The stock market slumped on Friday and recorded another losing week as fears worsen about inflation and tariffs.
President Donald Trump recently said that he plans to announce reciprocal tariffs on several countries next week. He has yet to identify which countries would be affected.
In January, the US economy added 143,000 jobs and missed estimates of 170,000. This was also lower than the 307,000 seen in December. Meanwhile, inflation is expected to hit 4.3% as US consumer sentiment sank to a seven-month low.
Overall, S&P 500 fell 1.0% to 6,026, while NASDAQ dropped 1.4% to 19,523.
Tweet of the Day
This is so bullish for AI spending. $NVDA in good shape here. pic.twitter.com/mwry3JTA9r
— David Sharek (@GrowthStockGuy) February 7, 2025
Chart of the Day
Here is the one-year chart of CrowdStrike (CRWD) as of January 6, 2025, when the stock was at $366.
CrowdStrike is touting its Falcon Flex payment plans as a catalyst for future growth. Falcon Flex is like a subscription model where companies can pay for a set of cybersecurity modules and have the ability to swap one module for another during the contract period. Customers receive preferred pricing on their contracted modules with access to products they want when they’re needed. CrowdStrike signed more than 150 Falcon Flex deals last quarter. With Falcon Flex volume accelerating, the company’s management says Falcon Flex has ushered in a new tempo of module adoption. Its customers have adopted more than 9 modules on average.
CRWD is part of the Aggressive Growth Portfolio and Growth Portfolio.
