Nigeria, Feb. 4 -- Tariffs will not go into effect immediately, at least in Mexico and Canada. The two nations agreed to strengthen border security, which resulted in a halt in tariffs, another successful agreement brokered by US President Donald Trump.

With a sigh of relief, markets turned sharply around in response to the news. However, markets did not have a good day because of lingering concerns about long-term uncertainty. Investors' (although unrealistic) expectations for lower interest rates may have been dampened by Trump's remarks on Sunday that he supported the US Federal Reserve's decision to maintain rates at their current level.

Alphabet's earnings, scheduled to be released later today, may garner the most attention. Still,...