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Trade Desk ( TTD ) falls on downbeat Q1 revenue forecast

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MGM Resorts ( MGM ) up after Q4 results beat estimates

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S&P 500 +0.61%, Nasdaq +0.92%, Dow +0.47%

(Updates with afternoon trading)

By Noel Randewich and Sukriti Gupta

Feb 13 (Reuters) - The S&P 500 advanced on Thursday,

with gains in Nvidia ( NVDA ), Apple ( AAPL ) and Tesla, after the latest producer

prices data fueled expectations of subdued inflation.

U.S. producer prices increased in January, but key elements

in the core Personal Consumption Expenditures (PCE) index, a

measure closely tracked by the U.S. Federal Reserve, were benign

or lower.

Components, including physician's office and hospital

prices, were either broadly unchanged or rose modestly.

Healthcare, with a nearly 20% weighting in the core PCE,

declined 0.06%.

Yields on the 10-year U.S. Treasury bond moved sharply

lower following the report, suggesting investors were growing

more confident about inflation cooling.

Tesla climbed 4%, Nvidia ( NVDA ) added about 3%

and Apple ( AAPL ) rose 2%.

"Equity investors are taking cues from the bond market,"

said Jack Ablin, chief investment officer at Cresset Capital.

"Investors were also preparing for kind of an alarmingly high

inflation number, based on tariffs."

Interest rate futures suggest traders expect a solitary

25-basis-point rate cut from the central bank this year,

according to the CME's FedWatch Tool.

The number of Americans filing new applications for

unemployment benefits decreased last week, another report

showed.

Also on Thursday, U.S. President Donald Trump unveiled a

roadmap for charging reciprocal tariffs on every country that

charges duties on U.S. imports, his latest trade salvo directed

at American friends and foes that the White House claims will

strengthen economic and national security.

The S&P 500 was up 0.61% at 6,088.82 points.

The Nasdaq gained 0.92% to 19,830.91 points, while the Dow

Jones Industrial Average was up 0.47% at 44,576.94 points.

Ten of the 11 S&P 500 sector indexes rose, led by materials

, up 1.29%, followed by a 1.15% gain in information

technology.

Chevron ( CVX ) shares rose 0.6% after the oil heavyweight

said it will lay off up to 20% of its global workforce by the

end of 2026.

Trade Desk ( TTD ) slumped 33% after the ad tech firm

forecast first-quarter revenue below analysts' estimates.

MGM Resorts International ( MGM ) jumped 17% after the

casino operator beat fourth-quarter profit and revenue

estimates.

Advancing issues outnumbered falling ones within the S&P 500

by a 2.1-to-one ratio.

The S&P 500 posted 30 new highs and 10 new lows; the Nasdaq

recorded 106 new highs and 83 new lows.