Stocks recover after Trump delays tariffs on Mexico while tech faces ongoing pressure
cnbc.com — February 3, 2025, 10:00 PM UTC
Stocks rebounded after a drop caused by President Trump's announcement of tariffs on goods from Canada, Mexico, and China. The market recovered as Trump agreed to delay tariffs on Mexico for one month following negotiations. Tech stocks, particularly those related to AI, remain under pressure amid ongoing trade war concerns. Companies like Nvidia and Dell are affected by the uncertainty surrounding DeepSeek's low-cost AI model. Earnings reports from several companies, including Palantir and PayPal, are expected soon. Additionally, the job openings and labor turnover survey will be released, marking the start of a busy week for labor-market updates.