Inflation Soothes Markets: S&P 500 Gains on Tech Surge

The S&P 500 saw gains led by tech giants Nvidia, Apple, and Tesla amid optimism over subdued inflation following recent U.S. producer prices data. This economic update influenced market trends, with key commodity prices showing stability, resulting in a dip in Treasury yields and a cautious prediction for interest rate adjustments.

On Thursday, the S&P 500 experienced an uptick, powered by significant increases in tech stocks such as Nvidia, Apple, and Tesla. This rise comes in the wake of new data on producer prices that suggest inflation may remain subdued, easing investors' concerns.

Additionally, U.S. Treasury yields dropped significantly, a sign of growing investor confidence in inflation control. Interest rate futures align with this sentiment, predicting a potential 25-basis-point rate cut. The labor market also displayed strength as unemployment claims fell.

On another note, President Trump's announcement of prospective reciprocal tariffs aimed at all countries imposing tariffs on the U.S. could impact future economic and national security dynamics further. Meanwhile, corporate performances varied, with gains observed in sectors like materials and information technology.

(With inputs from agencies.)