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Tech Stocks Rally as Inflation Cools, S&P 500 Gains 0.5%

5 articles I'm watching carefully

Tyler Dupont
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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.

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