Stock market today: Dow, S&P 500, Nasdaq edge lower after China signals tariff restraint, bank earnings roll in

^GSPC ^IXIC ^DJI

• Why Wall Street's biggest carnivore isn't budging connected his calls aft Trump tariff pause

  The lone carnivore connected Wall Street coming into 2025 is sticking to his bearish telephone arsenic tariff uncertainty continues to unsettle markets.

  Yahoo Finance's Brian Sozzi reports:

  Read much here.

• 

  Stocks autumn arsenic China signals it volition 'ignore' US escalation successful commercialized war

  US stocks fell connected Friday aft China roseate its retaliatory tariffs connected US goods, but hinted it volition disregard immoderate further escalation from the US.

  The S&P 500 (^GSPC) fell 0.4%, and the tech-heavy Nasdaq (^IXIC) fell 0.4%. The Dow Jones Industrial Average (^DJI) dropped 0.5%.

  China announced it volition summation duties connected US imports to 125%, but volition "ignore" immoderate further retaliatory hikes from Washington. On Thursday the White House clarified tariffs connected Chinese goods basal astatine 145%. Earlier this week President Trump paused tariffs connected immoderate 75 countries for 90 days.

  SNP - Free Realtime Quote • USD

  As of 10:00:22 AM EDT. Market Open.

  ^GSPC ^IXIC ^DJI

• Oil connected way for 2nd consecutive play loss

  Oil prices roseate somewhat connected Friday but are connected way for their 2nd play nonaccomplishment successful a enactment arsenic commercialized wars and OPEC+ spikes

  Futures for West Texas Intermediate (CL=F) and Brent (BZ=F), the planetary benchmark, roseate implicit 0.1%. WTI is trading astatine the captious $60 per tube level, portion Brent declined to $63 per barrel.

  Reuters reports:

  Read much here.

• 

  JPMorgan CEO Jamie Dimon weighs successful connected lawsuit cautiousness

  JPMorgan (JPM) CEO Jamie Dimon gave it to maine consecutive connected the company's net media telephone this greeting erstwhile I asked astir the level of lawsuit cautiousness fixed everything going on.

  Dimon said, "You know, radical are pulling backmost connected doing deals, not conscionable large ones, but mediate marketplace companies, and being precise cautious astir investment."

  He (and CFO Jeremy Barnum) added connected the telephone that user spending is holding up.

• Tesla banal ticks little aft China hikes tariffs again

  Tesla banal (TSLA) fell 0.2% premarket aft China deed backmost astatine the US by raising its tariff connected US imports to 125% successful the latest escalation of the tit-for-tat trading war.

  Bloomberg reports that Tesla has removed the enactment to acquisition caller Model S and Model X electrical vehicles from its China website. Existing inventory for the 2 models was inactive available, however.

  The Model S and Model X are 2 of Tesla's pricier offerings and are apt to beryllium affected by tariffs. The models are imported into China arsenic Tesla's Shanghai mill lone makes Model 3 and Model Y vehicles.

  Read much here.

• JPMorgan banal edges higher arsenic banks footwear disconnected net season

  Shares of JPMorgan (JPM) and different Wall Street banks posted tiny gains arsenic investors assessed their archetypal 4th net earlier the bell.

  JPMorgan booked a 9% emergence successful quarterly nett year-on-year, my workfellow David Hollerith reports. But its CEO Jamie Dimon warned the US system faces "considerable headwinds" arsenic the largest US slope acceptable speech 75% much provisions to screen aboriginal indebtedness losses. Its banal moved up 1.3%.

  Meanwhile, Wells Fargo (WFC), BlackRock (BLK), and Morgan Stanley (MS) each nudged up little than 1% aft the banks reported a higher nett but imaginable risks emerged.

• 

  BNY CEO Robin Vince to Yahoo Finance: Uncertainty is the caller normal

  I caught up rapidly with BNY (BNY) CEO Robin Vince this greeting aft net deed the wires.

  Here's what helium told maine connected the taxable of a imaginable recession (emphasis added):

• Dollar slides, becomes the latest unfortunate successful markets mayhem

  The dollar (DX=F) is tumbling arsenic concerns turn that the escalating US-China commercialized struggle is taking the radiance disconnected the greenback arsenic the world's reserve currency.

  Headwinds came from China's determination to rise its US tariff complaint from 84% to 125%, starting Saturday.

  Bloomberg reports:

  Read much here.

• 

  Nvidia estimates get cut

  Eyes connected Nvidia (NVDA) this greeting aft Citi expert Atif Malik chopped his estimates connected economical concerns. Could beryllium a motion of what is to travel connected the highflier.

  Says Malik:

  "We are lowering our GPU units for CY25/2026 by 3%/5% to align with our revised hyperscaler capex exemplary of +35%/+15% walk reflecting mostly little Microsoft (MSFT) capex concerns and higher hazard of intermission successful endeavor investments amid uncertainty astir the planetary system owed to ongoing commercialized war."

  Yours genuinely and Madison Mills volition beryllium going much into the telephone unrecorded connected Yahoo Finance successful the 10 a.m. ET hour.

• Tariff uncertainty muddies — and refocuses — net season

  Yahoo Finance's Hamza Shaban reports:

  This is the Takeaway from today's Morning Brief. Read much here.

• 

  Good morning. Here's what's happening today.

• JPMorgan net supply archetypal look astatine Wall Street tariff turmoil

  Yahoo Finance's David Hollerith reports:

  Read much here.

• The dollar mislaid crushed arsenic investors fled US assets, seeking harmless havens. The determination toward stableness chiefly bolstered the Swiss franc, yen, euro, and gold.

  Reuters reports:

  Read much here.

• Gold pushes to caller grounds arsenic tariffs thrust haven demand

  Gold (GC=F) deed a caller precocious arsenic tariff uncertainty continues to stoke planetary recession fears. The commodity has seen accordant maturation successful the twelvemonth truthful far, with an summation of much than 20% implicit the past 3 months.

  Bloomberg reports:

  Read much here.