Stock market today: Dow rises, Nasdaq slips as Powell testifies, key inflation data looms
Published On Feb 11, 2025, 4:59 PM
US stocks closed mixed as investors reacted to President Trump's new tariff policy, with the Dow Jones up slightly and the Nasdaq down. Tariff concerns coupled with an upcoming inflation report contributed to market caution. Super Micro Computer's stock fluctuated after announcing it would meet SEC filing deadlines but missed earnings expectations. Intel's shares rose after a statement by Vice President JD Vance about domestic semiconductor production. The January Consumer Price Index is anticipated to show persistent inflation, while gold prices have surged due to tariff fears.
Stock Forecasts
SPY
Neutral
The upcoming inflation data could provide insights into the Fed's future interest rate policies, which may influence stock volatility. Given the tariff-induced uncertainty, larger sectors could also see changes.
SMCI
Negative
Super Micro has missed earnings targets and faces significant volatility, especially given its pending SEC filings and market expectations. The stock's performance may continue to be erratic post-announcement.
INTC
Positive
With increased U.S. focus on domestic semiconductor production pushed by regulatory support, Intel could benefit from the continuation of this trend, despite historical performance challenges.
GLD
Positive
As tariff threats continue to drive demand for gold, the pressure on other assets and sectors might lead to further investment in safe havens like gold, along with expected regulatory support for stablecoins as indicated by Powell.
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