Stock market indices are down as Treasury yields increase; negative.

From Nasdaq: 2025-01-07 12:52:39

Stock market indices like the S&P 500, Dow Jones, and Nasdaq are down today, with futures also showing declines. Micron Technology is up due to a deal with Nvidia, while Tesla’s downgrade is affecting the tech sector negatively.
The US trade deficit widened in November, potentially impacting Q4 GDP. Investors are watching economic reports this week, including the ISM services index and FOMC meeting minutes. The chance of a rate cut at the January FOMC meeting is currently at 9%.
European government bond yields are rising, with the 10-year German bund yield up. Eurozone inflation rates are in line with expectations. Swaps predict a rate cut by the ECB at the end of January.
Stock movers include chip makers like Micron Technology, Moderna in the S&P 500, and Ulta Beauty. Upgrades and positive outlooks are boosting companies like Lululemon, Carvana, and Royal Gold.
Inari Medical is up after an acquisition by Stryker, while Snowflake and Uber Technologies are also gaining. Palantir Technologies and Excelerate Energy are down due to insider selling and downgrades, respectively.
RingCentral, Raymond James Financial, and Cboe Global Markets are also seeing declines after downgrades. Earnings reports for January 7 include companies like AAR Corp, Apogee Enterprises, and RPM International.