Fri, February 14, 2025
Thu, February 13, 2025

Stock Market Today: Stocks Pop on Time-Delayed Tariffs

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Reddit ( RDDT) stock fell 5.2% after the social media platform topped fourth-quarter revenue and earnings expectations but came up short on user numbers.
The article from Kiplinger discusses the stock market's reaction to the U.S. government's decision to delay tariffs on some Chinese imports, which was set to take effect on October 1, 2023. This delay, announced by the U.S. Trade Representative, excluded certain consumer goods like cellphones, laptops, and toys from the new tariffs, leading to a positive market response. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all saw gains, with the Dow jumping nearly 400 points. This news alleviated some concerns about inflation and consumer spending, particularly during the holiday season. Additionally, the article touches on other market influences like a drop in Treasury yields, a slight increase in oil prices, and comments from Federal Reserve officials suggesting a potential pause in rate hikes, all contributing to the day's market optimism.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/stock-market-today-stocks-pop-on-time-delayed-tariffs ]