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

Published On Feb 13, 2025, 4:22 PM

US stocks were buoyed by President Trump's plan for reciprocal tariffs, delayed for potential negotiation, alongside rising inflation data. The Dow rose over 350 points, the S&P 500 increased by more than 1%, and the Nasdaq gained more than 1.5%, buoyed by tech stocks like Nvidia and Tesla. Notably, Airbnb's shares soared after a strong earnings report, while Robinhood also performed well. Despite some concerns regarding user growth at Reddit, broader market optimism was palpable as earnings season showed robust performance from the majority of firms reporting.

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Stock Forecasts

AI prediction results, not representative of any investment advice.

TSLA

Positive

With inflation concerns not leading to immediate action from the Federal Reserve and the markets reacting positively to earnings reports, the momentum for technology stocks, especially those reporting earnings beats like Airbnb, is likely to continue in the near term. Nvidia and Tesla's uptick suggests renewed investor interest in tech-heavy sectors as well.

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ABNB

Positive

Airbnb's robust quarterly performance indicates strong demand and investor confidence in its recovery post-pandemic. Given the sales trends and earnings exceedance, Airbnb's stock may continue to rise as the travel sector rebounds.

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HOOD

Positive

Overall, the anticipated tariffs and ongoing earnings season may introduce volatility, but the general market sentiment appears optimistic. Stocks like Robinhood also show potential for positive movement if earnings trends continue to impress investors.

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