{"id":11335,"date":"2025-02-04T18:46:30","date_gmt":"2025-02-04T18:46:30","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=11335"},"modified":"2025-02-04T18:46:30","modified_gmt":"2025-02-04T18:46:30","slug":"us-stocks-rise-despite-chinas-trade-fears-palantir-defies-gravity-gold-rallies-further-whats-driving-markets-tuesday","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=11335","title":{"rendered":"US Stocks Rise Despite China&#8217;s Trade Fears, Palantir Defies Gravity, Gold Rallies Further: What&#8217;s Driving Markets Tuesday?"},"content":{"rendered":"<div>\n<p>U.S. stocks advanced midday Tuesday, demonstrating resilience despite escalating geopolitical tensions and trade uncertainties between the <a href=\"https:\/\/www.benzinga.com\/news\/econ-s\">world\u2019s two largest economies.<\/a><\/p>\n<p>China responded to President <strong>Donald Trump<\/strong>\u2018s 10% import tariff with targeted countermeasures, including restrictions on key mineral exports to the U.S. and tariffs on American energy products.<\/p>\n<p>Beijing is raising tariffs by 10%-15% on select U.S. imports, including coal, liquefied natural gas, crude oil, agricultural machinery and vehicles. Additionally, China added <strong>PVH Corp. <\/strong>(NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/PVH#NYSE\">PVH<\/a>) and<strong> Illumina Inc.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/ILMN#NASDAQ\">ILMN<\/a>) to its \u201cUnreliable Entity List,\u201d citing the need to \u201csafeguard national sovereignty, security, and development interests,\u201d and opened an antitrust investigation on <strong>Alphabet Inc.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/GOOGL#NASDAQ\">GOOGL<\/a>)(NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/GOOG#NASDAQ\">GOOG<\/a>).<\/p>\n<p>Market participants had anticipated a call between Trump and Chinese President <strong>Xi Jinping<\/strong> on Tuesday, but media reports indicated the conversation would not happen today.<\/p>\n<p>The trade developments had an immediate impact on oil markets, with West Texas Intermediate crude futures plunging 3% overnight to as low as $70 per barrel. <\/p>\n<p>Yet, prices rebounded sharply Tuesday morning following reports that Trump is considering issuing a memorandum aimed at inflicting <a href=\"https:\/\/www.benzinga.com\/economics\/macro-economic-events\/25\/02\/43469234\/trump-prepares-maximum-pressure-on-iran-oil-jumps-above-73-energy-stocks-rally\">maximum economic damage on Iran<\/a>, potentially leading to a sharp decline in Iranian oil production.<\/p>\n<p>Energy stocks outperformed on the day, while utilities lagged. <\/p>\n<p>Among individual stocks, <strong>Palantir Technologies Inc.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/PLTR#NASDAQ\">PLTR<\/a>) rocketed 22% after posting strong earnings and a revenue beat. <\/p>\n<p>In the commodities market, gold added more than 1%, extending its all-time high, and &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/economics\/macro-economic-events\/25\/02\/43473576\/us-stocks-rise-despite-chinas-trade-fears-palantir-defies-gravity-gold-rallies-fu\" alt=\"US\" stocks rise despite china trade fears palantir defies gravity gold rallies further: what driving markets tuesday>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stocks advanced midday Tuesday, demonstrating resilience despite escalating geopolitical tensions and trade uncertainties between the world\u2019s two largest economies. China responded to President Donald Trump\u2018s 10% import tariff with targeted countermeasures, including restrictions on key mineral exports to the U.S. and tariffs on American energy products. Beijing is raising tariffs by 10%-15% on select [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-11335","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11335"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11335\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}