Wall Street subdued as investors watch for signs of escalation in US trade restrictions
A trader works on the floor at the New York Stock Exchange. Wall Street was subdued in early trading as investors watched for signs of escalation in US trade restrictions and awaited minutes of the central bank’s January meeting to gauge its policy stance following last week’s mixed economic data. Photograph: Justin Lane/EPA
Bank of Ireland, which had lost ground on Monday after a landmark UK court ruling related to car loans to which it has some exposure, bounced back on Tuesday, rising 4 per cent to €10.17. AIB added 1.7 per cent to finish at €6.28 amid positive sentiment towards banking stocks.Are the magnificent seven losing their shine in 2025?
InterContinental Hotels Group lost 4.5 per cent, the top decliner on the FTSE 100, after the Holiday Inn owner announced a $900 million share buyback plan which fell short of some investors’ estimates. Defence stocks gained 0.8 per cent, with Leonardo up 2.1 per cent, Sweden’s Saab rising 0.6 per cent and France’s Thales adding 2.3 per cent.
Seven of the S&P 500’s 11 sectors traded higher, with energy adding nearly 1 per cent, while a 3.1 per cent drop in UnitedHealth weighed on the blue-chip Dow.
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