IXIC: Nasdaq rises 1% as tech stocks defy tariff pressures
Press Hub UCapital
Share:
IXIC +0.98%
MSFT +0.60%
META +0.40%
AMZN +1.74%
The Nasdaq Composite Index posted a 1% gain to kick off the trading week, as investors shrugged off trade tensions and focused on the resilience of major tech stocks. Despite mounting concerns over new tariffs, a tech-led rally lifted sentiment across markets.
Big tech leads the charge
The rally was driven by a handful of heavyweight tech names, with Microsoft (MSFT) and Meta (META) both advancing 0.5%, while Amazon (AMZN) staged a 1.7% recovery following last week’s post-earnings decline. Meanwhile, Tesla (TSLA) lagged the broader market, dropping 3% after reports showed an 11.5% decline in January sales in China. The S&P 500 and the Dow Jones Industrial Average also closed in positive territory, gaining 0.7% and 0.4%, respectively, as investors balanced optimism with the unfolding trade war narrative.
Trump escalates trade tensions with steel tariff
Markets continued digesting the latest trade policy developments after President Donald Trump announced a 25% tariff on all steel and aluminum imports on Monday. The move follows last week’s threat of “reciprocal tariffs” targeting countries with higher import duties on US goods. Despite ongoing geopolitical uncertainty, investors seemed to discount immediate economic damage, focusing instead on earnings resilience and potential fiscal policy adjustments.
Powell’s testimony to set the tone for markets
All eyes are now on Federal Reserve Chair Jay Powell, who is set to testify before Congress over the next two days. Powell’s remarks will be closely monitored for insights on interest rate policy, inflation, and the potential impact of new tariffs on the economy. With the CPI inflation report due on Wednesday, markets are bracing for volatility across equities, forex, and crypto as investors gauge how the Fed will respond to a shifting macroeconomic landscape. Powell’s testimony is expected to set the tone for rate expectations and broader risk sentiment in the weeks ahead.
MSFT +0.60%
META +0.40%
AMZN +1.74%
The Nasdaq Composite Index posted a 1% gain to kick off the trading week, as investors shrugged off trade tensions and focused on the resilience of major tech stocks. Despite mounting concerns over new tariffs, a tech-led rally lifted sentiment across markets.
Big tech leads the charge
The rally was driven by a handful of heavyweight tech names, with Microsoft (MSFT) and Meta (META) both advancing 0.5%, while Amazon (AMZN) staged a 1.7% recovery following last week’s post-earnings decline. Meanwhile, Tesla (TSLA) lagged the broader market, dropping 3% after reports showed an 11.5% decline in January sales in China. The S&P 500 and the Dow Jones Industrial Average also closed in positive territory, gaining 0.7% and 0.4%, respectively, as investors balanced optimism with the unfolding trade war narrative.
Trump escalates trade tensions with steel tariff
Markets continued digesting the latest trade policy developments after President Donald Trump announced a 25% tariff on all steel and aluminum imports on Monday. The move follows last week’s threat of “reciprocal tariffs” targeting countries with higher import duties on US goods. Despite ongoing geopolitical uncertainty, investors seemed to discount immediate economic damage, focusing instead on earnings resilience and potential fiscal policy adjustments.
Powell’s testimony to set the tone for markets
All eyes are now on Federal Reserve Chair Jay Powell, who is set to testify before Congress over the next two days. Powell’s remarks will be closely monitored for insights on interest rate policy, inflation, and the potential impact of new tariffs on the economy. With the CPI inflation report due on Wednesday, markets are bracing for volatility across equities, forex, and crypto as investors gauge how the Fed will respond to a shifting macroeconomic landscape. Powell’s testimony is expected to set the tone for rate expectations and broader risk sentiment in the weeks ahead.