The stock market ended higher on Tuesday following the latest developments on global trade. After US President Donald Trump slapped additional tariffs, the Chinese government instantly imposed tariffs of up to 15% on U.S. imports of coal and liquefied natural gas and 10% on crude oil, farm equipment and selected cars.
Overall, S&P 500 was up 0.7% to 6,038, while NASDAQ rose 1.4% to 19,654.
Tweet of the Day
This has been on my mind all week. $NVDA https://t.co/Se7146b01f
— David Sharek (@GrowthStockGuy) January 31, 2025
Chart of the Day
Here is the one-year chart of Sherwin-Williams (SHW) as of January 6, 2025, when the stock was at $338.
Sherwin-Williams continued to see softness in North America, specifically in the Do-It-Yourself (DIY) market. Last quarter, the paint company reported just 5% profit growth and missed estimates of 11%, on only 1% revenue growth.
Consumer Brand Group saw an 8% sales decline in North America as existing home sales continued to be weak in the challenged DIY segment. Sales were also hurt by 200 stores closed for a period during Hurricane Helene and 225 stores closed during Hurricane Milton.
SHW is part of our Conservative Growth Portfolio.
