China retaliates with additional tariffs of up to 15% on select U.S. imports starting February 10
February 4, 2025
Breaking News
Image source: Adobe Stock
China retaliates with additional tariffs of up to 15% on select U.S. imports starting February 10. 🛑 China unveiled a series of retaliatory measures against the U.S. on Tuesday, shortly after U.S. tariffs on Chinese goods took effect, raising concerns of a broader trade war between the world’s two largest economies. CNBC reports.
EdgeUp
📈 GoogleGain: Alphabet to report Q4 earnings as investors look to cloud growth, AI spending. Yahoo Finance reports.
🎧 SpotOn: Spotify posted fiscal fourth quarter earnings on Tuesday that beat revenue expectations and reported its first full-year profit. Yahoo Finance reports.
🤖 AIAlliance: OpenAI clinches deal with Kakao, talks with SoftBank and Samsung about Stargate. Yahoo Finance reports.
🕹️ NintendoDip: Nintendo’s profits tumbled as sales of its Switch console lost momentum, prompting the Japanese video-game maker to lower its full-year forecasts. Yahoo Finance reports.
💼 SalesCut: Salesforce is cutting more than 1,000 jobs as it simultaneously hires workers to sell new artificial intelligence products. Reuters reports.
🛡️ SecureAI: Palantir advises clients against using DeepSeek's AI tech; forecasts upbeat 2025 revenue. Reuters reports.
Top 5 Movers in Early Pre-Market
(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.
1. $:EVAX: Evaxion Biotech
Total gain: +87.5%
2. $:QNTM: Quantum BioPharma
Total gain: +87.1%
3. $:AZTR: Anitra
Total gain: +52.71%
4. $PTIR: GraniteShares 2x Long PLTR Daily ETF
Total gain: +41.33%
5. $PLTU: Direxion Daily PLTR Bull 2X Shares
Total gain: +41.1%
What’s Moving the Markets
* Analyzing the markets with Richie Naso, a Wall Street veteran of over 40 years and former member of the NYSE.
Stock Market Recap for the Week of 1/27/25 - 1/31/25:
During the week of January 27 to January 31, 2025, U.S. stock markets experienced mixed performance, influenced by significant developments in the technology sector and new trade policies.
Weekly Performance:
- S&P 500: Decreased by 0.58%, closing at 6,040.53.
- Dow Jones Industrial Average: Increased by 0.39%, ending at 44,544.66.
- Nasdaq Composite: Declined by 1.43%, finishing at 19,627.44.
Yesterday’s Biggest Movers
The closing price of the top three market percent gainers trading near or above $3 on February 3.
*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time
1. $GHRS: GH Research
Total gain: +65.85%
The company announced the commencement of an underwritten public offering in the United States of $150 million of ordinary shares. Benzinga reports.
2. $REBN: Reborn Coffee
Total gain: +50%
The stock appeared to be moving on no notable news.
3. $CYCN: Cyclerion Therapeutics
Total gain: +36.99%
The stock appeared to be moving on no notable news
Today’s Notable Earnings
*Estimate and Actual numbers represent Earnings Per Share in US Dollars
GOOGL: Alphabet
Q4 2024
After Market Close
Estimate: 2.130
Actual: N/A
SNAP: Snap
Q4 2024
After Market Close
Estimate: 0.140
Actual: N/A
MAT: Mattel
Q4 2024
After Market Close
Estimate: 0.200
Actual: N/A
Today’s Key Economic Dates
Time (ET) / Report / Period
10:00 am - Job openings - December
10:00 am - Factory orders - December
11:00 am - Atlanta Fed President Raphael Bostic speaks on housing
Parting Thoughts
“The long-term success of the stock market depends not on the performance of individual stocks but on the overall market economy.”
― Burton G. Malkiel
Sourced in:
“A Random Walk Down Wall Street”, by Burton G. Malkiel, published in 2011