Midday Market Movers: Tech’s Triumph

Fresh news and strategies for traders. SPY Trader episode #1164. Hey everyone, it's your pal, Penny Pincher, here with your midday Spy Trader update! It's 12 pm on Wednesday, May 14th, 2025, Pacific time, and let's dive into what's shaking the market today. Buckle up, buttercups! The market's painting a mixed picture today. The Dow's feeling a little blue, down about 0.2%, but the S&P 500 is fighting back, creeping up about 0.1% and actually back in the green for the year, can you believe it? Tech is really shining as the Nasdaq's up about 0.6%. Looks like those tech wizards are at it again! Seems like US equities had a tough time finding their groove this afternoon, as investors were keeping a close eye on trade policy changes and the tech sector's strength. So, tech's where the party's at, especially for AI chipmakers! Nvidia and AMD are looking strong. AMD's up 4% after announcing a sweet $6 billion stock buyback. Plus, Super Micro Computer is just soaring! On the flip side, health care and communications stocks are dragging a bit. We've also got some major news: The US and China have agreed to cut tariffs for now, which is giving everyone a little boost. Plus, Trump's Middle East tour is bringing in new business, especially with Boeing and AI partnerships. Remember the Fed? They're holding steady on interest rates, staying put at 4.25%4.5%. They're keeping a close eye on unemployment and inflation, playing the waiting game. The labor market is still healthy, with unemployment at 4.2% in April. But, consumer sentiment took a dip in May because folks are worried about trade and inflation. Now, for my two cents: Edward Jones is betting on U.S. large and midcap stocks, expecting them to benefit from a healthy job market and those trade deals. They think the financial sector could get a boost from fewer tariffs, too. I'm keeping my eye on tech, especially those AI companies. Nvidia's up on news of AI chip shipments to Saudi Arabia. Don't forget, this isn't financial advice. I'm just a humble podcast host. But, consider diversifying your portfolio to spread the love. Trade policies can be real gamechangers, so stay informed. And keep an eye on those economic numbers like GDP and inflation. That's all for now! Stay tuned for more updates, and remember, invest wisely, friends!