From Nasdaq: 2025-05-13 18:19:00

Stock indexes closed mixed on Tuesday, with the S&P 500 up +0.72%, Dow Jones down -0.64%, and Nasdaq up +1.58%. Futures also rose, with S&P futures up +0.64% and Nasdaq futures up +1.48%. Stocks rallied on easing inflation fears and US-China trade truce. Chip makers surged after Nvidia and AMD deal news.

JPMorgan boosts US 2025 GDP forecast to +0.6% on reduced recession risk. Health insurance stocks plummeted as UnitedHealth CEO steps down, suspending outlook. Treasury Secretary’s EU trade comments dampened market sentiment. This week focuses on tariff news, retail sales, PPI, manufacturing production, housing starts, and consumer sentiment.

Earnings season sees 77% of S&P 500 companies beating estimates. Earnings growth in Q1 at +13.1%, surpassing expectations. Overseas markets also settled higher. Interest rates fluctuated, with T-notes falling on market rally. European government bond yields rose. German economic growth outlook improved.

Chip stocks led Tuesday’s market rally, with Nvidia, Micron, and AMD up over +5%. Coinbase surged as it joins S&P 500. Other gainers include Super Micro Computer, Palantir, and ON Holding. Caterpillar rose +2%, while health insurance stocks like UnitedHealth and Humana plummeted. Defensive food stocks suffered losses.

Upcoming earnings reports include Cisco, DXC, Dynatrace, and more. Disclaimer: Author has no positions in mentioned securities. Information is for informational purposes only. Views expressed are author’s own and not Nasdaq’s.



Read more at Nasdaq: Stocks Finish Higher on Easing Price Pressures and Chip Stock Strength