On Monday, February 13, the major U.S. stock indexes faced a significant decline: the S&P 500 Index closed down 1.04%, the Dow Jones Industrial Average fell 1.66%, and the Nasdaq 100 Index dropped 1.21%. This sell-off occurred in response to President Trump’s executive order increasing global tariffs from 10% to 15% and growing uncertainty around U.S. trade policies. March E-mini S&P futures fell by 1.02%, while March E-mini Nasdaq futures decreased by 1.19%.
The U.S. January Chicago Federal National Activity Index rose to 0.18, exceeding expectations, while December factory orders decreased by 0.7%, meeting forecasts. In the upcoming week, attention will turn to corporate earnings and economic indicators, with consumer confidence expectations set at 87.0, while initial weekly unemployment claims are projected to rise by 10,000 to 216,000.
Internationally, the Euro Stoxx 50 fell by 0.28%, with Germany’s February IFO business climate survey showing improvement to a 6-month high of 88.6. Meanwhile, the March 10-year Treasury note yield dropped to 4.027%, reflecting safe-haven demand due to market turmoil. Notably, more than 80% of S&P 500 companies have reported earnings, with 74% surpassing expectations and Q4 earnings growth projected at 8.4%.
