The US stock market saw a slight uptick as investors awaited key inflation data amid tariff uncertainties, with S&P 500 and Nasdaq futures rising about 0.3%. Gold prices declined after reaching a record high, influenced by a stronger dollar and profit-taking. Bitcoin fell over 5%, dropping below $80,000 for the first time since November, reflecting waning optimism following a lack of supportive news from the administration.
about Market Update Gold Declines Bitcoin Falls as Tariff Risks Loom
HPQ
US Stock Futures Rise Amid Inflation Concerns and Tariff Threats
US stock futures rose ahead of key inflation data, with the S&P 500 and Nasdaq 100 both up 0.3%. Concerns over President Trump’s tariff policies have added uncertainty, particularly affecting tech stocks and the cryptocurrency market, where Bitcoin fell below $80,000 for the first time since November. Gold prices also declined, marking a potential weekly loss as the dollar strengthened amid tariff threats.
about US Stock Futures Rise Amid Inflation Concerns and Tariff ThreatsStocks Decline as Nvidia Earnings and Economic Data Raise Concerns
Stocks fell sharply on Thursday, with the S&P 500 down over 1.6% and the Nasdaq Composite dropping 2.8%, following Nvidia’s disappointing earnings and signs of a slowing US economy. President Trump’s tariff threats against Mexico, Canada, and China added to market uncertainty, while initial jobless claims rose unexpectedly.In the housing market, mortgage rates decreased, providing some relief amid declining consumer confidence. Meanwhile, HP Inc. adjusted its profit outlook to account for tariff impacts but found cost savings to mitigate the effects.
about Stocks Decline as Nvidia Earnings and Economic Data Raise ConcernsEconomic Uncertainty Drives Mortgage Rate Drop and Market Reactions
Stocks fell sharply on Thursday, with the S&P 500 down over 1.6% and the Nasdaq Composite dropping 2.8%, following Nvidia’s disappointing earnings and signs of a slowing US economy. President Trump’s renewed tariff threats against Mexico, Canada, and China added to market uncertainty, while mortgage rates declined amid negative consumer confidence. Investors are now awaiting the Federal Reserve’s inflation gauge for further economic insights.
about Economic Uncertainty Drives Mortgage Rate Drop and Market ReactionsHP Stock Performance and Upcoming Financial Results Analysis
HP (HPQ) closed at $32.95, up 1.35%, outperforming the S&P 500’s 0.88% gain. Despite a 2.17% decline over the past month, the company anticipates reporting an EPS of $0.74, an 8.64% drop year-over-year, with projected quarterly revenue of $13.48 billion, up 2.25%. Currently holding a Zacks Rank of #3 (Hold), HP’s Forward P/E ratio stands at 9.14, below the industry average of 12.84.
about HP Stock Performance and Upcoming Financial Results Analysis