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Live Updates Live Coverage Has Ended Wall Street's Tariff Warning 2:29 pm by Gerelyn Terzo Goldman Sachs has published a note, warning that there is still another shoe yet to drop in the trade wars. The Wall Street firm still predicts the fallout from the tariff wars to be significant despite the progress made between the U.S. and Beijing. The firm wrote: “The large reduction in the U.S. tariff rate on China should only have a limited impact on the overall U.S. effective tariff rate. After accounting for a reduction of that magnitude, the full set of U.S. tariffs would still be considerably higher and broader than expected by markets at the start of the year.” Economic Data 11:29 am by Gerelyn Terzo A bevy of economic data is also due out this week, which could influence the direction of stocks, especially after the Q1 GDP slowdown. On Tuesday, the latest CPI data will be released, a key inflation gauge for the economy. In March, the CPI index fell by a surprising 0.1%. Additionally, retail sales are due out on Thursday. Winners & Losers 10:03 am by Gerelyn Terzo NRG Energy (NYSE: NRG) is gaining 14% today after surpassing Q1 earnings estimates. In a bullish sign for natural gas, NRG also announced it would acquire the LS Power Portfolio in a whopping $12 billion transaction. Newmont Mining (NYSE: NEM) is losing 5% on a falling gold price as investors flee the precious metal for equities in response to the U.S. and China trade talk success. J.B. Hunt Transport (Nasdaq: JBHT) is rising 10.2% today. Transportation stocks are often viewed as a barometer for economic activity. Dividend stock Altria Group (NYSE: MO) is off 3.2% on the day. This article will be updated throughout the day, so check back often for more daily updates. A China-U.S. trade agreement has unleashed the stock market bulls, leading to a 1,000-point advance in the Dow Jones Industrial Average. Technology stocks are among the top performers, sending the Nasdaq Composite soaring by 3.8% and the S&P 500 higher by 2.7%. Magnificent Seven stocks are joining in on today’s rally, while nearly all sectors of the economy are flashing green. The SPY ETF is adding 2.5% today as the broader market narrows its year-to-date decline to 1.3%. After concluding delicate negotiations over the weekend, the White House and Beijing officials have reached a temporary deal to lower the lofty tariffs, giving the markets enough details for a risk-on rally. Treasury Secretary Scott Bessent described a strategic decoupling from basic items made by China, agreeing to suspend tariffs for 90 days with the nation except for a wider-based 10% levy threshold. KindlyMD (Nasdaq: KDLY) is up a staggering 573% on this Merger Monday. The company announced a business combination with bitcoin investment firm Nakamoto, a company founded by President Trump’s crypto advisor David Bailey. Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: Up 984.04 (+2.4%) Nasdaq Composite: Up 589.93 (+3.2%) S&P 500: Up 140.86 (+2.5%) Wall Street Analyst Moves UBS has reiterated its “buy” rating on Nvidia (Nasdaq: NVDA) shares head of the AI leader’s quarterly earnings report later this month but lowered the price target to $175 from $180 per share. Jefferies has upgraded shares of hotel stock Marriott (Nasdaq: MAR) to “buy” from “hold” amid strength in its business model that could lead to further gains in the share price. BofA has reiterated Amazon (Nasdaq: AMZN) as a “buy” rating, suggesting that its robotics business is likely to be a growth driver at the company. The post S&P 500 (NYSEARCA: SPY) Live: China Trade Deal Breakthrough Sends Broader Market Soaring appeared first on 24/7 Wall St..» Mehr auf 247wallst.com

