Featured Market Data
Stocks Turn Higher in January
U.S. equities ended higher in January following December declines as markets expressed relief from no immediate actions on tariffs. However, news on possible Mexico, Canada and China tariffs was quickly developing near month-end and in the first days of February. Turning to sector performance for January, Communications saw the strongest growth driven by tech-related names like META and Google. Health Care bounced back from December and Financials gained on deregulation dynamics. Technology was the only sector to decline as U.S. stocks linked to AI, such as Nvidia, fell after China’s low-cost DeepSeek AI model sparked a selloff on concerns U.S. companies have spent too much on development of AI.
Source: Bloomberg
