TheDrop Market Analysis, 02/19/25
- Alexangel Ventura
- Feb 19
- 1 min read
Markets rose once again as investors carry on optimism from yesterday.
The S&P 500 capped yet another record, this time rising by 0.2%; meanwhile, both the Nasdaq and the Dow likewise rose by 0.1%, reflecting strong investor turnout to buy shares.
As Trump announced yet another tariff, this time a 25% reciprocal tariff on many foreign goods, investors thought that it would be beneficial. Also, the release of the Fed's minutes from January revealed that they are interested in keeping rates high to combat inflation. Overall, investors saw these two things as pluses.
The announcements of both Apple's iPhone 16e and Microsoft's AI chip set tech stocks going different directions, with them rising 0.2% and 1.3%, respectively.
Palantir's winning streak finally came to a close as the Trump administration announces spending cuts in the defense budget; Palantir, a big contractor with the U.S. military, now seems to have its business in that industry crippled, along with other military industrial organizations which also fell today.
