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Stocks were higher on Friday as President Trump’s latest announcement of new tariffs and China’s vow to retaliate heightened trade tensions.
At around 12:40 PM in New York, the S&P 500 and Nasdaq-100 added 0.2% and 0.3%, respectively, while the Dow Jones Industrial Average popped by 0.2%.
The personal consumption expenditures (PCE) price index, a key inflation gauge tracking consumer spending on goods and services, was released in the morning, showing a 2.6% annual inflation rate for January—matching estimates and signaling steady inflation.
Here are stocks to watch today:
Dell
Dell (DELL+4.44%) shares declined on Friday after the tech company posted better-than-expected earnings but reported revenue of $23.9 billion, falling short of the projected $24.55 billion. Investors are also concerned about the profitability of the firm’s server business.
Monster Beverage
Monster Beverage (MNST+0.89%) stock gained on Friday after the drink company’s quarterly net sales topped analysts’ expectations, even as earnings per share fell short, Reuters reported.
NetApp
NetApp’s (NTAP+1.48%) shares fell in the afternoon as the company’s revenue missed consensus.
Nvidia
AI powerhouse Nvidia (NVDA+0.54%) recovered in the morning following President Trump’s tariff plans and China’s vows to take retaliatory measures.
Earlier this week, the chip giant surpassed fourth-quarter estimates with robust guidance, highlighting sustained demand fueled by the artificial intelligence boom.
Rocket Lab
Rocket Lab (RKLB-2.42%) stock plunged on Friday after the commercial space company posted fourth-quarter results that were in line with expectations but issued disappointing guidance and announced product delays.
SMCI
Super Micro Computer (SMCI+0.90%) shares fell, wiping out gains from earlier this week as the escalating tariff war and economic concerns weighed on the AI hardware maker.