Stocks were higher on Friday as President Trump’s latest announcement of new tariffs and China’s vow to retaliate heightened trade tensions.
The trade war escalates as China vows to retaliate against Trump's tariff plans
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 $NDAQ-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:
Monster Beverage $MNST (MNST) stock gained on Friday after the drink company’s quarterly net sales topped analysts’ expectations, even as earnings per share fell short, Reuters reported.
AI powerhouse Nvidia $NVDA (NVDA) 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.
Super Micro Computer (SMCI) shares fell, wiping out gains from earlier this week as the escalating tariff war and economic concerns weighed on the AI hardware maker.
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