From Nasdaq: 2025-05-14 12:56:00

Stock indexes were mixed today, with the Nasdaq 100 hitting a 2-1/2 month high. Chip makers drove market gains as the Trump admin plans to expand AI chip access for Saudi Arabia and UAE. T-notes dropped to a 1-month low on hawkish comments. Expect focus on tariffs and trade deals.

Q1 earnings reports show 77% of S&P 500 companies beating estimates with earnings up +13.1%. Overseas markets mixed, with the Euro Stoxx 50 down -0.28%. Interest rates saw T-notes at a 1-month low and rising inflation expectations. ECB swaps predict a -25 bp rate cut.

Chip stocks like AMD and Nvidia led market gains today. Health insurance companies rebounded. Super Micro Computer and Exelixis showed strong stock movement. Boeing rose after Qatar’s aircraft deal. Tesla plans to import components from China. Gold mining stocks declined.

Companies like Loar Holdings, American Eagle, Cboe Global Markets, Target, and Consolidated Edison saw declines. Earnings reports include Cisco, DXC, Dynatrace, Millrose Properties, New Fortress Energy, and STERIS PLC. The author did not hold positions in the mentioned securities.



Read more at Nasdaq: Stocks Turn Mixed as Bond Yields Rise