Shares of Dell Technologies, Hewlett Packard Enterprise and NetApp Inc. are trading lower Thursday, following Wednesday's sharp rally, which was driven by President Donald Trump's surprise decision to pause tariffs on non-retaliating countries.
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the hardware & infrastructure stocks, including Hewlett Packard Enterprise (NYSE:HPE) and its peers.
A number of stocks jumped in the afternoon session after markets rallied sharply on news that President Trump announced a 90-day tariff pause. Reciprocal tariffs were also dropped to 10% for most countries, sparking renewed optimism amid ongoing trade talks. The major stock indices rose as investors, growing impatient of seemingly irrational tariff actions, welcomed the pause as a sign of a more measured path forward.
A number of stocks fell in the afternoon session after markets gave up early gains with optimism over progress in US-China trade talks quickly fading as the Trump administration announced plans to raise tariffs on all Chinese imports to well above 100%.
Let's delve into the developments on the US markets in the middle of the day on Monday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
Shares of enterprise technology company Hewlett Packard Enterprise (NYSE:HPE) fell 14.2% in the afternoon session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%. Markets reacted negatively to the announcement, reflecting deep concerns among investors about the broader economic implications. The tariffs were likely seen as a significant threat to global trade flows, with the potential to slow economic growth, drive up consumer prices, and spark retaliatory measures.
Let’s dig into the relative performance of Cisco (NASDAQ:CSCO) and its peers as we unravel the now-completed Q4 it services & other tech earnings season.
HPE investors face technical red flag as Death Cross indicates more downside ahead. Despite AI buzz, stock's downward momentum and bearish indicators suggest caution.
Stocks gained after the Fed meeting but drifted lower after disappointing guidance from FedEx; next week's inflation data is unlikely to provide needed clarity
The outlook for Arista stock depends on the company's battle versus Nvidia as cloud computing giants build new artificial intelligence data center networks.
Advanced Micro Devices stands to regain GPU market share and bolster its growth outlook; it is already taking share in the CPU, PC, and mobile markets.
Daiwa analysts cited President Donald Trump’s tariffs as the biggest concern, believing they can push the economy into a recession and fan inflationary pressure.
