Home News How Will New Tariffs and Inflation Data Impact Wall Street This Week?

How Will New Tariffs and Inflation Data Impact Wall Street This Week?

February 10, 2025

As tariff tensions rise and inflation expectations shift, the Nasdaq holds steady while the S&P 500 diverges, with eyes on Federal Reserve updates.

by Tony Sycamore
IG Bank

Mixed market reactions to tariff news

United States (US) stock markets ended a turbulent week with mixed results. Investors reacted to tariff news at both the start and end of the week, which framed a surge in inflation expectations and a mixed jobs report.

Over the week, the S&P 500 decreased by 0.24%, the Nasdaq 100 inched up by 0.06%, and the Dow Jones fell by 241 points.

Fresh tariff threats from President Trump

This week has started similarly to last week, with fresh tariff headlines indicating that President Trump is set to announce a 25% tariff on steel and aluminium today. Trump is also expected to impose reciprocal tariffs on Tuesday and Wednesday, taking effect almost immediately, which will match the taxes and duties imposed by other countries.

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