Stock market today: Dow, S&P 500, Nasdaq futures flutter up amid Trump tariff moves
Published On Feb 13, 2025, 9:42 PM
U.S. stock futures are seeing slight increases as President Trump moves to implement reciprocal tariffs on trading partners. These tariffs are on hold until April to allow negotiations with affected countries. The market is particularly attentive to inflation reports and upcoming retail sales data. Companies like Airbnb and Roku have reported better-than-expected earnings, while GameStop is looking into crypto investments.
Stock Forecasts
SPY
Positive
Given the recent tariff moves and prevailing concerns about inflation, market reaction could be mixed, but the positive earnings reports from companies like Airbnb and Roku suggest some resilience in the market. This indicates potential short-term upward movement in market indices.
QQQ
Positive
The tech sector, influenced by earnings reports and future growth indications like GameStop's entry into crypto investments, may bolster some tech stocks going forward. Overall sentiment appears to favor technology-related investments in the short term.
XLP
Negative
With the implementation of tariffs and ongoing inflation concerns, traditional sectors like consumer goods may be under pressure. Therefore, an ETF focusing on defensive sectors might present a better opportunity under current circumstances.
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