top of page

Stock Market Update Tuesday February 4, 2025

Stock Market Update Tuesday February 4, 2025 Stocks shrugged off the latest tariff developments from China, closing broadly higher in a risk-on session. The S&P 500 climbed 0.75%, fully reversing the prior day's decline, while the Nasdaq 100, buoyed by Palantir's (PLTR) stellar 24% post-earnings surge, advanced 1.2%. Small caps outperformed, with the Russell 2000 (IWM) rallying 1.4%. In after-hours trading, Alphabet (GOOGL) tumbled 6.5% post-earnings, while AMD slid 4%, weighing on sentiment.


Away From Stocks: Treasury markets saw strong demand, with the 2-year and 30-year yields settling at 4.21% and 4.75%, down five and two basis points, respectively.

In commodities, WTI crude breached the $73 per barrel level, extending its downward momentum, while gold surged to $2,843 per ounce. Bitcoin slipped to $98,000, and volatility eased, with the VIX retreating below 17.


Google Daily Stock Chart
Google Daily Stock Chart

Market Update: Navigating the Macro Landscape


Big Picture: The stock market was nervous when former President Trump signed an executive order imposing tariffs related to the drug war. As we expected, the market initially overreacted.


 

        Want to read more?

        Subscribe to algotradealert.com to keep reading this exclusive post.

        © 2024 by Algorithm Trading Alerts LLC

        bottom of page