Happy Thursday, investors! It is February 13th, the market is climbing, and companies that reported earnings are mostly doing well this morning. Trump is announcingreciprocal tariffsthis afternoon—how will it affect markets? Let's dive intoLive Stock Newsand find out:
–$Applovin (APP.US)$shares climbed 30% after the firm reported revenue that rose 44% in the year to $1.37 billion, $100 million over estimates.
–$West Pharmaceutical Services (WST.US)$fell 29%, the lowest decliner on the S&P 500, after the firm said its coming 2025 fiscal year revenue would be $100 million less than estimated.
–$MGM Resorts International (MGM.US)$climbed 13%, the highest percentage gainer on the S&P 500.
–$Intel (INTC.US)$climbed 8%, on track for its highest close since the start of the year.
–$Robinhood (HOOD.US)$climbed 11% on earnings that came in double expectations, with revenue up 115% year-over-year.
–$Tesla (TSLA.US)$climbed 6% after the State Department said it would purchase up to $400 million in armored Tesla Cybertrucks, according to a procurement budget document for 2025. That's a lot of Warthogs.
–$Reddit (RDDT.US)$fell 6% after the firm posted Q4 earnings results above estimates but reported a $484 million loss for the fiscal year. The firm's daily active users were also below estimates, at 101 million vs. 103 million.
Elsewhere in the economy:
–$Crude Oil Futures (APR5) (CLmain.US)$fell to its lowest level since the start of the new year, on news that Trump and Russian President Putin held a call to try to end the Ukraine war. Less war, fewer tanks, less oil.
–Goldclimbed but not high enough to retake all-time highs.
–$Bitcoin (BTC.CC)$hovered but fell 2%.
Overall, the market climbed Thursday. Just past 11:30 am ET:
–$S&P 500 Index (.SPX.US)$traded +0.53%
–$Dow Jones Industrial Average (.DJI.US)$fell 0.24%
–$Nasdaq Composite Index (.IXIC.US)$climbed 0.90%
In Macroeconomics Thursday: Jobless claims came in as expected. The real news of the day is the build-up to Trump's new tariffs, expected to affect any trading partner with the U.S. Trump called today the "BIG ONE" in all caps in a Twitter post Thursday.
Reciprocal tariffs, joining the paused 25% tariffs on Canada and Mexico, 10% tariffs on China, and 25% tariffs on steel and aluminum, would affect instances where countries levy tariffs on U.S. goods, but not the other way around.
Greg Husisian, a partner at law firmFoley & Lardner, told Yahoo Finance one example: European cars face a 2.5% tariff in the U.S., while American cars exported to European Union countries face a 10% tariff. Trump may announce Euro cars will now face 10% tariffs for U.S. importers.
Yesterday, users were upset when I spoke ill of our dear leader,Musk,as he talked in the White House. Meanwhile, theGOP Congressproposed a bill that would cut nearly $5 trillion in taxes over a decade while extending the debt limit by $4 trillion.
Traders, what do you think? What are you watching on the stock market today? What is the herd following? Let me know in the comments below!
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LittleSoldier : Well apparently traders have gotten over the fear of tariffs today because the markets seem to be doing well.
Kevin Travers OP LittleSoldier : here here!
Phillip Tally Kevin Travers OP : don't speak to soon
Kevin Travers OP Phillip Tally : Damned if I do, damned if I don't![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Sam Vandersey : Mr. Travers. Thank you!
Dan’l : $Robinhood (HOOD.US)$ is (appropriately) named for a thief ~;-)