US stocks rose on Thursday as a U.S. tariff update helped ease concerns about inflation and global trade tensions, brushing aside hotter-than-expected inflation data. The S&P 500 rose 1%, the Nasdaq 100 gained 1.3% and the Dow Jones Industrial Average jumped more than 350 points, or 0.7%. President Trump signed a memorandum to review reciprocal tariffs on foreign countries but did not impose any levies. He also hinted at the potential for additional tariffs, including on auto imports. The producer price index (PPI) rose 0.4% in January, beating estimates, but a key component that goes into the Federal Reserve's preferred inflation measure, the personal consumption expenditures (PCE) price index, indicated easing price pressures. Big tech companies led the rally, with Tesla jumping more than 4%, Nvidia rising 3% and Apple advancing 2.1% after CEO Tim Cook teased upcoming product launches. (Newsmaker23)
Source: Trading Economics
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