Markets News, April 14, 2025: Stocks Gain But Close Off Session Highs as Investors Digest News on Tech Tariff Exemptions

Traders work on the floor of the New York Stock Exchange
Traders work o𒐪n the flo꧒or of the New York Stock Exchange on Monday.

Stocks closed higher Monday following news over the weekend that certain technology products had received at least temporary exemptions from President Trump's "reciprocal" tariffs. 

The Dow Jones Industrial Average and 澳洲幸运5开奖号码历史查询:S&P 500 each gained 0.8%, while the tech-heavy 澳洲幸运5开奖号码历史查询:Nasdaq Composite added 0.6%. The majorꩵ indexes, which closed well off their session highs, had risen sharply early in day but slipped into negative territo🌠ry around midday before recovering in the afternoon.

Stocks were coming off an 澳洲幸运5开奖号码历史查询:extraordinarily volatile week in which the Dow and S&P 500 posted their biggest weekly gains since November 2023, while the Nasdaq Composite turned in its best performance since late 2022. The market whipsa꧙wed last week on a flurry of headlines about tariffs, which the White House says will restore competitive balance and bring manufacturing and jobs back to the U.S., while analysts fear the trade measures will spark inflation and stall economic growth.

Technology stocks jumped this morning following the news that the 澳洲幸运5开奖号码历史查询:Trump administration had decided to exempt smartphones, computers and chips from the so-called "reciprocal" tariffs that the Trump administration is pursuing. President 澳洲幸运5开奖号码历史查询:Trump last week announced a pause on those tariffs for most countries, though China still faces a total levy of 145% on its exports to the U.S. White House officials on Sunday indicated that the 澳洲幸运5开奖号码历史查询:exemptions may only be temporary, 🌄with sector-specific tꦐariffs coming soon, which may have limited the upside for tech stocks today.

Apple (AAPL), which has a huge manufacturing presence in China, closed 2.2% higher after rising as much as 7.5% this morning. Other mega-cap tech stocks were mixed. Alphabet (GOOG) gained about 1%, while Tesla (TSLA) finished fractionally higher. Meta Platforms (META) and Broadcom (AVGO) each dropped about 2%, while Amazon (AMZN) slipped 1.5% and Nvidia (NVDA), Microsoft (MSFT) fell slightly.

Among other noteworthy tech movers, Dell Technologies (DELL) rose 4% and memory chip maker Micron (MU) added more than 2%, boosted by the news of the🀅 tariff exemptions, though each stock wasཧ down substantially from its intraday high.

Intel (INTC) was up about 3% as the 澳洲幸运5开奖号码历史查询:chipmaker announced it agreed to sell 51% of its programmable chip business Altera to private equity firm Silver Lake. Palantir (PLTR) jumped nearly 5% after the data analytics company said NATO had acquired 澳洲幸运5开奖号码历史查询:the firm's AI-ena꧋bled military system.

Shares of automakers popped after 澳洲幸运5开奖号码历史查询:President Trump said he was looking to "help" car companies, who "need a little bit of time" to shift manufacturing to the U.S. General Motors (GM) and Ford (F) gained about 3.5% and 4%, respectively.

Shares of Goldman Sachs (GS) advanced nearly 2% after the 澳洲幸运5开奖号码历史查询:investment bank released quarterly results that mostly exceeded analysts' expectations. Big bank earnings kicked off last week, with  澳洲幸运5开奖号码历史查询:Morgan Stanley (MS), 澳洲幸运5开奖号码历史查询:JPMorgan Chase (JPM) and 澳洲幸运5开奖号码历史查询:Wells Fargo (WFC) each topping estimates, though bank executives 澳洲幸运5开奖号码历史查询:struck a cautious tone about tꦦhe rest of 2025 amid uncertainty around the Trump administration's tariffs.

Strategy (MSTR), ♊the big bitcoin buyer than until recently was known as MicroStrate🐠gy, was up about 4% as the digital currency gained ground. Bitcoin was trading at nearly $85,000 when stock trading closed, up from an earlier low of around $83,000.

