Public Markets 3h Briefing
×Market Reaction to Tariff Uncertainty
Market reaction to the US Supreme Court ruling on tariffs bloomberg.com has been subdued, according to Bank of Montreal CEO Darryl White, as investors weigh the implications of trade policy changes. Hedge funds sold the most global equities bloomberg.com since April, Goldman Sachs reported, as uncertainty over American trade policy clouds sentiment. Priya Misra bloomberg.com of JPMorgan described markets as being at a "plateau of uncertainty" on tariffs following the Supreme Court decision.
Weather Disruption and Market Operations
A powerful winter storm bloomberg.com has cut off New York City, grounding thousands of flights and triggering travel bans across the tri-state area. Despite the blizzard conditions, the New York Stock Exchange and Nasdaq bloomberg.com confirmed they will operate markets as normal on Monday. Parts of New York City bloomberg.com received up to 28 inches of snow, but most of the transit system remains operational with reduced schedules.
Energy Markets Under Pressure
US natural gas futures rose bloomberg.com as a cold shot brought freezing temperatures and snow to the Northeast, pushing up demand for heating fuel. Meanwhile, oil companies received a Supreme Court hearing bloomberg.com on climate-change suits as Exxon Mobil and Suncor Energy seek to stop dozens of city and state lawsuits blaming them for climate change. A sustained oil rally bloomberg.com rests on Iran tensions hitting supply, though previous price surges faded quickly when pressure on Tehran escalated last year.
Corporate Developments and IPO Activity
Abbott Laboratories bloomberg.com is selling corporate bonds in as many as eight parts to help fund its $21 billion acquisition of cancer-screening company Exact Sciences. Generate Biomedicines bloomberg.com, a biotechnology firm using AI in drug development, is seeking to raise as much as $425 million in an initial public offering. Cosan SA bloomberg.com is mulling a share sale of its gas and energy business unit as the Brazilian conglomerate seeks to reduce its debt burden.
Technology and Semiconductor Updates
Nvidia stock finance.yahoo.com hit a bizarre valuation level as investors scrutinize the AI chip leader's market position. ASML unveiled finance.yahoo.com an EUV light source advance that could yield 50% more chips by 2030, potentially reshaping semiconductor manufacturing capacity. Dell stock investing.com saw its target cut at Bof A on rising memory costs, reflecting ongoing pressure in the PC market.
Federal Reserve Policy Outlook
Federal Reserve Governor Christopher Waller bloomberg.com said his decision on whether to support an interest-rate cut at the next policy meeting will depend on upcoming labor-market data. Waller remains open to holding rates investing.com if February jobs data shows strength, highlighting the data-dependent nature of monetary policy decisions. The Fed's stance continues to influence market expectations as investors assess the timing of potential rate adjustments.
Sector-Specific Developments
Uber launched ft.com autonomous vehicles services as part of its robotaxi push, marking a significant step in commercializing self-driving technology. Merck split operations ft.com to separate oncology from non-cancer drugs in preparation for the 2028 US patent expiry of its blockbuster cancer treatment Keytruda. Estée Lauder CEO bloomberg.com expressed openness to more M&A as the company explores strategies to rebuild profitability and regain market share.