Tags: stocks | nvidia | tariffs | treasuries

Wall Street Ends Mixed; Nvidia Lifts Nasdaq

Wall Street Ends Mixed; Nvidia Lifts Nasdaq
A trader on the floor of the New York Stock Exchange (AP)

Friday, 14 February 2025 04:12 PM EST

Wall Street stocks ended mixed Friday, with Nvidia climbing and Tesla dipping, while Treasury yields declined a day after U.S. President Donald Trump unveiled reciprocal tariff plans but stopped short of imposing new ones.

Yields across government bonds slipped for a second straight day after data showed U.S. retail sales fell more than expected in January, dropping 0.9% last month after an upwardly revised 0.7% increase in December.

The yield on the 10-year note fell about 7 basis points, last at 4.44%.

Nvidia and Apple gained, while Microsoft and Tesla lost ground.

Trump tasked his economics team on Thursday to devise plans for reciprocal tariffs on every country taxing U.S. imports, although the directive stopped short of imposing fresh tariffs.

Howard Lutnick, Trump's pick for commerce secretary, said the administration would address affected countries individually and said studies of the issue would be completed by April 1.

The imposition of tariffs on steel and aluminum imports, a bigger-than-expected rise in January's consumer prices and hawkish comments from Federal Reserve Chair Jerome Powell added to market volatility this week.

"It's all about Trump right now. All the other stuff is just noise," said Dennis Dick, a trader at Triple D Trading in Ontario, Canada. "What everyone is focused on is, 'What is Trump going to do next, and where are his tariff wars going?'"

Stocks received a boost earlier this week after data showed U.S. producer prices increased in January, while key elements in the core Personal Consumption Expenditures index, a measure closely tracked by the Fed, were benign or lower.

Traders are pricing in at least one 25 basis-point interest rate cut by the end of the year, with a roughly 50% chance of an additional cut, according to LSEG data.

According to preliminary data, the S&P 500 lost 1.33 points, or 0.02%, to end at 6,113.74 points, while the Nasdaq Composite gained 78.81 points, or 0.40%, to 20,024.45. The Dow Jones Industrial Average fell 173.04 points, or 0.39%, to 44,538.39.

Airbnb jumped after the vacation home rentals company posted higher quarterly revenue.

DaVita dropped after the dialysis firm projected annual profit below estimates. Warren Buffett's Berkshire Hathaway also sold some of its shares in the company.

Applied Materials fell after the chipmaking equipment maker forecast second-quarter revenue below estimates.

U.S. markets will be closed on Monday for the Presidents Day holiday.

© 2025 Thomson/Reuters. All rights reserved.


StreetTalk
Wall Street stocks ended mixed Friday, with Nvidia climbing and Tesla dipping, while Treasury yields declined a day after U.S. President Donald Trump unveiled reciprocal tariff plans but stopped short of imposing new ones.
stocks, nvidia, tariffs, treasuries
392
2025-12-14
Friday, 14 February 2025 04:12 PM
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