From Nasdaq: 2025-05-12 14:08:00

Stock indexes soared today, with the S&P 500, Dow Jones, and Nasdaq all posting significant gains. This surge follows the agreement between the US and China to reduce tariffs, easing trade tensions. Fed Governor Kugler’s comments on tariffs’ impact on inflation and economic growth were less optimistic. Markets await key economic data this week.

Overseas markets also saw gains, with European and Asian stocks rising. Interest rates fluctuated, with T-notes falling as trade tensions eased and inflation expectations rose. European government bond yields increased, anticipating an ECB rate cut. US stock movers like Amazon, Tesla, and chip stocks surged on the tariff reduction news, while utility and mining stocks faced pressure.

Earnings season continues, with Q1 results showing corporate profits growth expectations down from earlier forecasts. Utility stocks declined due to rising T-note yields, while Cigna Group and mining stocks struggled. NRG Energy reported strong earnings, leading S&P 500 gainers. Shopify’s inclusion in the Nasdaq 100 Index boosted its stock. Earnings reports for May 12 include companies like Fox Corp and ZoomInfo Technologies.



Read more at Nasdaq: Stocks are Sharply Higher as Global Trade Tensions Ease