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
Tested EN...
Asian stock markets weakened for the second consecutive day, indicating that the initial rally that had been "speedy" at the start of the year is starting to lose steam. At the same time, US governmen...
US stocks were mixed on Wednesday as investors weighed uneven economic data against expectations for eventual Federal Reserve easing, with the S&P 500 easing 0.2% and the Dow Jones sliding 0.8% fr...
European stocks were in mixed territory on Wednesday morning, as regional market jitters grow over U.S. President Donald Trump's threat to annex Greenland. The pan-European Stoxx 600 was little chang...
Asian stock markets weakened slightly on Wednesday after posting their best start to the year in history. The decline was driven by a decline in Japanese stocks amid escalating tensions with China. Th...
Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more...
Gold prices weakened slightly on Thursday (February 12th), as more solid US employment data reduced market confidence in an imminent Federal Reserve interest rate cut. The strong employment data prompted market participants to shift expectations of...
The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of the short term rally, as investors began to...