Major indexes declined during the week, with the S&P 500 showing resilience, slipping just 0.24%. Stocks dropped sharply after President Donald Trump announced 25% tariffs on imports from Mexico and Canada and 10% on Chinese imports, effective February 1. However, Trump’s decision to postpone the Mexico and Canada tariffs by 30 days helped stocks recover some losses by the week’s end. Earnings reports also influenced market sentiment, with 77% of S&P 500 companies reporting fourth-quarter results that beat expectations. Earnings growth averaged 16.4%, surpassing the 11.9% forecast, while 63% of companies exceeded sales estimates.
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Warren Gerow is an independent investment wealth consultant to Sightline Wealth Management.
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