U.S. stocks end lower, but off session lows, as Trump delays Mexico tariffs
U.S. stocks ended lower, but recovered from their session...
U.S. stocks ended lower, but recovered from their session lows, after President Trump said on Monday that he would pause imposing new tariffs on Mexico for a month, though tariffs on China and Canada will stil take effect on Tuesday.
The Dow Jones Industrial Average went down 122.75 points or 0.28% to close at 44421.91, according to FactSet data.
The S&P 500 declined 45.96 points or 0.8% to finish at 5,994.57.
The Nasdaq Composite fell 235.49 points or 1.20% to end at 19,391.96.
Trump's LNG strategy sparks interest but raises risks
President Donald Trump's...
President Donald Trump's plan to use US liquefied natural gas exports as a geopolitical tool is drawing interest from countries like India, Japan, and Kuwait, but also risks deterring major buyers like China. While US LNG exports are set to nearly double by 2030, experts warn that leveraging energy trade for political gains could erode long-term market confidence in American supply reliability.
Wall Street could be in for a wild ride to start the week after President Trump announced sweeping tariffs on Mexico, Canada, and China, sparking a new trade war. While many sectors are likely to be hit, keep an eye on auto stocks, which are highly exposed to trade restrictions in North America. GM shares fell 10% last Tuesday, one of its worst days in years, because the company’s optimistic outlook for 2025 did not account for the impact of tariffs.
Flying Soon? Understaffed air traffic control facilities
Of the 313 air traffic control facilities in the United States, 285 are...
Of the 313 air traffic control facilities in the United States, 285 are staffed below levels recommended by the FAA and the union that represents air traffic controllers, according to the New York Times. At 73 of the facilities, which include traffic control towers, the workforce is understaffed by at least 25%.
Two facilities on Long Island that handle 1.2 million flights in and out of Newark, LaGuardia, and JFK Airports annually have nearly 40% of positions unfilled. There’s no quick fix, as it can take more than four years to train a new air traffic controller at some locations. Training at Ronald Reagan Washington National Airport, where the passenger plane involved in last week’s crash was attempting to land, requires almost 16 months to complete.
Jobs report incoming: On Friday at 8:30am ET, the Bureau...
Jobs report incoming: On Friday at 8:30am ET, the Bureau of Labor Statistics will reveal how many jobs got added to the US economy in January. Experts anticipate employment will have grown by 150,000. But for the December 2024 report, analysts expected the addition of 155,000 jobs and got 256,000. Even if Friday’s report doesn’t knock the argyle socks off economy watchers and just meets expectations, it will still signal a mighty jobs market despite the Federal Reserve’s attempts to wrangle inflation. The US economy has added jobs every month since December 2020, per Investopedia.
In trade news that doesn’t involve avocados or automobiles, the Mavericks traded Luka Dončić to the Lakers for Anthony Davis in a shocking swap of superstars.
An air ambulance crash in Philadelphia left seven dead and 19 injured.
Hamas released three hostages, including American-Israeli dual national Keith Siegel.
A major blood bank canceled blood drive appointments after a cyberattack.
