Stock market today: Dow rises, Nasdaq slips as Powell testifies, key inflation data looms
Published On Feb 11, 2025, 4:59 PM
US stocks had a mixed closing as investors reacted to ongoing tariff policies from President Trump and awaited inflation data. The Dow Jones Industrial Average made slight gains, while the S&P 500 closed near flat, and the Nasdaq Composite dipped slightly. Key points include Trump imposing 25% tariffs on all steel and aluminum imports starting March 12, increasing tensions with Canada and Mexico. The market atmosphere is cautious ahead of anticipated inflation data set to release soon, which could influence future Federal Reserve interest rate decisions.
Stock Forecasts
SMCI
Negative
Given the mixed market response and ongoing concerns about tariffs, Super Micro Computer (SMCI) appears poised for volatility as it reports earnings. Its preliminary revenue came in below estimates, adding pressure to its shares which have been experiencing significant fluctuation. Investors should exercise caution as they await the official earnings report.
INTC
Positive
Intel's stock jumped 6.5% after statements about supporting domestic semiconductor production for AI were made, providing a boost to investor sentiment. This reflects a renewed focus on domestic production and innovation. While still down from last year's highs, there’s potential for a positive trend as the market reacts to these comments.
Related News
Stock market today: Dow rises, Nasdaq slips as Powell testifies, key inflation data looms
Feb 11, 2025, 4:59 PM
Investors are braced for more Trump tariffs as focus turns to inflation and Fed Chair Jerome Powell's Senate testimony.
Big Tech is a pawn in US-China trade war. Here's why some will feel the heat more than others.
Feb 7, 2025, 10:50 AM
Big Tech is the key piece of the US-China trade war. And some companies are going to feel the heat far more than others.
Trump tariffs to hit tech heavyweights, chip giants could be next
Feb 3, 2025, 4:43 PM
President Trump's 10% tariffs on goods out of China will hit tech giants, and chips could be next.