Stocks Rise Amid Tariff News, Earnings Surge; Palantir Surges 24% on AI Boom
On February 4, 2025, stocks surged as investors responded to news about the Trump administration’s tariff decisions and a flurry of corporate earnings reports. The S&P 500 rose by 0.7%, the Nasdaq Composite increased by 1.4%, and the Dow Jones added 0.3%.
The market initially dropped on Monday due to the announcement of executive orders by Trump imposing tariffs on major trading partners. However, on Tuesday, Trump delayed the 25% tariffs on Canada and Mexico for 30 days, though the 10% tariffs on Chinese imports proceeded as planned. In retaliation, Beijing announced it would impose duties on U.S. products starting next week.
Among notable stock moves, Palantir (PLTR) led the market, soaring 24% after posting strong Q4 results and issuing an optimistic forecast amid soaring demand for AI. Spotify (SPOT) shares rose 13% following strong revenue and subscriber growth.
However, some major companies struggled, with Merck (MRK) falling 9% after issuing a disappointing outlook, and Pfizer (PFE) dropping 1% following its earnings release. PepsiCo (PEP) saw a 4.5% decline as its results missed expectations, while Estee Lauder (EL) slid 16% after reporting a surprising loss and announcing layoffs.
Tech stocks saw gains across the board, with Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL), Tesla (TSLA), and Broadcom (AVGO) all adding more than 2%. Nvidia (NVDA) rebounded with a 1.7% gain after recent losses, while Microsoft (MSFT) and Meta Platforms (META) also gained. Alphabet shares dropped 8% in after-hours trading due to weaker-than-expected cloud revenue, and Advanced Micro Devices (AMD) also saw losses after its earnings release.
Elsewhere in the markets, the yield on 10-year U.S. Treasurys dropped slightly to 4.51%, while Bitcoin fluctuated around $97,800, down from a high of $102,500 earlier in the day. Gold futures rose by 0.6%, reaching a record high of about $2,875 an ounce, and WTI crude oil futures fell by 0.8%.
This mix of tariff-related news, corporate earnings, and sector-specific performance is influencing investor sentiment and driving stock price movements across the board.
On February 4, 2025, stocks surged as investors responded to news about the Trump administration’s tariff decisions and a flurry of corporate earnings reports. The S&P 500 rose by 0.7%, the Nasdaq Composite increased by 1.4%, and the Dow Jones added 0.3%.
The market initially dropped on Monday due to the announcement of executive orders by Trump imposing tariffs on major trading partners. However, on Tuesday, Trump delayed the 25% tariffs on Canada and Mexico for 30 days, though the 10% tariffs on Chinese imports proceeded as planned. In retaliation, Beijing announced it would impose duties on U.S. products starting next week.
Among notable stock moves, Palantir (PLTR) led the market, soaring 24% after posting strong Q4 results and issuing an optimistic forecast amid soaring demand for AI. Spotify (SPOT) shares rose 13% following strong revenue and subscriber growth.
However, some major companies struggled, with Merck (MRK) falling 9% after issuing a disappointing outlook, and Pfizer (PFE) dropping 1% following its earnings release. PepsiCo (PEP) saw a 4.5% decline as its results missed expectations, while Estee Lauder (EL) slid 16% after reporting a surprising loss and announcing layoffs.
Tech stocks saw gains across the board, with Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL), Tesla (TSLA), and Broadcom (AVGO) all adding more than 2%. Nvidia (NVDA) rebounded with a 1.7% gain after recent losses, while Microsoft (MSFT) and Meta Platforms (META) also gained. Alphabet shares dropped 8% in after-hours trading due to weaker-than-expected cloud revenue, and Advanced Micro Devices (AMD) also saw losses after its earnings release.
Elsewhere in the markets, the yield on 10-year U.S. Treasurys dropped slightly to 4.51%, while Bitcoin fluctuated around $97,800, down from a high of $102,500 earlier in the day. Gold futures rose by 0.6%, reaching a record high of about $2,875 an ounce, and WTI crude oil futures fell by 0.8%.
This mix of tariff-related news, corporate earnings, and sector-specific performance is influencing investor sentiment and driving stock price movements across the board.