
SHAREALAM
February 12, 2025 at 02:35 AM
🇺🇸 US Stock Market Highlights (Tuesday)
📈 Index Performance
Dow Jones: +0.28%
NASDAQ: -0.36%
S&P 500: Flat
📉 Key Factors
Markets digested cautious commentary from Fed Chair Jerome Powell on interest rates, while concerns lingered over U.S. tariffs and a potential escalation of a global trade war.
🎙️ Powell’s Senate Testimony
Signaled the Fed does not need to move quickly to cut rates.
Stated the economy is “strong overall” with a solid labor market.
Acknowledged inflation is easing but remains above the 2% target.
📊 Growth Stocks & Earnings Reactions
Apple (+2.2%) 💪: Reports suggest a partnership with Alibaba to develop AI features for iPhones in China, helping curb market losses.
💹 Other Assets
US 10-Year Yield: 4.53%
Dollar Index: 108 💲
Brent Crude: $76.7/barrel ⛽
Gold: $2,905/ounce 🏆
Bitcoin: $95,850 💸
📆 Cues to Track on Wednesday
1⃣ Powell’s testimony before the House Committee on Financial Services.
2⃣ Earnings reports: CVS Health, Robinhood, Cisco Systems & MGM Resorts.
3⃣ Key Economic Data: January CPI (Consumer Price Index) release.