Trade Desk falls on downbeat Q1 revenue forecast
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MGM Resorts up after Q4 results beat estimates
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White House says tariffs could come in weeks
(Updates with market close)
By Noel Randewich and Sukriti Gupta
Feb 13 (Reuters) - The S&P 500 ended higher on Thursday, lifted by gains in Nvidia, Apple and Tesla, after U.S. President Donald Trump unveiled a roadmap for charging reciprocal tariffs on U.S. trading partners.
A White House official said the tariffs would match the higher duties charged by other countries and could be imposed within weeks as Trump's trade and economic team studies bilateral tariff and trade relationships.
Stocks also gained after data showed U.S. producer prices increased in January, while key elements in the core Personal Consumption Expenditures (PCE) index, a measure closely tracked by the U.S. Federal Reserve, were benign or lower.
Components, including physician's office and hospital prices, were either broadly unchanged or rose modestly. Healthcare, with a nearly 20% weighting in the core PCE, declined 0.06%.
Yields on the 10-year U.S. Treasury bond moved sharply lower following the report, 에그벳주소 suggesting investors were growing more confident about inflation cooli
/>Gains in Tesla, Nvidia and Apple lifted the S&P 500.<
/>"Equity investors are taking cues from the bond market," said Jack Ablin, chief investment officer at Cresset Capital. "Investors were also preparing for kind of an alarmingly high inflation number, based on tariff
/>According to preliminary data, the S&P 500 gained 63.11 points, or 1.04%, to end at 6,115.08 points, while the Nasdaq Composite gained 295.69 points, or 1.50%, to 19,945.64. The Dow Jones Industrial Average rose 342.93 points, or 0.77%, to 44,714.
/>Interest rate futures suggest traders expect a single 25-basis-point rate cut from the central bank by the end of 2025, according to the CME's FedWatch To
/>The number of Americans filing new applications for unemployment benefits decreased last week, another report show
/>Chevron shares rose after the oil heavyweight said it will lay off up to 20% of its global workforce by the end of 20
/>Trade Desk slumped after the ad tech firm forecast first-quarter revenue below analysts' estimates.<
/>MGM Resorts International jumped after the casino operator beat fourth-quarter profit and revenue estimates. (Reporting by Shashwat Chauhan and Sukriti Gupta in Bengaluru, and by Noel Randewich in Oakland, Calif.; Editing by Pooja Desai, Maju Samuel and Aurora Ellis)
*
MGM Resorts up after Q4 results beat estimates
*
White House says tariffs could come in weeks
(Updates with market close)
By Noel Randewich and Sukriti Gupta
Feb 13 (Reuters) - The S&P 500 ended higher on Thursday, lifted by gains in Nvidia, Apple and Tesla, after U.S. President Donald Trump unveiled a roadmap for charging reciprocal tariffs on U.S. trading partners.
A White House official said the tariffs would match the higher duties charged by other countries and could be imposed within weeks as Trump's trade and economic team studies bilateral tariff and trade relationships.
Stocks also gained after data showed U.S. producer prices increased in January, while key elements in the core Personal Consumption Expenditures (PCE) index, a measure closely tracked by the U.S. Federal Reserve, were benign or lower.
Components, including physician's office and hospital prices, were either broadly unchanged or rose modestly. Healthcare, with a nearly 20% weighting in the core PCE, declined 0.06%.
Yields on the 10-year U.S. Treasury bond moved sharply lower following the report, 에그벳주소 suggesting investors were growing more confident about inflation cooli
/>Gains in Tesla, Nvidia and Apple lifted the S&P 500.<
/>"Equity investors are taking cues from the bond market," said Jack Ablin, chief investment officer at Cresset Capital. "Investors were also preparing for kind of an alarmingly high inflation number, based on tariff
/>According to preliminary data, the S&P 500 gained 63.11 points, or 1.04%, to end at 6,115.08 points, while the Nasdaq Composite gained 295.69 points, or 1.50%, to 19,945.64. The Dow Jones Industrial Average rose 342.93 points, or 0.77%, to 44,714.
/>Interest rate futures suggest traders expect a single 25-basis-point rate cut from the central bank by the end of 2025, according to the CME's FedWatch To
/>The number of Americans filing new applications for unemployment benefits decreased last week, another report show
/>Chevron shares rose after the oil heavyweight said it will lay off up to 20% of its global workforce by the end of 20
/>Trade Desk slumped after the ad tech firm forecast first-quarter revenue below analysts' estimates.<
/>MGM Resorts International jumped after the casino operator beat fourth-quarter profit and revenue estimates. (Reporting by Shashwat Chauhan and Sukriti Gupta in Bengaluru, and by Noel Randewich in Oakland, Calif.; Editing by Pooja Desai, Maju Samuel and Aurora Ellis)
