Stocks decline due to Trump's tariff plans, rising bond yields, and mixed labor market news

From Nasdaq: 2025-01-08 12:59:53

Stocks, including S&P 500, Dow Jones, and Nasdaq, are down due to concerns over Trump’s tariff plans and rising bond yields. Mixed US labor market news also affects stocks. Fed Governor Waller’s dovish comments offer some support. Mortgage applications fell, 10-year T-note yield rose. Economic reports and FOMC meeting minutes awaited.

Overseas stock markets show mixed trends. European government bond yields rise. Dec economic confidence in Eurozone falls, Nov PPI and other data released. ECB expected to cut rates. US stock movers include chip stocks declining, impacting broader market. Adobe downgraded, eBay up on Meta Platforms deal. Earnings reports for Acuity Brands, Albertsons, Jefferies, and MSC Industrial Direct.

T-notes under pressure from tariff plan concerns, rising yields, and inflation expectations. Recovery seen after weaker employment data and Waller’s comments. European bond yields climb. Economic data in Eurozone and Germany released. ECB likely to cut rates. US stock movers experience declines and gains. Earnings reports scheduled for certain companies.



Read more at Nasdaq: Stocks Pressured by Trump Tariff Plans and Higher Bond Yields