The S&P 500 closed 0.7% higher on Monday, powered by a tech rally led by Nvidia (NVDA), despite new trade tariffs announced by President Donald Trump. Investors are now focused on key economic data releases and Fed Chair Jerome Powell’s testimony later this week.
\ud83d\udcc8 S&P 500: +0.7%
\ud83d\udcc8 NASDAQ Composite: +1%
\ud83d\udcc8 Dow Jones Industrial Average: +166 points (+0.4%)
\u2705 Nvidia (NVDA) jumped 3% after Evercore ISI called the stock a buying opportunity following a recent dip.
\u2705 Concerns over competition from AI startup DeepSeek had pressured Nvidia, but analysts believe its tech doesn’t pose a major threat.
\u2705 Nvidia’s quarterly earnings report is set for Feb. 26, adding anticipation to its stock performance.
\ud83d\udccc Fed Chair Jerome Powell will deliver his semiannual monetary policy testimony to Congress on Tuesday and Wednesday.
\ud83d\udccc Investors are closely watching his remarks on inflation, interest rates, and trade tariffs.
\ud83d\udccc Deutsche Bank expects Wednesday’s testimony to be even more significant due to the release of the January CPI report that morning.
\ud83d\udccc New 25% tariffs on steel and aluminum imports were announced, just days after the 10% tariffs on China took effect.
\ud83d\udccc Markets remain cautious about the impact of trade restrictions on inflation and corporate earnings.
\ud83d\udd39 Nvidia’s earnings (Feb. 26) could drive further momentum in tech stocks.
\ud83d\udd39 Powell’s testimony (Feb. 6-7) will shape Fed rate expectations for 2024.
\ud83d\udd39 CPI report (Feb. 7) will be critical for inflation trends—a higher-than-expected reading could delay rate cuts.
\ud83d\udccc Market Most Active API – Get real-time trending stocks, biggest gainers & losers.
\ud83d\udccc Economics Calendar API – Stay updated on Fed speeches, inflation data, and macroeconomic events.
Despite trade tensions, strong tech earnings and AI optimism continue to push the market higher. But with tariff concerns and inflation risks, Powell’s testimony and CPI data will be key in shaping market direction this week. Will stocks keep rallying or face a pullback? Investors are bracing for big moves ahead!
