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

Uber (Uber))

Uber jumped more than 8 % to the highest level in the session on Friday, after the director of the hedge fund and the CEO of Pershing Square Capital Management Bill Akman revealed his company that has more than 30 million shares in the passenger participation company, equivalent to two billion dollars.

Emphasis (AFRM))

AFRM shares increased by more than 22 % after purchase now, and the results of the second quarter of the company later showed a sudden profit and increased revenue.

Jamal Qazam (dwarf))

Elf Beauty shares fell 20 % on Friday after the makeup company reduced its fullest 2025 financial expectations. The cosmetics maker attributed to the most softened sales trends expected in January.

The multiple Wall Street companies, including Da Davidson, Aws, and Morgan Stanley, responded by reducing inventory.

Yahoo Finance: Jennifer Schonberger reports:

On Friday, the Federal Reserve Chief of Reserve told Chicago, Austan Golsby, Yahoo FIids on Friday that the central bank may be “suspended” at the present time, but he still believes that interest rates are moving over the next 12 to 18 months.

Comments about federal federal monetary policy came after the release of a new job report for January, which showed several signs of flexibility. 143,000 jobs were created, which were less than estimates, but the unemployment rate decreased to 4.0 % from 4.1 % and wages and wages grew by 0.5 %.

Goolsbee is called in an exclusive interview on Friday, Jobs “Solid” and said he showed “we settle in something like full employment.”

Read more here.

Alexandra channel reports from Yahoo Fina:

An increasing number of Americans are concerned about the state of the American economy – and everything related to inflation.

Delay Consumer morale at Michigan University The emotions released on Friday showed that it decreased to its lowest level in seven months, as pessimism about inflation forecast has led to the bottom of the initial reading of February and inflation for a year to 4.3 % from 3.3 % last month.

This was the highest reading of inflation expectations since November 2023 and a two -month discrimination of “unusually large” increases, according to the statement.

Read more here.

Yahoo Financial Reports Dan Holly:

President Trump’s trade war started with China on Tuesday, as the White House implemented a 10 % tariff on all Chinese goods coming to the United States. The largest Silicon Valley has already occurred in what could turn into a series of measures that reach the largest economists in the world.

On Tuesday, the SAMR SAMA administration announced that it opens an investigation to combat monopoly in Google (Google, Googl). The agency did not provide any additional details about this step.

Wednesday, I mentioned Bloomberg China is considering launching an investigation of anti -monopoly in the practices of the Appl Store (AAPL). SAMR officials were talking with Apple’s executives already for some time, but the timing of the possible investigation places Apple as another pawn in the economic chess match between the great powers.

Read more here.

The fact that the mortgage rate today is finally drowned with potential home buyers and sellers.

For several months, a large number of consumers who included them, Mayi May, were confident that the mortgage rates will decrease next year. But the recent mortgage survey showed a 13 -point fluctuation away from this view.

Only 35 % of the respondents surveyed by the mortgage giant in January are now expected to decrease mortgage rates, a decrease of 42 % in December and 45 % of the survey in November. Meanwhile, consumers who believe that rates rise to 32 %, from 25 %.

Housing market specialists have warned that mortgage rates may not decrease much this year after the Federal Reserve reduced its expectations to reduce prices, and that uncertainty about how President Donald Trump’s economic agenda affects inflation and economic growth.

The average mortgage rate for 30 years was 6.89 % this week until Wednesday. He was hovering about 7 % per year 2025.

The main averages turned into negative after the low -consumers’ morale data from the expectations of February.

The consumer morale in Michigan decreased to 67.8, as it reached less than 71.8 expectations. The initial reading in February was the least recorded in about 7 months.

“Inflationes jumped throughout the year from 3.3 % last month to 4.3 % this month, and the highest reading since November 2023 and put two consecutive months of unusually large increases,” The survey said.

By 10:15 am Et, S&P 500 (^Gspc) sank 0.3 % and the compound nasdaq (^IXIC) drowned 0.8 %. The Dow Jones Industrial Index (^DJI) also decreased by 0.2 %.

At the same time, the treasury returns increased for 10 years to 4.5 %.

Among the names of the major technology, the sink of Amazon (AMZN) shares to its lowest levels in the session, dipping nearly 4 % after the e -commerce giant issued disappointing revenue expectations.

The shares rose to the top of Friday, when investors digested a monthly job report that showed some flexibility in the labor market.

The S&P 500 (^Gspc) hovers near the flat line, while the NASDAQ technology compound (^IXIC) has opened slightly higher. The Dow Jones Industrial Index (^DJI) increased 0.1 %.

The US economy added 143,000 jobs in January, less than 173,000 by economists. However, wages rose up above, and the unemployment rate decreased to 4.0 % from 4.1 %.

Meanwhile, December’s job additions were reviewed to 307,000, from a previous reading of 256,000 – a sign of the exit of the labor market in 2024 on an equal footing of thought.

On the profit front, disappointing revenue forecasts of Amazon (AMZN) were withdrawn on the shares of the technology giant, which fell more than 2 %.

Yahoo Finance: Josh Schafer reports:

The American labor market showed continuous elastic signs in January, as the unexpected unemployment rate decreased and wages grew more than expected.

Data from Work Statistics Office Friday showed that the unemployment rate decreased to 4 % in January from 4.1 % in the previous month.

143,000 new jobs were created in January, less than 170,000 jobs expected by economists, and less than 307,000 seen in December. Monthly job gains were reviewed in December higher than a previous reading of 256,000.

Read more here.