In This Article:
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) 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) 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) shares fell in the afternoon as the company’s revenue missed consensus.
Nvidia
AI powerhouse Nvidia (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.
Rocket Lab
Rocket Lab (RKLB) 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) shares fell, wiping out gains from earlier this week as the escalating tariff war and economic concerns weighed on the AI hardware maker.