Week Ending 2/7/2025

MARKET RECAP

  • Stocks were down by 0.20%, and bonds were up by 0.39%.
  • The tariffs on Canada and Mexico that Trump threatened last week were delayed by 30 days.
  • Job openings fell to 7.6 million in December, a 3-month low. New hires totaled 143,000, a little bit less than expectations. Unemployment declined to 4.0% from 4.1%. Wages were up year over year by 4.1%.
  • The University of Michigan survey shows that respondents expect inflation to be 4.3% on year from now, leading to a Friday sell-off.

SCOREBOARD