The yield on the 10-year Treasury note, which affects borrowing costs on a wide range of loans, 澳洲幸运5开奖号码历史查询:notably mortgages, was at 4.38% in late trading, down from 4.49% at Friday's close. The 澳洲幸运5开奖号码历史查询:yield soared last week as investors sold off government bonds, sparking concerns that investors could be losing confidence in Treasurys as a safe havenಞ asset.

Gold futures, which hit a series of record highs last week, were down 0.6% at $3,225 an ounce this morning. West Texas Intermediate futures, the U.S. crude oil benchmark inched higher to $61.55 per barrel, after falling to a four-year low of $55 last week amid concerns about a slowdown in global demand.

These Were the Big S&P 500 Movers on Monday

April 14, 2025 06:18 PM EDT

Gainers

  • Charles River Laboratories (CRL) posted the strongest daily gain of any S&P 500 stock, as shares added 6.9%. With Monday's push higher, the stock clawed back a portion of the sharp decline posted late last week after the 澳洲幸运5开奖号码历史查询:Food and Drug Administration said it would phase out animal testing requirements in the development of monoclonal antibodies and other treatments.
  • Palantir Technologies (PLTR) shares surged 4.6% after the North Atlantic Treaty Organization (NATO) announced it 澳洲幸运5开奖号码历史查♚询:acquired an AI-based military system developed by the data analytics software firm. NATO said the procurement, "was one of the most expeditious in NATO’s history, taking only six months from outlining the requirement to acquiring the system." 
Palantir CEO Alex Karp speaks during the AIPCon conference in Palo Alto, California on March 13, 2025
Pal📖ܫantir CEO Alex Karp speaks during the AIPCon conference in Palo Alto, California on March 13, 2025.

Bloomberg / Contributor / Getty Images

Decliners

-澳洲幸运5开奖号码历史查询:Michael Bromberg

Goldman Downgrades Hyatt, Hilton, Marriott

April 14, 2025 05:57 PM EDT

Goldman Sachs lowered its outlook for U.S. hotels Monday, pointing to lagging consumer demand, growing economic uncertainty, 🍎and troubling signals from the airline industry.

The bank said it now expects U.S. hotels' average revenue per available room, or RevPAR, to grow 0.4% in 2025, down its prior estimate of 1.4%. As a result, Goldman analysts dropped their rating for Hyatt Hotels (H) stock to “sell," and downgraded Marriott International (MAR) and Hilton Worldwide (HLT) to “neutral.” 

The updated forecast does not account for a recession, Goldman said, which “would likely drive further downside." The bank currently places the odds of a recession at 45%, noting that past economic downturns have brought double-digit declines in RevPAR.

Shares of Hyatt dropped 3% Monday, while Ma🐻rriott and Hilton each fell about 1%, amid broader market gains.

In March, three of the largest U.S. airlines—Delta Air Lines (DAL), Southwest Airlines (LUV), and American Airlines (AAL)—had 澳洲幸运5开奖号码历史查询:dropped projections for the first quarter of the year, citing weakening travel demand amid wor🦩ries about the economy.

Delta CEO Ed Bastian said last week that people are “acting as if we're going 澳洲幸运5开奖号码历史查询:[into] a recession,” 😼and the airline withdrew its full-year guidance.

The demand warning from airlines 澳洲幸运5开奖号码历史查询:hit trave🍸l 𒈔stocks across the booking industry, including hotels and cruise lines. Shares of Hilton, Marriott, and Hyatt have all lost about a fifth of theirꦯ value since the beginning of March.

-澳洲幸运5开奖号码历史查询:Andrew Kessel

Nvidia Says It Will Make AI Supercomputers in U.S.

April 14, 2025 05:46 PM EDT

Nvidia (NVDA) on Monday announced plans to build supercomputers entirely in the U.S., wiꦺth the chipmaker and its partners set to invest up to $500 billion in American AI infrastructure over the next four years.

