The stock market is up today, with the S&P 500, Dow Jones, and Nasdaq all showing gains. AI-infrastructure and chipmaker stocks are leading the market higher. Nvidia’s earnings report is eagerly anticipated, with Bloomberg estimating Q4 revenue at $65.91 billion. Geopolitical concerns, including a potential US-Iran conflict, are weighing on investor sentiment.

President Trump’s commitment to tariffs was reiterated in the State of the Union address. New global tariffs of 10% have been implemented, with the possibility of raising them to 15%. Geopolitical tensions with Iran are escalating, with the US considering military action. The markets are also keeping an eye on upcoming economic data and corporate earnings reports.

US MBA mortgage applications rose slightly, with purchase mortgage applications down and refinancing applications up. The average 30-year fixed-rate mortgage fell to a 3.5-year low. Earnings season is winding down, with most S&P 500 companies beating expectations. The markets are pricing in a 2% chance of a rate cut at the next policy meeting.

Stocks are rising globally, with markets in Europe, China, and Japan posting gains. Interest rates on 10-year T-notes are down, while European government bond yields are up. The German Mar GfK consumer confidence index fell unexpectedly. Cryptocurrency-related stocks are rallying, while alcoholic beverage producers are seeing declines due to weak sales guidance.

Several US stock movers are making significant moves, with AI-infrastructure and chipmaker stocks on the rise. Alcoholic beverage producers like Diageo Plc are experiencing declines. Companies like Axon Enterprise and Albemarle are leading gainers, while GoDaddy and MercadoLibre are among the top losers. Earnings reports from companies like NVIDIA and Salesforce are anticipated.

Read more at Nasdaq: Stocks Push Higher as AI-Infrastructure Companies and Chipmakers Rally