Stock market today: Dow, S&P 500, Nasdaq futures edge higher amid latest inflation test, Trump's next tariff salvo
Published On Feb 13, 2025, 8:56 AM
US stock futures for the Dow, S&P 500, and Nasdaq are slightly higher as investors respond to expectations of new tariffs being announced by President Trump and concerns over rising inflation. The Producer Price Index indicated a 0.4% rise in prices, exceeding expectations, which keeps inflation fears in focus. Effective rates and the potential impact of tariffs on global trade are being monitored closely. Earnings reports from several major companies are also forthcoming, impacting investor sentiment and potential market movements.
Stock Forecasts
SPY
Positive
Given the anticipated impact of tariffs and rising inflation, which could lead to increased costs for consumers and businesses, market sentiment may exhibit volatility. However, short-term bullish momentum could be noted amid optimism from recent earnings reports and potential resolutions in geopolitical tensions.
XOM
Negative
With the expectation of impending tariffs and persistent inflation, economic pressures may weigh on specific sectors. The potential for increased costs and strained trade relations could lead to bearish sentiment toward stocks sensitive to tariff impacts.
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