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Dow and other main indices climbed on Thursday as President Donald Trump signed a Reciprocal tariff In the afternoon. According to this policy, if the country is charged in the tariffs on American products, the United States will respond using the equivalent tariff on the goods of that country. Reciprocal tariffs will not take effect immediately, and Trump stated that appropriate tariff levels for each affected country will be determined.
As the day ended, the industrial average Dow Jones added 342 points or 0.7%. Tech-Heavy Nasdaq and S & P 500 have added 1.5%, or 1%.
Meanwhile, inflationary pressures lasting, with wholesale data on prices is warmer than expected. Manufacturer Price Index (PPI)which accompanies what manufacturers receive for their goods and services, increased by 0.4% in the assessment of larger analysts in January of 0.3%. Core PPI, which turns off food and energy, increased by 0.3% for the month, alignment with forecasts.
The labor market remained resistant, with fewer Americans who amounted to unemployed benefits last week. According to the work department, the initial claim of unemployment fell by 7,000 on a seasonally adapted 213,000 for the week ending 8. February. The picture came into expectations of 215,000 receivables.
Jamie CoxPartner management in Harris Financial Group, said in the e-mail quartz: “It is a positive sign that market prioritize labor market power due to unstable inflation data.”
“The key living is that a strong economic foundation remains intact.”
Intel Stock has risen by 8%
Intel (Intc+ 7.03%) stock extended his rally on Thursday fourth dayAsking more than 8% to trade over $ 24 per share. The legacy chip is now greater than 20% so far this year – compared to the DIP of about 1.5% to start 2025 for AI chip manufacturer NVIDIA (Nvda+ 3.01%).
Rally action has arrived in the middle of speculation on increasing the US government support for the company and possible cooperation with TSMC (TSM-2.24%), Giant dipmizing on Taiwan.
Trump can buy ‘armored’ teslas, stock
Trump administration overlooks $ 400 million, five-year contract for “armored electric vehicles” This could refer to Teslas. The State Department was previously listed “Armored Tesla (Tsla+ 5.26%) (Product units) “In your Procurement forecast for 2025According to multiple news. Since then, she has revised that item line on “armored electric vehicles”. After News, Tesline Action (Tsla+ 5.26%They were worse in the morning.
Robusting is up, Reddit is down
Robinstva shares (Hood+ 13.57%) climbed on Thursday as the trading platform has delivered stronger than expected earnings the day before. The company reported an increase of 115% in the annual revenue, surpassing analyst assessments and signaled by robust engagement users despite market volatility. Contrary to that, Giant Reddit Social Media (Red-5,18%) rejected after the company has passed earnings Expectations.
Today, investors watch the reports of the Earning from AirBNB carefully (Abnb+ 0.51%) and coin (Coin+ 8,44%), they will both be closing the bell.
-Britey Nguyen and Josh Fellman contributed to an article
2025-02-13 21:00:00
