After a wild day in markets around the world amid President Donald Trump’s delayed tariffs against Canada and Mexico, the imposition of US levies on China and Beijing’s immediate retaliation, stocks ended on the plus side in a renewed wave of Big Tech dip buying. Following a slide fueled by uncertainties over Trump’s new trade war, equities rebounded on bullish revenue forecasts from giants like Palantir. A Bloomberg gauge of the “Magnificent Seven” megacaps climbed 1.5% while Meta rose for a 12th consecutive session—its longest winning streak ever.
On the labor front, however, the latest reading on US jobs underscored a continuing slowdown. Openings fell to 7.6 million in December, bringing the number to a three-month low, according to the Bureau of Labor Statistics. The figure was below all but one estimate in a Bloomberg survey of economists. The so-called quits rate, which measures the percentage of people voluntarily…
