How major US stock indexes fared Friday, 1/31/2025

Stocks surrendered early gains and closed lower after the White House said President Donald Trump would impose promised tariffs on some key U.S. trading partners.

The S&P 500 fell 0.5% and the Nasdaq composite dropped 0.3%. Each showed solid gains in morning trading. The Dow Jones Industrial Average dropped 0.8%. Trump will put in place 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China effective Saturday.

Apple reversed course from market-leading gains to post a loss of 0.7%. Shares of Nvidia, considered the poster child for the AI frenzy, fell 3.7% to close out a rough week for chipmakers.

On Friday:

The S&P 500 fell 30.64 points, or 0.5%, to 6,040.53.

The Dow Jones Industrial Average fell 337.47 points, or 0.8%, to 44,544.66.

The Nasdaq composite fell 54.31 points, or 0.3%, to 19,627.44.

The Russell 2000 index of smaller companies fell 19.76 points, or 0.9%, to 2,287.69.

For the week:

The S&P 500 is down 60.71 points, or 1%.

The Dow is up 120.41 points, or 0.3%.

The Nasdaq is down 326.86 points, or 1.6%.

The Russell 2000 is down 20.05 points, or 0.9%.

For the year:

The S&P 500 is up 158.90 points, or 2.7%.

The Dow is up 2,000.44 points, or 4.7%.

The Nasdaq is up 316.65 points, or 1.6%.

The Russell 2000 is up 57.53 points, or 2.6%.

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