Tech stocks are once again leading gains at the opening of the cash session on Wall Street in the new week. This time, the bulls are not deterred by a strengthening dollar or the risk of additional tariffs announced by Trump.
The reason for this reaction is that tech companies will not be affected by the sanctions this time. Trump’s latest trade actions include plans to introduce reciprocal tariffs that match the rates imposed by individual countries. The announcement is expected on Tuesday or Wednesday. The EU has warned that it is ready to respond "within an hour," while Canada, the largest aluminum supplier to the US, has expressed concerns about the impact on integrated supply chains. Trump is also set to sign additional executive orders today.
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Despite ongoing geopolitical tensions, we are seeing continued stock market gains today. However, the participation of individual sectors in the gains is quite limited. Currently, the main beneficiaries are semiconductor and internet technology companies. Source: xStation 5
US100
The tech stock index is the strongest among the major US indices today. At the time of publication, US100 is up 1.15% to 21,820 points and remains in a broad consolidation since early November 2024.
Source: xStation 5
Company News
U.S. Steel (X.US) surged 7% after Japan’s Cabinet Secretary Yoshimasa Hayashi stated that Nippon Steel is reconsidering its bid for the company. Former President Donald Trump emphasized that no entity would be allowed a majority stake in U.S. Steel and announced a 25% tariff on all steel and aluminum imports, with further details expected today.
McDonald's (MCD.US) reported weaker-than-expected Q4 results, with revenue at $6.39 billion (down 0.3% YoY) and missing estimates by $50 million. Despite a 1.4% decline in U.S. comparable sales, international franchises saw 4.1% YoY growth, leading to an overall 0.4% sales increase. The company’s aggressive promotions boosted customer traffic, and despite revenue struggles, stock gains 4.45% which suggest investor optimism about long-term growth potential.
Nvidia (NVDA.US) is up 3.00% today to $133, erasing almost all of its losses from the panic surrounding its Chinese DeepSeek stock.
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