US stocks ended higher Thursday after US President Donald Trump unveiled a roadmap for charging reciprocal tariffs on US trading partners. The S&P 500 rose 1.04%, while the Nasdaq gained 1.50% and the Dow Jones Industrial Average increased 0.77%. Nvidia, Apple, and Tesla led gains, with shares jumping 5.9%, 3.2%, and 2%, respectively.
The tariffs are expected to match the higher duties charged by other countries and could be imposed within weeks as Trump’s trade and economic team studies bilateral tariff and trade relationships. Investors were also reassured by data showing US producer prices increased in January, with key elements of the core Personal Consumption Expenditures (PCE) index being benign or lower.
Yields on the 10-year US Treasury bond moved sharply lower, indicating investors are growing more confident about inflation cooling. The S&P 500 approached its record high close on January 23 as equity investors took cues from the bond market.
Source: https://www.reuters.com/markets/us/futures-subdued-markets-await-monthly-producer-price-data-2025-02-13