ISTANBUL
US stocks ended the last transaction day of the week with losses as uncertainties continue related to President Donald Trump’s tariff policies.
The Consumer Confidence Index fell for the first time in six months amid concerns about the effects of unemployment and possible tariffs on inflation.
Consumers’ short-term inflation expectations rose from 2.8% to 3.3% in January, the highest since last May. Long-term inflation expectations also rose from 3% to 3.2%.
The manufacturing industry Purchasing Managers Index (PMI) increased 0.7 points monthly in January to 50.1, above market expectations, while the service sector PMI fell four points to 52.8, below market expectations.
Second-hand home sales increased 2.2% in the last month of last year, reaching its highest since last February; meanwhile, it saw its lowest since 1995 during 2024 due to high mortgage interest rates and housing prices.
While the financial results of companies on the corporate side were also monitored by investors, the US aviation company, Boeing, reported that it expected a loss in the fourth quarter due to the effect of worker strikes, expenses related to some defense, space and security programs, and costs related to layoffs.
Shares of the company, which will announce its balance sheet for the last quarter next week, fell 1.3%.
Shares of American Express also fell 1.3%, and Verizon’s stocks rose 0.9% after increasing the number of subscribers more than expected in the fourth quarter.
While the balance sheet season continues in the US, those Microsoft, Meta, Apple and Tesla are expected to be announced next week.
The Dow Jones industrial average fell 0.32% to end the day at 44,424.25 points.
The S&P 500 was off 0.29% to 6,101.22 points, while the Nasdaq Composite fell 0.5% to 19,954.30 points.
