USIF Macro-Economic Market Update 2/3 U.S. Market: - The Fed maintained rates (4.25% - 4.50%), pausing expected rate cuts - After DeepSeek's announcement Dow Jones futures tumbled 1.1%, S&P 500 futures dropped 1.6%, and Nasdaq 100 futures plunged 2.1% - Airline stocks declined slightly following an American Airlines flight collision with a helicopter Global Market: - President Trump enacted 25% tariffs on Canada and Mexico, and raised tariffs on China to 35%; retaliation expected - JP Morgan holds $2B of frozen Russian assets, which could be used as leverage in ceasefire negotiation in the Ukrainian war Key Economic Indicators: - CPI Average Growth Rate: 2.90% - Unemployment Rate: 4.10% - 3-Month T-Bill Rate: 4.286% S&P Sector Performance: - Tech and semiconductor stocks have taken a hit, dragging down overall market performance - Healthcare remains a focal point as weight-loss drugs continue to see growing demand Chart of the Week: AI Microchip Manufacturer Stocks Plummet - The sector has seen sharp declines amid concerns over DeepSeek and supply chain disruptions with possible greater tariffs Key highlights from this week's macro-overview were presented by our incredible team member: Lily McClellan https://lnkd.in/g9W4PrNi Follow our page to stay in tune with the market, here on LinkedIn or on our website weekly: https://lnkd.in/gJDWWbd6
