From Nasdaq: 2025-02-13 20:14:42

Stock indexes rallied on Thursday, with the S&P 500, Dow Jones, and Nasdaq closing higher. Factors included positive bond yield data and favorable components in the Jan PPI report. Chip stocks surged, supported by declining bond yields. President Trump’s tariff measure also influenced market gains.

Earnings results were mixed, with MGM Resorts, Molson Coors, and GE HealthCare reporting above-consensus numbers. However, Datadog and Deere & Co faced declines. European stocks hit a 25-year high on hopes of peace in Ukraine. US weekly initial unemployment claims fell, indicating a robust labor market.

Jan PPI data showed increases exceeding expectations, supporting a stronger labor market. Retail sales and manufacturing production reports are awaited. Earnings season continues with the majority of S&P 500 companies beating estimates. The likelihood of a rate cut at the next FOMC meeting stands at 2%.

Interest rates saw 10-year T-note yields fall amid positive PPI components and lower crude oil prices. European bond yields also declined. Eurozone industrial production fell. The market anticipates an ECB rate cut in March. US Stock Movers included MGM Resorts, Intel, and AppLovin posting strong gains, while West Pharmaceutical Services and Trade Desk faced losses.



Read more at Nasdaq: Stocks Rally as Inflation Fears Recede and Tariffs Delayed