Stock market today: S&P 500, Dow, Nasdaq futures drift higher after benchmark sets fresh record
Published On Feb 18, 2025, 8:14 PM
U.S. stock futures have risen after the S&P 500 established a new record high, closing at 6,129.58. This increase occurred following a relatively quiet trading day. Factors contributing to the upward trend include anticipated tariffs on automobiles and semiconductors announced by President Trump, along with the Federal Reserve maintaining a cautious stance on interest rates. Notably, Intel saw significant gains, posting its largest five-day increase in history, while Meta's stock declined after a long winning streak. Upcoming releases from companies like Etsy and Carvana are also highlighting the continuation of earnings season.
Stock Forecasts
SPY
Positive
The S&P 500 hitting a new record, combined with strong performances from tech stocks like Intel and Super Micro Computer, indicates bullish sentiment in the market. However, potential trade tensions due to new tariffs could create volatility. Overall, the momentum suggests a positive outlook in the near term.
INTC
Positive
Intel's significant gain indicates strong investor confidence in its future, especially with reported talks of potential restructuring or break-up, which can unlock shareholder value. Its stock may continue to rise given this backdrop.
PLTR
Positive
As the anticipation builds around the Federal Reserve's meeting minutes and consumer earnings reports, this could underpin market movements. The tech sector is particularly influenced by AI developments, which are buoying stocks like Palantir and Super Micro.
META
Negative
Meta, after a strong performance, seems to be taking a breather after its dramatic rise, suggesting a period of consolidation might follow. The short-term outlook may be cautious if downward pressure on tech stocks continues.
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