The Stock Market Should Close High Overall for This Week
Stock markets are back up ahead of the Friday trading session, with Tesla (TSLA) and Nvidia (NVDA) making spectacular gains, but they may slip later in the day as new US trade policies are digested.
U.S stocks closed high on Thursday but are showing a slight dip as the trading begins for Friday. The Dow Jones closed up by 0.77% on Thursday, with the Nasdaq Composite climbing 1.50% and the S&P 500 gaining 1.04%. These numbers are expected to decrease as trading begins today, but they should be buoyed by excellent gains from several major stocks.
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Tesla is gaining back lost ground with an increase of 5.77%, elevated by both the close association with US President Donald Trump and the positive forecast for 2025.
Nvidia is climbing as well, adding 3.16% before trading closed off on Thursday. The company is over the hump created by Chinese company DeepSeek and their AI development models. It appears that Nvidia is poised to have a very profitable year again as long as no major crises occur. The last two years have been very good to this AI tech company, and 2025 could see them repeat that success.
Tech Stocks on the Rise, New Tariffs Appear
A number of notable stocks are climbing today, with Meta (META), Google (GOOG), and Microsoft (MSFT) all making gains. The technology stocks have carried the market in a week that was overshadowed by a less than promising Consumer Price Index report. That report showed that inflation is very stubborn right now and is not likely to diminish in the near future.
New tariffs from Trump are being imposed on any countries that charge the United States a tax or tariff. These reciprocal tariffs could bring in plenty of revenue for the US government but could cause foreign buyers to spend less on US goods. This new rule is still in its early stages, but it has the market spooked and could lead to lower stock number next week as the news is processed.
![Timothy St. John](https://fxlmwpmedia.s3.amazonaws.com/wp-content/uploads/2024/02/05075245/image-20240202-105629-150x150.png)
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