Live Updates Live Coverage Has Ended Goldman's Warning 2:30 pm by Gerelyn Terzo Wall Street firm Goldman Sachs believes there’s still another shoe yet to drop in the trade wars despite progress made between the White House and Beijing. The analyst firm wrote: “The large reduction in the U.S. tariff rate on China should only have a limited impact on the overall U.S. effective tariff rate. After accounting for a reduction of that magnitude, the full set of U.S. tariffs would still be considerably higher and broader than expected by markets at the start of the year.” Winners & Losers 12:12 pm by Gerelyn Terzo With today’s market rally, the S&P 500 has narrowed its year-to-date declines to 1.3%. Within the S&P 500, today’s biggest gainers include NRG Energy (NYSE: NRG), up 23%, Stanley Black & Decker (NYSE: SWK), up 14.4%, and Microchip Tech (Nasdaq: MCHP), up 11.2%. Among the biggest losers of today’s session include Cigna Group (NYSE: CI), down 6.7%, Newmont Mining (NYSE: NEM), down 6.2%), and CVS Health (NYSE: CVS), down 4.6%. Stock Market Movers 10:30 am by Gerelyn Terzo NRG Energy (NYSE: NRG) is climbing higher by 14% today after reporting better-than-anticipated Q1 earnings results. In a bullish sign for natural gas, NRG also revealed it would buy the LS Power Portfolio in a whopping $12 billion deal. Newmont Mining (NYSE: NEM) is shaving 5% off its value on a declining gold price as investors exit the precious metal for equities in response to the U.S. and China trade talk success. J.B. Hunt Transport (Nasdaq: JBHT) is up by a strong 10.2% today. Transportation stocks are often viewed as a gauge of economic activity. Dividend stock Altria Group (NYSE: MO) is down 3.2% on the day. Dollar General (NYSE: DG) is losing 5%. This article will be updated throughout the day, so check back often for more daily updates. Risk is back on in the stock market after U.S. and China officials were able to clinch a trade deal over the weekend, agreeing to lower tariffs from staggeringly high levels. President Trump has been dropping further details, calling the discussions a “total reset” with China, pointing to further business with the nation and the removal of trade barriers as a result. Tariff relief has ignited a 1,000-point rally in the Dow Jones Industrial Average. Technology stocks are among the top performers, sending the Nasdaq Composite soaring by 3.8% and the S&P 500 higher by 2.7%. The SPX index is tacking on 2.5% in today’s buying action. The S&P 500 index is now hovering back above the 5,800 level. Magnificent Seven stocks have been at the crosshairs of the China trade tensions and are rallying on the tariff relief. Treasury Secretary Scott Bessent said the U.S. is targeting a strategic decoupling from necessities made by China, agreeing to suspend tariffs for 90 days with the nation except for a wider-based 10% levy threshold. Merger Monday is back. KindlyMD (Nasdaq: KDLY) is up a staggering 573% after announcing a business combination with bitcoin investment firm Nakamoto, a company founded by President Trump’s crypto advisor David Bailey. Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: Up 985.25 (+2.4%) Nasdaq Composite: Up 650.17 (+3.7%) S&P 500: Up 153.00 (+2.7%) Wall Street Analyst Moves UBS has reiterated its “buy” rating on Nvidia (Nasdaq: NVDA) stock ahead of the tech leader’s quarterly earnings report but slashed the price target to $175 from $180 per share. Nvidia stock is currently hovering at $121 per share. Jefferies has turned bullish on hotel stock Marriott (Nasdaq: MAR), upgrading shares to “buy” from “hold” amid strength in its business model that could lead to further gains in the share price. BofA has reiterated Amazon (Nasdaq: AMZN) as a “buy” rating, suggesting its robotics business could be a catalyst for growth. The post S&P 500 INDEX (SPX) Live: Markets Soar Amid ‘Total Reset’ With China appeared first on 24/7 Wall St..» Mehr auf 247wallst.com

LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) Executive Vice President of Sales and Marketing Spencer Frazier and Senior Vice President of Intermodal Pricing Stacey Griffin will address the Bank of America Industrials, Transportation and Airlines Key Leaders Conference in New York City, New York, at 11:05am EDT on Tuesday, May 13, 2025. Executive Vice President and President of Intermodal Darren Field will address the Wolfe 18th Annual Global Transportation an.» Mehr auf businesswire.com