Stocks mixed as bond yields rise on strong US economic reports, Fed unlikely to cut rates

From Nasdaq: 2025-01-07 17:00:38

The S&P 500, Dow Jones, and Nasdaq are mixed today, with bond yields rising after strong US economic reports, suggesting the Fed may not cut rates. Micron Technology boosts chip stocks, while speculation of universal tariffs lifts markets. Trade deficit widens in Nov, JOLTS job openings and ISM services index beat expectations.

Stocks are awaiting economic reports and FOMC minutes for rate cut clues. Overseas markets rise, Eurozone inflation meets expectations. Swaps predict ECB rate cut. US stock movers: Palantir, Nvidia, Tesla, Datadog, Excelerate Energy, MicroStrategy, RingCentral. Chip makers gain, vaccine makers rally. Carvana, Royal Gold, Inari Medical, Ulta Beauty, Lululemon rally. Earnings reports include AAR Corp, Apogee Enterprises, AZZ Inc, and more.



Read more at Nasdaq: Stocks Turn Lower as Bond Yields Rise on Strong US Economic Reports