of one year on inflation, passing at 4.3% compared to 3.3% last month.

It was the highest reading for inflation expectations since November 2023 and marked two consecutive months of “unusual” increase, according to the press release.

Read More here.

Dan Howley by Yahoo Finance Reports:

President Trump’s trade war with China started on Tuesday, the White House implementing a 10% rate on all Chinese products in the United States. The largest companies in Silicon Valley are already taken in what could be transformed into a series of tit-for-tat actions between the two biggest economies in the world.

On Tuesday, the Chinese State administration for market regulations (SAMR) announced that it opened an antitrust survey on Google (Goog,, Googl). The agency has provided no additional details on the move.

Wednesday, Bloomberg reported that China plans to launch an antitrust survey on the Apple (Aapl) Practices of the App Store. Samr officials have already been talking with Apple leaders for some time, but the time of the potential probe has been implementing Apple as another pawn in the economic chess between superpowers.

Read More here.

The reality of today’s higher mortgage rate is finally sinking with buyers and potential sellers.

For months, a plurality of consumers questioned by Fannie Mae was convinced that mortgage rates would drop over the next year. But the last survey of the mortgage giant showed a 13 -point swing far from this point of view.

Only 35% of respondents questioned by the mortgage giant In January, now expect mortgage rates to drop, down 42% in December and a summit of 45% in November. Meanwhile, the share of consumers who think that rates will increase to 32%, compared to 25%.

Housing market economists have warned that mortgage rates may not fall a lot this year after the Fed has reduced its expectations in terms of rate reduction, and uncertainties persist on the way in which President Donald Trump’s economic agenda could affect inflation and economic growth.

The average mortgage rate at 30 years was 6.89% this week Until Wednesday. It oscillates about 7% for all 2025.

Major averages have become negative after data on consumer feeling fell below expectations for February.

The feelings of Michigan consumer feelings fell to 67.8, which is below 71.8 expectations. February’s preliminary reading was the lowest recorded in approximately 7 months.

“The inflation expectations of the year went from 3.3% last month to 4.3% this month, the highest reading since November 2023 and marking two consecutive months of unusual increase”, “” said the investigation.

At 10:15 a.m., the S&P 500 (^ GSPC) sank 0.3% and the nasdaq composite heavy with technology (^ Ixic) sank 0.8%. The industrial average Dow Jones (^ Dji) also dropped by 0.2%.

Meanwhile, the 5 -year -old treasure yield reached 4.5%.

Among the big technological names, Amazon (Amzn) Actions have flowed from session, plunging almost 4% after the electronic commerce giant issued disappointing income prospects.

Actions progressed on Friday as investors digested a monthly job report which showed a certain resilience on the labor market.

The S&P 500 (^ GSPC) hovered near the flat line, while the nasdaq composite heavy with technology (^ Ixic) Opened slightly higher. The industrial average Dow Jones (^ Dji) increased by 0.1%.

THE The American economy added 143,000 jobs in JanuaryLess than the 173,000 expected by economists. However, time wages checked above and the unemployment rate fell to 4.0% against 4.1%.

Meanwhile, the addition of jobs of December was revised up to 307,000, compared to a previous reading of 256,000 – a sign that the labor market was released in 2024 on a better basis than you do not thought.

On the gains front, Amazon (Amzn) Disappointing income prospects have led to actions by the technology giant, which has dropped by more than 2%.

Josh Schafer by Josh Schafer by Yahoo Finance:

The US labor market has shown continuous signs of resilience in January as the unemployment rate has dropped unexpectedly and wages increased more than expected.

Data from The Labor Statistics Office Friday, published on Friday, the unemployment rate fell to 4% in January, against 4.1% the previous month.

143,000 new jobs were created in January, less than 170,000 expected by economists and below 307,000 observed in December. The monthly gains in December were revised higher by a previous reading of 256,000.

Read More here.