“The engines of the world’s AI infrastructure are being built in the United States for the first time,” Nvidia CEO Jensen Huang said in a release, adding "American manufacturing helps us better meet the incredible and growing demand for AI chips and supercomputers, strengthens our supply chain and boosts our resiliency.”

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., speaks during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 18, 2025.
Nvidia CEO Jensen Huang speaks at the company's GPU Technology Conference in March.

David Paul Morris / Bloomberg / Getty Images

Nvidia said its supercomputer manufacturing plants in Texaꦕs, being built in partnership with Foxconn and Wistron, are set to ramp production in the next 12 to 15 months.

The chipmaker said its Blackwell chips have already started production at Taiwan Semiconductor Manufacturing Company's (TSM澳洲幸运5开奖号码历史查询:facilities in Arizona.

Nvidia shares closed slightly lower on Monday and have fallen about 18% since the start of the year, as concerns about tariffs and other factors have 澳洲幸运5开奖号码历史查询:weighed on tech giants.

-澳洲幸运5开奖号码历史查询:Aaron McDade

KeyBanc Says Tariff Exemption 'Best Case Scenario' for Apple

April 14, 2025 04:44 PM EDT

Apple (AAPL) stock was upgraded by KeyBanc after smartphones, computers, and other electronics 澳洲幸运5开奖号码历史查询:were exempted from President Donald Trump's  澳洲幸运5开奖号码历史查询:"reciprocal" tariffs.

The Trump administration's updated guidance announced Friday “is probably the best case scenario” for Apple, KeyBanc analyst Brandon Nispel said.

 “With the worst case scenario of continuing ‘tit-for-tat’ trade war escalation likely no longer in play and the exception on smartphones from tariffs, we find it difficult to argue for further downside,” Nispel added. KeyBanc upgraded the iPhone maker's stock to a neutral “sector weight” rating from “underweight."

Citi analysts said they expect Apple's stock to get a boost from the tech tariff exemptions, but warned Apple's products “are not immune” to a weak macro environment. The bank kept its “outperform” rating for Apple, but lowered its sales estimates for iPhones, Macs, and Apple wearable devices, given its projection of a contraction in global 澳洲幸运5开奖号码历史查询:gross domestic product this year under new tariffs. 

The tariff exemptions could also prove temporary, after Commerce Secretary  澳洲幸运5开奖号码历史查询:Howard Lutnick said Sunday that the administration plans to impose new ꦫtariffs within a couple months.

Wedbush, which holds an “outperform” rating for Apple stock, said the exemption window “gives some flexibility 🐻and allows for China negotiations to hopefully take place in the💮 coming months which could deescalate some tariff/trade war issues with Big Tech caught in the middle.”

Apple stock vs S&P 500 YTD chart

TradingView

Shares of Apple rose about 2% to close at $202.52 Monday, extending Friday's gains. Still, they've lost nearly one-fifth of their value since the start of the year, far outpacing the decline for the S&P 500 so far in 2025,

-澳洲幸运5开奖号码历史查询:Andrew Kessel

Why Ford and GM Shares Popped on Monday

April 14, 2025 03:27 PM EDT

Shares of U.S. automakers jumped Monday afternoon amid speculation the companies could receive some relief from President Trump’s 澳洲幸运5开奖号码历史查询:25% auto tariffs

Trump reportedly said Monday he was “looking for something to help some of the car companies,” that “need a little bit of time” to move o🌠perations from Canada and Mexico to t✨he United States.

Shares of Ford (F) surged close to 5% in recent trading, after falling as much as 1% earlier in the day, while General Motors (GM) shares, also down 1% earlier in the session, were up nearly 4%. Shares of Chrysler-parent Stellantis (STLA), down as much as 1.5% midday following a 澳洲幸运5开奖号码历史查询:downgrade by UBS, jumped 6%. 

