Stock market today: Nasdaq leads Dow, S&P 500 higher amid latest inflation test, Trump's next tariff salvo
Published On Feb 13, 2025, 1:06 PM
US stocks rallied on Thursday as President Trump announced plans for reciprocal tariffs, aiming to impose duties on countries that tax US imports. On the same day, inflation data showed that the Producer Price Index (PPI) rose 0.4% in January, outpacing expectations and indicating persistent inflation. Despite these factors, the Dow Jones rose 0.3%, the S&P 500 increased by 0.6%, and the Nasdaq climbed by over 1%, led by gains in tech giants Nvidia and Tesla. Earnings reports from major companies indicate a generally strong performance, although some firms like Reddit saw declines.
Stock Forecasts
SPY
Positive
The announcement of reciprocal tariffs could create uncertainty in international trade, impacting companies reliant on imports/exports. However, the strong earnings reports add some confidence in the market's resilience.
NVDA
Positive
Nvidia and Tesla both performed strongly this week, indicating investor confidence in the tech sector's recovery and growth potential. This sector's momentum might continue as more earnings reports come in.
RDDT
Negative
Reddit's disappointing user growth could lead to further stock pressure, especially if the trend continues. This could negatively impact investor sentiment around social media stocks.
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