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In New York,  the Dow Jones Index decreased 679 points or 1.59 percent on Friday. Losses were driven by Travelers Companies (-4.24%), Goldman Sachs (-3.35%) and American Express (-3.01%).

The Dow Jones Index Closes 1.59% Lower

The Ibovespa fell 0.8% to close at 118,857 on Friday, trimming weekly gains to about 0.3%, as investors grappled with persistent domestic inflationary pressures and shifts in global monetary policy. Brazil's annual inflation rate rose to 4.83% in December, surpassing the target ceiling of 4.5%, fueling expectations of at least two additional 1 percentage point rate hikes by the central bank by March and intensifying concerns over a prolonged tightening cycle. Sentiment was further weighed down by fiscal uncertainties and elevated inflation expectations. Externally, a stronger-than-expected U.S. jobs report underscored labor market strength, reinforcing the Federal Reserve's cautious stance on rate cuts. Leading decliners included WEG, Ambev, JBS, Banco Santander, Eletrobras, Itaúsa, Rede D'Or, and B3, with losses between 1.6% and 3.4%.

Ibovespa Drops Amid Inflation Woes and Cautious US Fed

The S&P/TSX Composite Index fell 1.2% to close at 24,768 on Friday, adding to a sharp weekly decline of approximately 3.6% as credit-sensitive equities slumped amid expectations of prolonged high borrowing costs in the U.S. A stronger-than-expected U.S. jobs report underscored the resilience of the labor market, bolstering the Federal Reserve's cautious approach to rate cuts. Financial heavyweights led the losses, with RBC (-2%), Brookfield (-5.7%), CIBC (-2.2%), and Manulife (-2.6%) declining significantly. Tech leaders also struggled, with Shopify and Constellation Software falling 3.7% and 1%, respectively. On the domestic front, Canada added 91,000 jobs (+0.4%) in December, while the unemployment rate edged down by 0.1 percentage points to 6.7%.

TSX Closes Week With Sharp Losses

US Equities closed sharply lower on Friday, following a stronger-than-expected jobs report that dampened expectations for further interest rate cuts by the Federal Reserve in 2025. The S&P 500 and Nasdaq 100 both dropped 1.5%, while the Dow Jones plunged almost 700 points. The December jobs report showed a robust labor market, with 256,000 new jobs and a decline in the unemployment rate to 4.1%, surpassing forecasts. This raised concerns that the Fed could keep rates elevated for a longer period. Meanwhile, the University of Michigan’s consumer sentiment index showed growing inflation expectations. Financials, real estate, and tech stocks led the declines, with Nvidia falling nearly 3%. On the corporate front, shares of Delta Air Lines soared 9% after exceeding earnings and revenue forecasts, while Walgreens surged 27.5% following strong earnings results. For the week, the S&P 500 lost 2.2%, the Nasdaq dropped 1.8%, and the Dow declined 1.5%.

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The Dow Jones Index Closes 1.59% Lower

Ibovespa Drops Amid Inflation Woes and Cautious US Fed

TSX Closes Week With Sharp Losses

US Equities Tumble After Jobs Report, Fed Rate Hike Concerns

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