Trump over the weekend 澳洲幸运5开奖号码历史查询:announced that smartphones, computers, and other electronics will be exempt from the “reciprocal” tariffs anno🥀unced earlier this month. The president’s latest tariff about-face has boosted hopes on Wall Street that there may be more carve-outs to come for select companies, industries, and countries. 

Carmakers were among the first companies to enter the crosshairs of Trump’s tariff policies. Ford, GM, and Stellantis’ supply chains were thrown into the spotlight in early February when Trump announced tariffs on Canada and Mexico, where the car companies have a major manufacturing presence. Trump watered down those tariffs but subsequently announced a 澳洲幸运5开奖号码历史查询:25% tari🐠ff o🔜n all cars and auto parts not compliant with th🌳e U.S.-Mexico-Canada Agreement that Trump negotiated in his first term. 

Automakers have warned that tariffs could dramatically increase the cost of manufacturing vehicles and that those costs would ultimately be 澳洲幸运5开奖号码历史查询:passed along to consumers.

-澳洲幸运5开奖号码历史查询:Colin Laidley

Citi Downgrades US Stocks, Upgrades Japan

April 14, 2025 02:00 PM EDT

Citi became the latest investment firm to voice skepticism aﷺbout the outlook for U.S. stocks on Monday as tariff uncertainty continues to weigh on sentiment. 

Citi analysts on Monday downgraded U.S. stocks to "neutral" from "overweight," citing "still-high valuations and mounting downgrade pressures." The analysts also upgraded Japanese and U.K. stocks to "overweight," joining continental Europe in Citi's group of preferred regions.

Tariffs, the analysts said, are likely to reduce both U.S. GDP and corporate earnings, undermining two of the core drivers of the "U.S. exceptionalism" of the past decade-plus. At the same time, Citi estimates U.S. stocks as a whole are historically expensive, "trading at c80th percentile valuation multiple vs. history" even after the recent sell-off. 

U.S. stocks have outperformed their global peers for most of the past 15 years. The post-澳洲幸运5开奖号码历史查询:Global Financial Crisis order of low interest rat♛es and low inflation favored the fast-growing tech stocks that have come to dominate the U.S. stock market. As a result of Wall Street's outperformance, international investors have bought far more U.S. stocks than the other way around. Citi warns that, against this backdrop, "small shifts in allocation decisions can have an outsized impact."

As U.S. stocks have lost their sheen, international equities have taken on a fresh luster. European and Japanese equities, Citi says, trade at attractive valuations. Japanese equities appear to be pricing in a more substantial earnings contraction than other markets, but "Japan seems as likely as any market to see reprieve from US tariffs," the analysts note.

Citi also forecasts that the U.S. market is made even less attractive relative to Europe and Japan by the White House's unpredictability. "While tariff risks have abated, macro/policy uncertainty remains elevated. ... Investors have also shown signs of shunning other US assets, with the dollar weakening and US Treasury yields rising," the analysts wrote. "Therefore, we believe investors could continue allocating away from US equities as well."

-澳洲幸运5开奖号码历史查询:Colin Laidley

Netflix Levels To Watch Ahead of Thursday's Earnings Report

April 14, 2025 01:05 PM EDT

Netflix (NFLX) shar𝔍es moved higher to start the week as the streaming giant gets set to🅷 report earnings after Thursday’s close.

Despite concerns that a 澳洲幸运5开奖号码历史查询:tariff-induced recession could slow advertising spending and see consumers reign in discretionary purchases on services like streaming subscriptions, Wall Street has an average澳洲幸运5开奖号码历史查询: "buy" rating on the stock. Analysts at JPMorgan recently pointed out that the company sits positioned to weather an uncertain 澳洲幸运5开奖号码历史查询:macro environment given its 澳洲幸运5开奖号码历史查询:strong subscriber base.

Netflix shares were up 3% at around $946 in recent trading, pushing the stock's year-to-date gain to about 6%.

Below, we take a closer look at Netflix’s chart and apply 澳洲幸运5开奖号码历史查询:technical analysis to identify vital price levels worth watching out for ahead of the st🎀reaming giant’🌱s quarterly results.

