Stock market today: S&P 500 nears record, Dow, Nasdaq jump as Trump announces reciprocal tariffs, delays implementation

The announcement of reciprocal tariffs may lead to increased market volatility as negotiations unfold and costs are assessed. However, the positive earnings from tech companies like Airbnb, Nvidia, and Tesla suggest resilience in certain sectors. Additionally, as inflation remains a concern, interest rate policies will also play a critical role in market movements.

Given the sticky inflation indicated by the PPI data, investors are likely to remain cautious about growth stocks, which may be impacted if rates rise. The market's current optimism may be tested if inflation pressures lead to interest rate hikes later in the year. Stocks like Nvidia and Tesla might experience volatility based on broader economic indicators.

The overall sentiment is leaning towards cautious optimism in the wake of earnings reports, but the delayed implementation of tariffs may provide temporary relief. However, inflation concerns remain significant and could impact market stability.