Shares of data-mining and analytics company Palantir (NYSE:PLTR) jumped 8.4% in the morning session after NATO acquired the company's (PLTR's) AI-powered Maven Smart System to improve its military capabilities. The Maven system, used by the U.S. military, applies advanced artificial intelligence to rapidly process and interpret massive volumes of battlefield data, enabling faster and more precise target identification.
The S&P 500 gained 0.8% on Monday, April 14, 2025, after smartphones and other electronics were exempted from President Donald Trump's "reciprocal" tariffs.
(Bloomberg) -- Wall Street on Monday finally caught a respite from the deep selloffs and unusually sharp swings that have raced through markets ever since President Donald Trump unleashed his global trade war. Most Read from BloombergHow Did This Suburb Figure Out Mass Transit?The Secret Formula for Faster TrainsEven Oslo Has an Air Quality ProblemNYC Tourist Helicopter Crashes in Hudson River, Killing SixLisbon Mayor Wants Companies to Help Fix City’s Housing ShortageThat was most evident in th
Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) jumped 2.2% in the morning session after reports indicated that smartphones, computers, and a wide range of tech devices and components would be exempt from the reciprocal tariffs on U.S. imports announced on April 2, 2025. The list of spared goods includes chips, solar panels, flat-screen TVs, flash drives, and memory cards.
Despite the optimism, President Donald Trump warned in a Truth Social post on Sunday that tech-related tariff exemptions will be short-lived.
Apple stock was upgraded by KeyBanc after smartphones, computers, and other electronics were exempted from President Donald Trump's "reciprocal" tariffs.
Digital infrastructure provider Applied Digital (NASDAQ:APLD) fell short of the market’s revenue expectations in Q1 CY2025, but sales rose 22.1% year on year to $52.92 million. Its non-GAAP loss of $0.08 per share was 22% above analysts’ consensus estimates.
The Dow Jones industrial average increased 312 points, or 0.78%, the S&P 500 added 0.79%, and the Nasdaq picked up 0.64%.
The BlackRock Investment Institute said on Monday that it is taking a modestly more bullish stance on U.S. stocks following the announcement of a 90-day pause in implementing most U.S. tariffs. The near-term risk of a "financial accident" has eased following the Trump administration's decision to pause of hefty tariffs on most countries, according to a report from the research arm of asset management giant BlackRock.
Shares of U.S. automakers jumped on Monday amid speculation the companies could receive some relief from President Trump’s 25% auto tariffs.