Risk-off was the theme as investors shunned big technology stocks despite another quarter of record earnings from Nvidia (NVDA) and inflation data that came in as expected.

US equities reached new all-time highs but pulled back sharply on Friday on poor consumer sentiment and general uncertainty over government cost-cutting and the potential imposition of tariffs.

US equities shrugged off hotter-than-expected inflation and concerns over tariffs and delivered a solid weekly performance.

Stocks were little changed during the busiest week of Q4 2024 earnings season, with the S&P 500 ending the weekly session down -0.2%.

US stocks had a volatile week, starting off with a Monday selloff and recovering Friday before news dropped that tariffs on Mexico, Canada, and China would be imposed effective February 1st.

US stocks posted weekly gains as strong earnings continued to roll in, with the S&P 500 rising 1.8% during the week and reaching a new all-time high on Thursday before declining slightly on Friday.

US stocks broke out of their early-2025 slump thanks to some good news on inflation and a very strong start to earnings season from the major banks.

US stocks continued their rough start to 2025, capped with a Friday selloff following a strong jobs report that triggered inflation concerns.

Markets were slightly lower on a holiday-shortened week as investors turned the calendar to 2025.