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- Tech Stocks Rally as Inflation Cools, S&P 500 Gains 0.5%
Tech Stocks Rally as Inflation Cools, S&P 500 Gains 0.5%
5 articles I'm watching carefully
Tyler Dupont
March 13, 2025
Tyler Dupont  Good morning 👋 Here's the latest news I'm tracking today. |
📈 Stocks / Finance
Tech Stocks Rally as Inflation Cools, S&P 500 Gains 0.5%
The S&P 500 rose 0.5% as lower-than-expected inflation boosted tech stocks, with Tesla up 7.6% and Nvidia gaining 6.4%. A proposed TSMC-Intel joint venture lifted semiconductor shares. Meanwhile, discount retailers and Brown-Forman struggled, with the latter hit by EU whiskey tariffs.
Shkreli Questions Palantir’s ARPC Estimate but Remains Bullish
Martin Shkreli criticized Palantir’s $4M ARPC projection as flawed but defended the company's growth potential, citing its ROI-driven pricing model and market expansion. Despite competition from Snowflake and AI startups, Palantir’s AI capabilities have fueled a 50% surge since Trump's election, with analysts projecting further upside.
Intel Names Lip-Bu Tan as CEO, Stock Soars 11%
Intel appointed tech veteran Lip-Bu Tan as CEO, replacing interim co-CEOs David Zinsner and Michelle Johnston Holthaus. The stock surged 11% in after-hours trading. Tan, who previously led Cadence Design, inherits a struggling Intel facing fierce competition from TSMC, Nvidia, and AMD amid CHIPS Act-backed manufacturing delays.
🪙 Crypto
Ethereum Faces ‘Falling Knife’ Risk Against Bitcoin
Ethereum’s ETH/BTC pair hit its lowest level since May 2020, with RSI indicators signaling continued downside. Analysts warn of a potential 30% drop as ETH struggles against Bitcoin dominance, increased Solana competition, and ETF-driven capital flows favoring BTC. Historical support at 0.020-0.016 BTC remains key.
🌎 Global Economy
Trump’s Tariffs Spark Global Trade Tensions
Trump’s new 25% tariffs on steel and aluminum have rattled markets and frustrated allies, with Australia calling them ‘economic self-harm.’ The S&P 500 is down 5.1% YTD, while Japan and Australia’s markets have also fallen. Economists fear a ‘tariff cascade,’ with Vietnam and India among potential next targets.