Source: TradingView.com.

Since minting their 澳洲幸运5开奖号码历史查询:record high in mid-February, Netflix shares have trended lower within a 澳洲幸运5开奖号码历史查询:descending channel.

More recently, the stock found buying interest near the pattern’s lower trendline last week, potentially setting the stage for a post-earnings 澳洲幸运5开奖号码历史查询:continuation rally.

Meanwhile, last week’s bounce coincided with a strong uptick in the 澳洲幸运5开奖号码历史查询:relative strength index (RSI) to indicate accelerating momentum before the indicator dipped slightly on Thursday and Friday as the price 澳洲幸运5开奖号码历史查询:consolidated after Wednesday’s rally.

Selling from current levels could see a retest of last week’s intraday low around $821. This area on the chart may also provide support near the descending channel’s lower 澳洲幸运5开奖号码历史查询:trendline and the stock’s January trough.

澳洲幸运5开奖号码历史查询:breakdown here could trigger a fall to the next level of vital support at $765. Investors may look to 澳洲幸运5开奖号码历史查询:accumulate shares in this region near the upper level of a consolidation period that formed on the chart following last October’s 澳洲幸运5开奖号码历史查询:breakaway gap.

Further buying this week could fuel a rally to the $1,000 level. This area would likely attract significant attention near the 澳洲幸运5开奖号码历史查询:psychological round number and a range of corresponding𒅌 trading activity on the chart stretching back to mid-October.

Finally, a more bullish move in Netflix shares could see the price climb to $1065, a location on the chart where investors may seek 澳洲幸运5开奖号码历史查询:profit-taking oppor🐻tu🦩nities near the stock’s record high. 

-澳洲幸运5开奖号码历史查询:Timothy Smith

Palantir Pops After NATO Acquires AI-Enabled Warfighting System

April 14, 2025 12:21 PM EDT

Palantir Technologies (PLTR) was one of the biggest gainers in the 澳洲幸运5开奖号码历史查询:S&P 500 Monday after the 澳洲幸运5开奖号码历史查询:North Atlantic Treat♈y Organization (NATO) announced it acquired the firm's 澳洲幸运5开奖号码历史查询:artificial intelligence-enabled military system.

NATO said Monday that on March 25, it "finalized the acquisition of the Palantir Maven Smart System NATO (MSS NATO) for employment within NATO's Allied Command Operations (ACO), marking a significant advancement in the modernization of NATO's warfighting capabilities."

Financial terms were not disclosed. The agency said the procurement "was one of the most expeditious in NATO’s history, taking only six months from outlining the requirement to acquiring the system," and that "it is expected that ACO will begin using the new system within the next 30 days."

Palantir stock was up 4% in recent trading after surging about 8% earlier in the day. Shares have added about one-🐟quarter of their value in 2025 and🍒 soared more than 300% over the past 12 months.

-澳洲幸运5开奖号码历史查询:Aaron Rennie

Intel Sells 51% Stake in Altera Unit

April 14, 2025 11:32 AM EDT

Shares of Intel (INTC) rose Monday morning after the chipmaker said it agreed to sell 51% of its programmable chip busine൲ss Altera to private equity firm Silver Lake.

The deal values Altera at $8.75 billion, and will leave Intel with the remaining 49% ownership stake, the companies said Monday. Intel said that Raghib Hussain will be CEO of Altera, effective May 5, joining the company from his role as president of Products and Technologies at Marvell (MRVL).

“Todᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚay’s announcement reflects our commitment to sharpening our focus, lowering our expense structure and strengthening our balance sheet,” Intel CEO Lip-𒈔Bu Tan said.

The companies expect the deal to close in the second half of this year. Altera's results will be removed from Intel's quarterly consolidated financial statements once the deal is closed. The unit recorded revenue of $1.54 billion and adjusted operating income of $35 million in fiscal 2024.

