The S&P 500, Dow Jones, and Nasdaq are up today. Stock indexes rallied after the Supreme Court struck down Trump’s global tariffs. US Q4 GDP grew less than expected, and inflation pressures may prevent Fed rate cuts. Geopolitical risks, including Iran tensions, also impact markets. Earnings season is positive, with 74% of S&P 500 companies beating expectations.

US Dec personal spending and income rose, but manufacturing activity slipped in Feb. The Federal Reserve’s preferred inflation gauge, the core PCE price index, rose more than expected. Overseas markets are mixed, with Euro Stoxx 50 hitting an all-time high. Interest rates are influenced by inflation data and geopolitical tensions. European government bond yields are lower today.

Stock movers include tech giants like Alphabet and Amazon. Cryptocurrency-exposed stocks are up, while asset managers like Blue Owl Capital are down. RingCentral, Comfort Systems USA, and Live Nation Entertainment report positive revenue results. Akamai Technologies and Newmont face challenges. Earnings reports include companies like Anglogold Ashanti Plc and Western Union Co.

The author did not hold positions in the mentioned securities. All information is for informational purposes only. Views expressed are solely those of the author.

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