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Tech, Mega-Cap Stocks Rally in Tandem as Tariffs De-escalate

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Tech, Mega-Cap Stocks Rally in Tandem as Tariffs De-escalate

Published: by Omor IE

Key Points

  • President Donald Trump has paused the 50% tariff on E.U. goods this weekend.

  • Macroeconomic data coming in today has also been good.

  • As such, the stock market is rallying on the optimism.

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President Donald Trump recommended placing 50% tariffs on the European Union last week, but this was suspended temporarily this weekend after the E.U. agreed to increase the pace of negotiations. Now that the tariff risk has been pushed back, markets are rallying.

Macro figures today also came in quite bullish. Consumer confidence seems to be returning, and most companies have beaten estimates this earnings season. Only a few more are left, which include Nvidia (NASDAQ:NVDA). Investors are waiting for Nvidia to drop earnings results tomorrow. If it beats expectations by record numbers once more, consider that the AI rally is back on in earnest.

Here’s a market update as of 11:00 AM (ET) today.

  • The S&P 500 is up 88.49 points, or 1.52%.
  • The Nasdaq Composite is up 356.12 points, or 1.9%.
  • The Dow Jones Industrial Average is up 506.84 points, or 1.22%.

Tech Stocks Rally

Mega-cap stocks and tech stocks are going higher today.

  • Tesla (NASDAQ: TSLA) is leading the way among the big-cap stocks. It is up 4.55% despite monthly sales in Europe plummeting. Elon Musk said he will be “super focused” on his companies.
  • Nvidia is up 2.9% ahead of earnings.
  • Alphabet (NASDAQ: GOOG, NASDAQ: GOOGL) is up 2%. The momentum from an earlier flurry of AI product releases seems to be continuing on.
  • Amazon (NASDAQ: AMZN) is up 1.9%.
  • Apple (NASDAQ: AAPL) is up 1.6%.

Other tech stocks like PLTR, ORCL, AMD, KLAC, TXN, CRWD, and AVGO are up in the low single digits.

Notable Gainers Today

  • Navitas Semiconductor (NASDAQ: NVTS) is up 47.4% due to the company partnering up with Nvidia for data center innovation.
  • E2open Parent Holdings (NYSE: ETWO) is up 24.9% as the company will be acquired by WiseTech Global for $3.3 per share in cash. It currently trades at $3.22 per share.
  • BigBear.ai Holdings (NYSE: BBAI) is up 24.2% due to a resurgence in AI hype.
  • ATS Corp (NYSE: ATS) is up 21.9%  after it settles with an EV customer and reports Q4 2025 preliminary results.
  • MAC Copper (NYSE: MTAL) is up 20.6%.

AMC, RDW, GYRE, CRWV, PONY, WRD, ARQQ, DGNX, SOUN, NWTN, RKLB, LEU, VFC, LUNR, AEHR, SMR, and FUBO are all up by double digits.

Notable Losers Today

  • Rocket Pharmaceuticals (NASDAQ: RCKT) is down 60% after the FDA halted a key gene therapy trial.
  • Neuropace (NASDAQ: NPCE) is down 32% after its trial for the RNS System failed to show promise. PRTA and SVRA are also down for trial-related issues.
  • PDD Holdings (NASDAQ: PDD) is down 15.2% after Q1 results disappointed analysts.
  • Champion Homes (NYSE: SKY) is down 14.6% after it missed Q4 EPS estimates.
  • Trump Media & Technology Group (NASDAQ: DJT) is down 11.2% as it is raising $2.5 billion to buy Bitcoin.

The image featured at the top of this post is ©Koto Amatsukami / Shutterstock.com.

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