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Live Markets: S&P Flips Green, KO, AAPL, INTC Rise

Gerelyn Terzo

Published: February 11, 2025 10:58 am

Last Updated: February 11, 2025 3:40 pm

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S&P 500's Worst Performer and Tariff 'Chaos'

1:38 pm

As of mid-afternoon, the Dow Jones Industrial Average and S&P 500 are managing modest gains while the Nasdaq Composite is posting a fractional decline. Most sectors are finding their way into the green with the glaring exception of consumer discretionary stocks, which are down 1.4% on the day.

Fidelity National Information Services (NYSE: FIS) shares sank by over 10% on the heels of disappointing quarterly earnings and weaker-than-expected revenue outlook. The fintech company, which earned the designation as the worst performer in the S&P 500 index today, even missed its own forecast, blaming tough comps, but is optimistic about 2025 amid better customer relations.

Shopify (NYSE: SHOP) is up about 4% in mid-afternoon trading on a revenue surprise. However, the stock remains nearly 30% below its 2021 highs even as revenue has been steadily climbing higher. Shopify is looking to more fully integrate AI into its products across platform, which it expects to push margins higher.

Humana (NYSE: HUM) is plummeting 6.4% on the day owing to a widening quarterly loss and sinking memberships. The insurer is looking to 2025 for margin recovery.

Tariff ‘Chaos’

Hedge fund managers and auto CEOs alike are addressing the tariff situation, pointing to “chaos” as the markets march on. Ford CEO Jim Farley was the most outspoken, saying, “Long-term, 25% tariffs across the Mexican and Canadian border would blow a hole in the U.S. [auto] industry that we have never seen.” Ford stock is trading relatively flat on the day, while EV maker Tesla (Nasdaq: TSLA) is down nearly 7%, erasing its post-election rally and weighing on the S&P 500.

Hedge fund manager Ken Griffin of Citadel also came out swinging against the tariffs, saying that “the damage has already been done.”

The markets are edging out gains after initially dropping in response to cautious remarks out of Jerome Powell on Capitol Hill. The Fed chairman confirmed market fears when he revealed that the central bank is not in a hurry to lower interest rates further amid efforts to lower inflation. He points to a “strong’ economy overall, saying that inflation is inching closer the Fed’s 2% goal but remains elevated. All three of the major stock market indices – the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite – initially fell but flipped from red to green as of mid-morning.

Coca-Cola (NYSE:KO) shares are a bright spot, climbing nearly 4% higher after the company beat earnings estimates on robust global demand and helping to lift the Dow Jones Industrial Average. The company, a favorite of Warren Buffett, reported Q4 EPS of $0.55 compared with estimates of $0.52 on revenue of $11.5 billion, also surpassing expectations. The markets are also bracing for the next wave of the tariff wars on which much of corporate America’s profits hang in the balance.

Here’s a look at the performance as of morning trading:

Dow Jones Industrial Average: Up 7.64 (+0.02%)
Nasdaq Composite: Up 2.70 (+0.08%)
S&P 500: Up 3.39 (+0.06%)

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Stock Movers

Apple (Nasdaq: AAPL) reported passed on an opportunity to collaborate with China’s AI threat DeepSeek. However, Apple instead has chosen to partner with China’s Alibaba, according to The Information, to create tailored features for users in China. Apple is up 3% and could be the tide to lift tech boats today.

Intel (Nasdaq: INTC) is up 6% on the day, extending yesterday’s gains amid its latest chip set that is being well received by the community. Intel could also be benefiting from the Trump administration’s plans to rely on U.S. chipmakers for its AI ambitions.

Super Micro Computer (Nasdaq: SMCI) is falling 3.5%, interrupting a five-day winning streak in which it added over 50% as its much-anticipated business update gets closer.

Bank of America is reportedly touting Booz Allen Hamilton (NYSE: BAH) as a key U.S. DOGE-efficiency inspired holding, but the stock is tanking 3.5% to within a stone’s throw of its 52-week low.