Tech Stocks Soar as US Exempts Key Products from New Tariffs

On April 14, 2025, the US stock market is experiencing a significant upward trend, driven largely by the temporary exemption of key tech products from new tariffs announced by President Donald Trump.The Dow Jones Industrial Average futures are up by 388 points, or about 1 percent, while the S&P 500 futures have increased by 1.5 percent, and the Nasdaq-100 futures are up by 1.7 percent. This surge is a welcome relief after a volatile week that saw major indexes plummet due to trade tensions. The S&P 500, Dow Jones, and Nasdaq Composite had all suffered significant losses in the previous week, with the S&P 500 dropping 5.4 percent, the Nasdaq Composite falling 5 percent, and the Dow Jones Industrial Average down 4.8 percent since the announcement of reciprocal tariffs.The key factor driving today's market direction is the temporary exemption of smartphones, computers, semiconductors, and other tech devices from the new tariffs. This move has particularly boosted tech stocks, with Apple leading the gains, up more than 6 percent in premarket trading. Other notable gainers include Nvidia, which rose 3 percent, and Broadcom, which increased by 2 percent. Additionally, Microsoft, Alphabet, Amazon, Meta Platforms, and Tesla also saw significant gains.In other sectors, Goldman Sachs shares are up nearly 3 percent after the company reported strong first-quarter earnings that exceeded analysts' expectations. However, Pfizer's shares were down slightly following the announcement that it would halt development of its weight loss pill due to safety concerns.The most actively traded stocks today include tech giants and companies directly affected by the tariff exemptions. Best Buy, an electronics retailer, saw its shares jump by 12 percent due to the positive impact of the tariff exemptions on its product lineup.Significant market-moving news includes the temporary tariff exemptions and the strong earnings report from Goldman Sachs. The yield on the ten-year Treasury note is at 4.43 percent, down from 4.49 percent at Friday's close, reflecting some stability in borrowing costs.Looking forward, pre-market futures indicate a strong start to the trading day. Key events to watch for tomorrow include further reactions to the tariff exemptions and any additional economic data releases. Important upcoming earnings releases will also be closely monitored for their impact on market sentiment. Potential market catalysts include any further developments on the tariff front and global economic indicators that could influence investor confidence.This content was created in partnership and with the help of Artificial Intelligence AI