The stock market ended the week lower on Friday as President Donald Trump said that tariffs against Mexico, Canada, and China – U.S. major trading partners – will take effect on Saturday. This reignited fears of a coming trade war.
Overall, S&P 500 decreased 0.5% to 6,041, while NASDAQ slid 0.3% to 19,627.
Tweet of the Day
Good explanation of what NVIDIA 's CUDO software does. I'm gonna have to read this again. https://t.co/qczjbSupgS
— David Sharek (@GrowthStockGuy) January 29, 2025
Chart of the Day
Here is the ten-year chart of Grainger (GWW) as of December 30, 2024, when the stock was at $1,058.
Grainger recorded disappointing profit growth of 5% last quarter as management described a “muted” demand environment. They added while demand remains soft, the business continues to perform well. Just not as good as past years, when profits jumped 25% a year from 2021 to 2023. However, high inflation and COVID-sales boosted sales at that time.
Looking ahead, analysts expect profits to grow a modest 8% in 2025.
GWW is part of our Conservative Growth Portfolio.
