Slap down on equity markets opening bell again 5 Feb
- S&P down 27, -0.98% at 2734.97
- DJI down 293 -1.15% at 25228.47
- Nasdaq down 80 -1.1% at 7160.98
Another soggy start to equity markets as the reversal/retreat marches ever lower.
Another soggy start to equity markets as the reversal/retreat marches ever lower.
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Pharma tariffs hit 100% if no US production deal; metals duties halved to 25%.
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Boeing's 18% drop may signal value, but safety costs and delayed profits ($7.5-8% margin hit) raise risks.
Planet Labs jumps 12% on SpaceX IPO buzz, showing 69.7% YTD gains. High volatility noted.
OLLI jumps 3.6% on upgrade, trading near 52-week low with attractive valuation vs. peers.
A holiday across much of Asia, but Japan is open. We get PMI data from there & from China March services PMI from Japan and China is due today.
Wix shares drop 7.4% on growth fears & higher spending. UBS cuts PT to $96, citing Rule of 40 risk.
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