SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Wall Street bounced back

After a few gloomy days, Wall Street saw a more cheerful day on Wednesday – partly thanks to today's American inflation figures, which put the New York stock exchange in a better mood. The USA's trade policy continued to leave its mark on the market at the same time.

» Published: March 12 2025

Wall Street bounced back
Photo: Peter Morgan/AP/TT

After a somewhat shaky trading day, two out of three leading American stock indexes still pointed upwards at closing.

The broad S&P 500 index and the technology-heavy Nasdaq composite index rose 0.5 percent and 1.2 percent, respectively. The Dow Jones industrial index landed at minus 0.2 percent.

The inflation rate for February was 2.8 percent, which can be compared to a price increase rate of 3.0 percent on an annual basis the previous month.

Among individual stocks, a rise was noted for several technology giants – which earlier in the week were hit by steep declines – where, among others, Nvidia rose 6.4 percent and Meta, which owns, among others, Facebook and Instagram, rose 2.3 percent.

Electric car manufacturer Tesla also rose 7.6 percent, after having fallen over 15 percent on Monday.

At the other end, for example, the company Brown-Forman, owner of the whiskey brand Jack Daniel's, fell 5.1 percent. Harley Davidson lost 5.7 percent. Both companies may be hard hit by the ongoing trade war.

Both the EU and Canada have announced their own tariffs against the US in response to the American ones.

Today's rise comes after a period of heavy price falls on the New York stock exchange. During the last month, the S&P 500 has fallen nearly 8 percent.

Tags

TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Sweden's Rent Hike Slows in 2025 but Remains a Struggle for Many

Sweden's Rent Hike Slows in 2025 but Remains a Struggle for Many

Akelius Foundation and Partners Raise 125 Million Kronor for Gaza Education

Akelius Foundation and Partners Raise 125 Million Kronor for Gaza Education

US to Impose Hefty Tariffs on April 2 in Trade War Escalation

US to Impose Hefty Tariffs on April 2 in Trade War Escalation

Snus Deliveries Secure as Strike Notice Withdrawn in Sweden

Snus Deliveries Secure as Strike Notice Withdrawn in Sweden

Navigating Mortgage Decisions Amid Economic Uncertainty

Navigating Mortgage Decisions Amid Economic Uncertainty

Svantesson Urges Shared Responsibility to Tackle Rising Food Prices

Svantesson Urges Shared Responsibility to Tackle Rising Food Prices

Tesla Recalls Cybertrucks, Market Dips Amid Fed Rate Hold

Tesla Recalls Cybertrucks, Market Dips Amid Fed Rate Hold

EU Delays Bourbon Tariffs, Seeks Talks with Trump Administration

EU Delays Bourbon Tariffs, Seeks Talks with Trump Administration

Bank of England Holds Interest Rate Steady Amid Inflation Concerns

Bank of England Holds Interest Rate Steady Amid Inflation Concerns

Geely's Profit Soars in 2024 with Strategic Shift and Sales Boost

Geely's Profit Soars in 2024 with Strategic Shift and Sales Boost

Mercedes CEO Calls for Zero Tariffs to Boost US-EU Trade

Mercedes CEO Calls for Zero Tariffs to Boost US-EU Trade

Switzerland Nears Zero Interest Rate as Central Bank Cuts Again

Switzerland Nears Zero Interest Rate as Central Bank Cuts Again

Swedish Central Bank Holds Steady on Interest Rates Amid Inflation Concerns

Swedish Central Bank Holds Steady on Interest Rates Amid Inflation Concerns

Swedish Central Bank Holds Rates Steady, Ready to Act on Inflation

Swedish Central Bank Holds Rates Steady, Ready to Act on Inflation

Ericsson Gains Amid Stockholm Stock Exchange Dip

Ericsson Gains Amid Stockholm Stock Exchange Dip

China Holds Steady on Interest Rates Amid Economic Challenges

China Holds Steady on Interest Rates Amid Economic Challenges

Trump Calls on Fed to Lower Interest Rates Amid Economic Uncertainty

Trump Calls on Fed to Lower Interest Rates Amid Economic Uncertainty

Rising Trend: 1 in 5 Swedes Boycott American Brands

Rising Trend: 1 in 5 Swedes Boycott American Brands

U.S. Stock Markets Surge as Fed Holds Interest Rates Steady

U.S. Stock Markets Surge as Fed Holds Interest Rates Steady

Fed Holds Interest Rates Steady Amid Economic Uncertainty

Fed Holds Interest Rates Steady Amid Economic Uncertainty

Sweden's Finance Minister Pushes for Lower Food Prices Amid Talks

Sweden's Finance Minister Pushes for Lower Food Prices Amid Talks

Sweden's Economy Faces Higher Unemployment Despite Growth Signs

Sweden's Economy Faces Higher Unemployment Despite Growth Signs

Another Major Bank Raises Mortgage Interest Rates

Another Major Bank Raises Mortgage Interest Rates

European Inflation Revised Downward

European Inflation Revised Downward

Stockholm Exchange Sees Slight Gains Amid Mixed European Markets

Stockholm Exchange Sees Slight Gains Amid Mixed European Markets

More and more rush to declare

More and more rush to declare

Inflation Expectations Rise

Inflation Expectations Rise

Wallenberg does not believe in state rescue of Northvolt

Wallenberg does not believe in state rescue of Northvolt

Hard to find an apprenticeship for vocational programs

Hard to find an apprenticeship for vocational programs

Record win for Skistar: Prioritizing the mountains

Record win for Skistar: Prioritizing the mountains

Forecast: Cheap Electricity Due to High Water Levels

Forecast: Cheap Electricity Due to High Water Levels

Swedish trade unique - "can be price-increasing"

Swedish trade unique - "can be price-increasing"

Mostly Upwards on Asian Stock Exchanges

Mostly Upwards on Asian Stock Exchanges

Japan leaves the interest rate unchanged

Japan leaves the interest rate unchanged

SBAB: The Central Bank lowers the interest rate after the summer

SBAB: The Central Bank lowers the interest rate after the summer

Nvidia rolls into GM's vehicles

Nvidia rolls into GM's vehicles

Wallenberg outraged by food boycott

Wallenberg outraged by food boycott

Now Northvolt's layoffs begin: "Tough days"

Now Northvolt's layoffs begin: "Tough days"

Siemens cuts 6,000 jobs

Siemens cuts 6,000 jobs

Wall Street fell again – Tesla continues to plummet

Wall Street fell again – Tesla continues to plummet