S&P Index Losses and Gains Today: Index Drops Following Tariff Announcements


Moderna sign on the company's headquarters in Cambridge, Massachusetts

Maddie Meyer / Getty Images

What you need to know

  • The S&P 500 fell 0.8% on Monday, Feb. 3, as investors reacted to tariffs on major U.S. trading partners while awaiting key earnings and labor market data.
  • Moderna shares extended losses posted last week after Goldman Sachs downgraded the vaccine maker's stock, citing high expenses and an uncertain revenue outlook.
  • Shares in IDEXX Laboratories soared when the veterinary diagnosis provider surpassed quarterly predictions, boosted largely by its Companion Animal Group.

After President Donald Trump said over the weekend, he’ll impose import tariffs, major U.S. stock indexes have moved lower in February trade. The stocks recovered from the lows of their morning as Trump announced tariffs would be postponed for a further month.

The new trading week, which began on Monday morning, will bring earnings from big names such as Alphabet parent Alphabet and Amazon (AMZN), along with a steady stream of data about the labor market culminating in the release of January’s jobs report.

The S&P 500 lost 0.8% on Monday. The Dow ended the day down by 0.3% after a steeper loss in the morning. Meanwhile, the Nasdaq fell 1.2% due to weakness in tech.

Shares of Moderna (MRNA) tumbled 7.3%, losing the most of any stock in the S&P 500. Goldman Sachs’ downgrade of the biotech stock by the firm late last week has led to a further decline in shares. “neutral” The following is a list of the most recent and relevant articles. “buy.” Moderna reduced its guidance on product revenues for the 2nd time in 6 months. Analysts believe this is because Moderna does not have a clear view of sales trends within its respiratory vaccine business. Goldman also forecast that Moderna would not achieve break-even on a cash basis before 2029 due to elevated operating expenses. The company had previously set a target for 2028.

Franklin Resources’ (BEN), shares dropped 6.9% on Monday, reversing some of last week’s gains after the firm reported better than expected profits in its first fiscal quarter. Franklin Resources reported that despite the positive bottom line, its revenue was below estimates and it had a decrease in assets under administration (AUM) due to increased net outflows. Bank of America increased its target price for Franklin Resources’ shares slightly to take into account updated estimates of earnings, while analysts kept their previous targets. “underperform” The stock rating system.

FedEx’s (FDX), shares have dropped by 6.6% since Loop Capital has downgraded its stock. “hold” The following is a list of the most recent and relevant articles. “buy” It also lowered its target price. Loop analysts lowered the outlook of package delivery companies after the White House tariff announcement. The new policies might increase the price and reduce the volume.

Tesla’s (TSLA), shares fell 5.2%, as investors weighed up the impact of Trump’s tariff policies. Tesla (TSLA) could be affected by changes in global trade and possible retaliatory actions in response to tariffs. This is especially true given Tesla’s close relationship with the U.S. president administration, as well as the exposure of its markets to China. Reports showing that Tesla registrations fell in Norway, Sweden and other European countries in January have also caused concern over the image of this brand.

IDEXX Laboratories (IDXX) shares posted Monday’s best performance in the S&P 500, surging 11.1% after the provider of veterinary healthcare products and services reported better-than-expected sales and profits for the fourth quarter. Strong performance was driven by the growing demand for animal testing services offered by the company, particularly in the Companion Animal Group, where IDEXX supplies diagnostic tests and lab services as well as platforms to manage veterinary practices.

Molina Healthcare shares gained 4.8%. The managed-care company will be releasing its quarterly results after Wednesday’s closing bell. Analysts predict that Molina will have a significant increase in sales and profits compared to last year’s period. The low-income population served by Molina could also contribute to this growth.

After last week’s results, a lot of investment analysts raised their price target on AbbVie. AbbVie surpassed fourth-quarter estimates for revenue, thanks to the growth in sales from anti-inflammation medications Skyrizi and Rinvoq. The company also raised its sales forecasts over time. AbbVie stock rose by 3.4% on Sunday.

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leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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