From Nasdaq: 2025-04-14 11:53:00

Stock indexes are up today, with the S&P 500, Dow Jones, and Nasdaq all posting gains. President Trump’s decision to exempt consumer electronics from reciprocal tariffs is boosting the market. The Magnificent Seven stocks and chip makers are leading the rally.

US tariff turmoil is impacting the markets, with fears of economic growth and corporate earnings being weighed down. The dollar is at a 3-year low, while gold prices are soaring. The markets are concerned about the impact of US trade policies on consumer confidence and GDP growth.

Interest rates are up slightly, with T-notes gaining due to reduced inflation concerns after Trump’s tariff exemptions. European bond yields are also lower. Swaps suggest a 20% chance of a rate cut after the May FOMC meeting.

Tech stocks are surging after Trump’s tariff pause, with Apple, Alphabet, Tesla, and chip makers like Micron and NVIDIA posting gains. Computer makers and electronic retailers like Dell and HP are also up. PDD Holdings leads the Nasdaq 100 gainers.

Palantir Technologies, Atlassian Corp, Intel, DuPont de Nemours, and Freeport-McMoRan are among the stock movers today. Norwegian Cruise Line is up, while DaVita is down after a ransomware incident. Defensive healthcare and hotel stocks are under pressure on downgrades.

Earnings reporting season started with big US banks last Friday. Market consensus expects Q1 earnings growth of +6.7% for S&P 500 stocks. Overseas stock markets are higher, with the Euro Stoxx 50 up +2.59% and Shanghai Composite up +0.76%. ECB and Fed rate cuts are being discounted by swaps.



Read more at Nasdaq: Stocks Climb as President Trump Exempts Consumer Electronics from Reciprocal Tariffs