Mixed performance in stock indexes with chip stock slide

From Nasdaq: 2025-02-27 13:56:38

Stock indexes showed mixed performance today, with the S&P 500 down -0.07%, Dow Jones up +0.74%, and Nasdaq 100 down -0.67%. Nasdaq fell to a 6-week low due to chip stock retreat after Nvidia’s earnings disappointed. President Trump’s tariff announcements also impacted the market.

US economic indicators were a mix of positive and negative news. Q4 GDP remained at +2.3%, but core PCE price index rose to +2.7%. Jobless claims surged to a 2-1/2 month high, pending home sales fell -4.6%, and inflation pressures persisted.

Stock movers included Warner Bros Discovery, up +8%, and Universal Health Services, up +6%, reporting strong Q4 results. Snowflake and Nutanix also saw gains. On the downside, Viatris Inc dropped -15%, eBay fell -8%, and Teladoc Health declined -10%.

Interest rates saw pressure on T-notes due to Trump’s tariff news and inflation concerns. European bond yields were mixed, with the Eurozone’s economic confidence rising. Markets are pricing in a 2% chance of a rate cut at the next FOMC meeting.

Overseas markets were mixed, with the Euro Stoxx 50 down -1.17%, China’s Shanghai Composite up +0.23%, and Japan’s Nikkei up +0.30%. Earnings reports for various companies are expected on February 27.



Read more at Nasdaq: Stocks Trade Mixed as Chip Stocks Slide