Market Wrap | S&P 500 and Dow Jones surge as Deutsche Bank predicts December rate cut, Palantir and Alibaba shares soar, Argentina's stock index jumps 8.5% on trade agreement hopes, Goldman Sachs Q3 revenue beats expectations

On April 14, 2025, the S&P 500, Dow Jones, and Nasdaq indices rose by 0.79%, 0.78%, and 0.64% respectively. Deutsche Bank now expects the Federal Reserve to deliver a 25 basis points interest rate cut in December, revising its previous forecast of no cuts in 2025. Meanwhile, the US Department of Commerce has initiated a Section 232 national security investigation into semiconductor and semiconductor manufacturing equipment imports, highlighting concerns over national security.

Today, the market saw a strong performance across several sectors, with the utilities, technology, healthcare, consumer staples, materials, industrials, real estate, and financial sectors outperforming the S&P 500. Notably, the utilities, consumer staples, and real estate sectors demonstrated exceptional performance.

Palantir Technologies Inc. shares rose 4.60% today, driven by the news that NATO has acquired the company's AI-powered system. This strategic move has significantly boosted investor confidence in Palantir's capabilities and future prospects. Alibaba Group Holding Ltd. saw its shares rise 5.79% as the company's aggressive pivot toward artificial intelligence begins to yield results. The Quark app, in particular, has emerged as a leader in this new direction, contributing to the positive market sentiment surrounding Alibaba.

Webull's stock surged over 370%, driven by its expansion into international markets, attracting new investors. STAK Inc. saw a significant rise of nearly 95%, following the completion of its IPO, which is expected to enhance its strategic initiatives and potentially increase shareholder value. Ironwood Pharmaceuticals experienced a drop of over 31%, as the FDA required a confirmatory Phase 3 trial for its apraglutide. Mixed Martial Arts stock price fell by over 24%, due to high market volatility after a significant previous gain.

Argentina's main stock index experienced an 8.5% surge, reflecting positive investor sentiment following President Milei's announcement of readiness to sign a trade agreement with the U.S. Meanwhile, U.S. Treasury Secretary Bessent indicated that the VIX had spiked but likely peaked, and there was no evidence of sovereign investors dumping U.S. assets, suggesting a stable outlook for U.S. markets. Additionally, the U.S. Secretary of Commerce initiated a Section 232 national security investigation into semiconductor and pharmaceutical imports, which could impact related industries. Goldman Sachs saw a 4.2% rise in shares after its Q3 equities trading revenue exceeded expectations, although CEO Solomon warned of continued market volatility until more clarity is achieved.