On Monday, January 27, the S&P 500 Index rose by 0.63%, the Dow Jones Industrials climbed 0.68%, and the Nasdaq 100 increased by 0.59%. This upward movement was fueled by a stronger-than-expected U.S. durable goods report, which indicated a 5.3% month-over-month increase in November orders, surpassing the anticipated 4.0%. However, the market faced headwinds from President Trump’s threat of a 100% tariff on U.S. imports from Canada and looming concerns of a partial government shutdown this Friday.
The U.S. dollar index fell by 0.5%, hitting a four-month low, amid speculation of U.S. monetary intervention and potential capital withdrawals by foreign investors following Trump’s tariff announcement. Notably, 102 S&P 500 companies are set to report earnings this week, with a current 78% beat rate among those already reported, contributing to a forecasted 8.4% growth in S&P earnings for Q4.
