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Takeaways
- The S&P 500 gained 0.8% on Monday, April 14, 2025, after smartphones and other electronics were exempted from President Donald Trump's "reciprocal" tariffs.
- Palantir Technologies shares pushed higher after NATO acquired the data analytic firm's AI-enabled military system.
- DaVita, a provider of kidney dialysis treatments, said it had been the victim a ransomware. Its shares dropped.
The major U.S. equity indexes rose to begin the new trading week, after the Trump Administration announced that smartphones, computers, other electronics, and even the Commerce Secretary Howard Lutnick, would be exempted from “reciprocal tariffs”. However, Lutnick also suggested that these exemptions may only be temporary.
The S&P 500 and the Dow ended Monday's session approximately 0.8% higher, while the Nasdaq gained 0.6%.
Charles River Laboratories (CRL) posted the strongest daily gain of any S&P 500 stock, as shares added 6.9%. With Monday’s surge, the stock recovered a portion from the sharp drop posted late last weekend after the Food and Drug Administration stated it would phase out the requirement for animal testing in the development monoclonal antigens and other treatments.
Palantir Technologies (PLTR) shares surged 4.6% after the North Atlantic Treaty Organization (NATO) announced it acquired an AI-based military system developed by the data analytics software firm. NATO said that this procurement was “one the most expeditious ever in NATO’s past, taking only six month from defining the requirement to acquiring a system.”
Several health care stocks lost ground, as insurers recouped some of their gains from last week. The government had announced that payments for Medicare insurers in 2019 would be higher than originally expected. Humana (HUM) shares, which have been under pressure over the past year amid downgrades to its Medicare offerings and soft membership additions, sank 3.5%, marking the weakest performance in the S&P 500. UnitedHealth Group shares (UNH) fell 2.1% before its earnings report due later this week.
DaVita DVA, which provides dialysis to patients with kidney disease announced it was affected by a cyber-attack. According to an SEC filing, the incident led to the encryption and disruption of DaVita’s operations. The health care company has taken measures to mitigate issues. DaVita shares dropped 3% Monday.
Southwest Airlines (LUV) shares declined 2.4% after the carrier said its travel credits would expire 12 months from the purchase date of the original ticket for most flights, ending its policy of providing credits with no expiration date. The new policy marks an end to another long-standing perk of the airline. Last month, the airline moved towards a paid baggage model, raising concerns about more Southwest travelers being required to gate check their carry-on luggage.
