Tech stocks declining due to negative economic news, impacting major indices.

From Nasdaq: 2025-02-24 18:09:37

The S&P 500, Dow Jones, and Nasdaq indices saw mixed results on Monday. March futures for S&P and Nasdaq fell, with tech stocks declining due to negative economic news. The Trump administration imposed new measures on China, impacting Chinese shipping stocks. Trump confirmed tariffs on Mexico and Canada imports and plans for reciprocal tariffs later.

Investors await Nvidia’s earnings report and key economic data this week. Magnificent Seven stocks like Nvidia, Meta, and Microsoft saw losses. The German Dax rose after the conservative party’s election win in Germany. Overseas markets were mixed, with European bond yields varied. Swaps predict a rate cut by the ECB in March.

Among US stock movers, Nvidia, Meta, Tesla, and Microsoft saw declines. Apple rose after announcing plans to hire 20,000 US employees. Palantir fell due to defense spending concerns. Berkshire Hathaway and Nike saw gains. Domino’s Pizza and Robinhood Markets faced setbacks. Several companies are set to report earnings on 2/25/2025.



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