S&P 500 surges 2.13% as tech and energy sectors lead market rally amid geopolitical tensions and ECB uncertainty
1min read On March 14, 2025, the S&P 500 Index rose by 2.13%, the Dow Jones Industrial Average increased by 1.65%, and the Nasdaq Composite Index surged by 2.61%. Gold prices exceeded $3,000 per ounce due to escalating geopolitical tensions and trade uncertainties, underscoring heightened market risk and potential impacts on investor sentiment. Meanwhile, the European Central Bank's indecision on April interest rates indicates ongoing uncertainty in European monetary policy, which could influence global markets.
The technology and energy sectors outperformed the broader market, as indicated by the S&P 500 index. Both sectors demonstrated strong performance, with the technology sector leading the way. The financial sector also managed to outperform the index, although not as significantly as the technology and energy sectors.
Nvidia's stock rose 5.27% as demand for its AI server business is expected to more than double in early 2024. Palantir's shares surged 8.31% after the company achieved a GAAP net income for the first time in Q4. Netflix's stock climbed 3.13% as revenue growth outpaced content spending due to subscriber additions, expanding margins. Wells Fargo's stock rose 3.49% following an upgrade to outperform by rbc Capital, indicating a more positive outlook. JPMorgan Chase's shares increased 3.22% as the company demonstrated strong performance across multiple business segments, boosting investor confidence. Tesla's stock gained 3.86% driven by lower-than-expected U.S. inflation, reducing interest rate hike fears and supporting tech sector growth. SAP's stock rose 3.41% as Connor Clark & Lunn Investment Management Ltd. increased its position in the company. Bank of America's shares rose 3.08% as the bank sees rising cash levels as a buying opportunity, suggesting potential stock growth.
Radius Recycling shares surged over 103.59% following Toyota Tsusho's acquisition at a significant premium, boosting shareholder value. Bon Natural Life experienced a near 95.73% increase in share price, reflecting strong investor interest. Splash Beverage shares dropped 42.67% after H.C. Wainwright lowered its price target to 50c from $1. CURRENC Group's stock fell 41.33% after their participation in the AI Panel at the 37th Annual ROTH Conference failed to impress investors.
U.S. and Vietnamese firms have signed energy deals valued at $4.15 billion, with Vietnam's state-owned enterprises in talks to purchase American crude oil and LNG. This development aligns with a U.S. business mission to Vietnam next week that includes top tech, defense, and energy companies. In the U.S. financial markets, investors pulled $2.8 billion from stock funds in the largest outflow year-to-date, while the biggest weekly inflow into U.S. government bonds since August was recorded at $6.4 billion. Tesla plans to produce a lower-cost Model Y in Shanghai from 2026, aiming to reduce production costs by at least 20% compared to the refreshed version.
