S&P 500 futures are flat after Trump delays new tariffs, Wall Street heads for winning week: Live updates
Published On Feb 13, 2025, 6:02 PM
The stock market is experiencing a generally upward trend, with major indices like the S&P 500 and Nasdaq Composite showing gains due to President Trump's decision to delay new tariffs, which has relieved some investor concerns. Despite achieving higher closes, there is skepticism about the sustainability of this momentum as many investors remain cautious, as indicated by rising pessimism among retail investors. Additionally, upcoming earnings reports, particularly from Moderna, and retail sales data are anticipated, which may influence market direction going forward.
Stock Forecasts
SPY
Positive
Given the current market momentum following President Trump's tariff delay and the positive earnings outlook for companies like Moderna, it is probable that we will see continued short-term upward movement in major indices. However, investor skepticism suggests volatility may be on the horizon, particularly as market observers await definitive economic indicators from upcoming reports.
MRNA
Positive
Moderna's impending earnings report and its influence on the biotech sector could lead to a strong upward movement following earnings results; anticipation alone may drive prices higher ahead of the announcement.
GME
Negative
Retail stock sentiment is wavering, particularly in light of the rising pessimism indicated by the AAII survey. Stocks like GameStop and Coinbase, associated with high volatility, may see fluctuating prices amid mixed investor sentiment.
QQQ
Negative
Given the anticipated pressure on stocks from broader market pessimism and possible profit-taking before the weekend, stocks may face downward pressure, despite their recent gains.
Related News
Trump launches plan to target countries with 'reciprocal' tariffs
Feb 13, 2025, 4:42 PM
The US president ordered his staff to develop a response to countries with trade policies he says are unfair.
GameStop is considering investing in bitcoin and other cryptocurrencies, sources say
Feb 13, 2025, 4:31 PM
GameStop is exploring investments in alternative asset classes, including crypto and bitcoin in particular, three sources said.
Stock market today: S&P 500 nears record, Dow, Nasdaq jump as Trump announces reciprocal tariffs, delays implementation
Feb 13, 2025, 4:22 PM
Stocks rallied on Thursday as investors digested fresh inflation data and new tariff announcements from President Trump.