The news follows 澳洲幸运5开奖号码历史查询:speculation of a possible deal&nb♏sp;for a stake in Altera and other parts of Intel's business earlier this ye♐ar.

Intel shares were𒈔 up about 3% in recent trading. The chipmaker is set to report first-q🔴uarter results after the market closes on April 24.

-澳洲幸运5开奖号码历史查询:Aaron McDade

Pfizer Halts Development of Obesity Drug

April 14, 2025 10:53 AM EDT

Pfizer (PFE) said it will stop development of an oral daily weight-loss pill after a participant taking the drug in a 澳洲幸运5开奖号码历史查询:clinical trial experienced a liver injury.

The GLP-1 receptor agonist, danuglipron, was seen as Pfizer's potential answer to popular weight-loss treatments like Novo Nordisk's (NVO) Ozempic and Wegovy and Eli Lilly’s (LLY) Zepbound and Mounꦐjaro, which are injected weekl🎃y.

U.S.-listed shares of Novo Nordisk and Lilly stock were each up about 3% i💫n recent trading, wh𒆙ile Pfizer shares were 1% higher. 

Danuglipron "met key pharmacokinetic objectives" in a Phase 3 trial but one patient "experienced potential drug-induced liver injury," Pfizer said, adding that the injury "resolved" after treatment was discontinued.

Pfizer Chief Scientific Officer Chris Boshoff said the company would continue to develop an "oral GIPR antagonist candidate and other earlier obesity programs."

Pfizer vs S&P 500 chart YTD

TradingView

Pfizer shares are down about 16% since the start of thღe year, about double the decline of the S&P 500 over the period.

The drugmaker plans to 🍨report its first-quarter earnings on April 29.꧂

-澳洲幸运5开奖号码历史查询:Andrew Kessel

Gold Levels to Watch After Recent Record Highs

April 14, 2025 09:57 AM EDT

Gold (XAUUSD) is losing ground this morning after hitting record highs last week as investors flocked to the 澳洲幸运5开奖号码历史查询:safe-haven asset ami♈d ongoing uncertainty over tariffs and their impact on the global economy.

The precious metal remains supported as concerns about an 澳洲幸运5开奖号码历史查询:intensifying global trade war continue to place downward pressure on the 澳洲幸运5开奖号码历史查询:dollar and Treasurys amid diminishing faith in t🧔he U.S. as a 𒐪reliable trading partner. 

Gold's price, which soared 6% last week and trades 23% higher since the start of the year, seesawed Sunday evening as investors digested news that recently announced U.S. tariff exemptions on smartphones, computers, and semiconductors 澳洲幸运5开奖号码历史查询:could be temporary, with the president later pledging a national se𝓀curity trade investigation into the chip sector.

Source: TradingView.com.

After a brief retracement to the 澳洲幸运5开奖号码历史查询:50-day moving average and lower trendline of an 澳洲幸运5开奖号码历史查询:ascending channel, gold’s price has continued its strong uptrend, breaking out above the pattern in 🦹Friday’s trading session.

However, despite the commodity’s move into price discovery mode, a bearish 澳洲幸运5开奖号码历史查询:divergence has formed between the 澳洲幸运5开奖号码历史查询:relative strength index (RSI)&🍒nbsp;and price, indicating easing bu꧂ying momentum.

Investors should monitor key support levels on gold's chart around $3,170, $3,048, $2,955, and $2,858.

Read the full 澳洲幸运5开奖号码历史查询:technical analysis piece here.

-澳洲幸运5开奖号码历史查询:Timothy Smith

Major Index Futures Point to Higher Open

April 14, 2025 08:58 AM EDT

Futures tied to the Dow Jones Industrial Aver𒁃age🌠 were up 1.1%.

DJIA futures - April 14, 2025

TradingView

S&P 500 futures rose 1.7%.

S&P 500 - April 14, 2025

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Nasdaq 100 futures added 2%.

Nasdaq 100 futures - April 14, 2025

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