Dow, S&P 500, NASDAQ retreat in the center of angst on inflation, tariffs

Uber (Uber)))

Uber jumped more than 8% to a session high on Friday after a billionaire hedge fund manager and CEO of Persher Square Capital Management, Bill Ackman, revealed that his company owns more than 30 million shares at the Reid Sharing Company, equals over $ 2 billion.

Confirm (Goat)))

Confirmation holdings (Goat) Stock surged more than 22% after the purchase now pay the later company Financial Second Quarter Results He showed unexpected profits and an increase in revenue.

the beauty of elf (Elf)))

Shares of Elf Beauty slipped 20% on Friday after the cosmetics company reduced its full 2025 -year fiscal forecast. The make -up manufacturer attributed the adaptation to softer sales trends than expected in January.

Many Wall Street companies, including Da Davidson, UBS, and Morgan Stanley, responded by downgrading the stock.

Jennifer Schonberger of Yahoo Finance reports:

Chicago Federal Fund President Austan Gooolsbee told Yahoo Finance Friday that the central bank could be “back” for the time being, but still see interest rates moving lower over the next “12-18 months. “

The comments came about financial policy fed after the Release New Jobs Report For January showed several signs of resilience. 143,000 jobs were created, which was lower than estimates, but ticked the unemployment rate down to 4.0% from 4.1% and wages and wages grew by 0.5%.

Goolsbee called in a unique interview on Friday the job report “solid” and said it shows “we settle into something like full employment.”

Read More here.

Alexandra Yahoo Finance Canal Reports:

An increasing number of Americans are concerned about the state of the US economy – and is about inflation.

The latest Michigan University Consumer Feeling Survey Release on Friday showed that the headline felt declined to its lowest level in seven months as pessimism over the inflationary forecasts drove down the preliminary reading of February and one year inflation expectations jumped to 4.3% from 3.3% last month.

This was the highest reading for inflation expectations since November 2023 and marked two consecutive months of “unusually large” rises, according to the statement.

Read More here.

Yahoo Finance and Howley Reports:

President Trump's trade war began with China on Tuesday, with the White House operating a 10% tariff on all Chinese goods coming into the United States. The largest Silicon Valley companies are already captured in what could turn into a series of tit-for-tat actions between the world's two largest economies.

On Tuesday, China's State Administration for Market Regulation (SAMR) announced that it is opening an anti -collies investigation into Google (Cook. Lady). The Agency did not provide any additional details of the move.

Wednesday, Bloomberg reported that China is considering the launch of an anti -collies investigation into Apple (Aapl) App Store Practices. Samr officials have been talking to Apple's executives for some time already, but the timing of the potential probe sets up Apple as another pawn in the economic chess game between the senior powers.

Read More here.

The reality of a higher mortgage rate today finally sinks in with potential house buyers and sellers.

For months, there was a plurality of consumers surveyed by Fannie it is confident that mortgage rates would fall next year. But the latest opinion poll of the swing mortgage giant showed 13 points away from that scene.

Only 35% of respondents surveyed by the mortgage giant In January now expecting mortgage rates to fall, down by 42% in December and 45% high-end survey in November. Meanwhile, the proportion of consumers who believe rates will rise to 32%, by 25%.

Housing market economists have warned that mortgage rates may not fall much this year after Fed reduced its expectations for cutting rates, and uncertainty remains about how President Donald Trump's economic agenda could affect inflation and growth Economic.

The average 30 -year mortgage rate was 6.89% this week through Wednesday. It has been hovering about 7% for 2025 in total.

The large averages turned negatively after consumer sentiment data fell below expectations for February.

The Michigan consumer sentiment index fell to 67.8, coming in below expectations of 71.8. February's introductory reading was the lowest register in about 7 months.

“The expectations of a year in advance inflation jumped from 3.3% last month to 4.3% this month, the highest reading since November 2023 and marking two consecutive months of unusually large increases,” The survey said.

By 10:15 am et, the S&P 500 (^Gspc) Sank 0.3% and the technical-heavy compound NASDAQ (^Ixic) Sank 0.8%. Dow Jones's industrial average (^Dji) also decreased by 0.2%.

Meanwhile Treasury product rose 10 years to 4.5%.

Among the big technology names, Amazon's (Amzn) Stock sank to session lows, immersing nearly 4% after the e-commerce giant published a disappointing revenue preview.

Stocks were higher on Friday as investors spent a monthly job report that showed some resilience in the labor market.

The S&P 500 (^Gspc) hovering near the flat line, while the technical-heavy compound NASDAQ (^Ixic) open a little higher. Dow Jones's industrial average (^Dji) rose 0.1%.

The US economy added 143,000 jobs in JanuaryLess than the 173,000 expected from economists. However, wages per hour ticked higher, and the unemployment rate fell to 4.0% from 4.1%.

Meanwhile, the December job additions were reviewed up to 307,000, from an earlier reading of 256,000 – a sign that the 2024 labor market left on a better foundation than thinking.

In terms of earnings, Amazon's (Amzn) Disappointed revenue prospects dragged on the shares of the technology giant, which fell more than 2%.

Josh Schafer Yahoo Finance reports:

The US labor market showed ongoing signs of resilience in January as the unemployment rate fell unexpectedly and wages grew more than expected.

Data from The Office of Labor Statistics Friday showed the unemployment rate that it fell to 4% in January from 4.1% a month before.

143,000 new jobs were created in January, less than the 170,000 expected from economists, and below 307,000 seen in December. December monthly job proceeds were reviewed higher from a previous reading of 256,000.

Read More here.