From Nasdaq: 2025-02-11 14:21:00

Stock indexes today are mixed, with the S&P 500 down -0.02%, Dow Jones up +0.06%, and Nasdaq 100 down -0.05%. Chip stocks rally amidst concerns over steel and aluminum tariffs imposed by President Trump. Fed Chair Powell and Cleveland Fed President Hammack’s hawkish comments also weigh on stocks and bonds.

Earnings results show mixed outcomes. Fidelity National Information Services and Marriott International report below-consensus Q4 earnings, leading to stock declines. On the positive side, Ecolab and Coca-Cola report better-than-expected results, driving stock gains. The market awaits the US Jan CPI report and Fed Chair Powell’s testimony this week.

Overseas markets see mixed performance, with the Euro Stoxx 50 up +0.36% and China’s Shanghai Composite down -0.12%. Bond yields rise on concerns about inflation and Fed rate cuts. Swaps indicate a 100% chance of an ECB rate cut in March. Notable US stock movers include Fidelity National Information Services and Marriott International leading losers, while Ecolab and chip stocks drive gains.

Interest rates are under pressure as bond yields climb, influenced by rising inflation expectations and supply pressures. European government bond yields also rise. France reports a drop in unemployment rate, defying expectations. Earnings season continues with estimates of S&P 500 Q4 earnings growth at +7.5% y/y. Phillips 66 and DuPont de Nemours see stock gains, while others like Amkor Technology report weaker results. Apple unveils new Powerbeats Pro 2 earbuds with added features.



Read more at Nasdaq: Stocks Recover Early Losses as Chip Stocks Rally