Tech stocks declined due to tariff risks, crypto prices fell, and Trump admin plans chip controls

From Nasdaq: 2025-02-25 19:29:00

The S&P 500 closed down -0.47%, Dow Jones rose +0.37%, and Nasdaq 100 fell -1.24%. Tech stocks weakened due to tariff risks and US consumer confidence drop. Cryptocurrency prices fell with Bitcoin down -6% and Ether down -5%. Trump admin plans to tighten chip controls on China. US home prices rose in December.

Nvidia’s earnings report awaited. US economic calendar busy with GDP and PCE price index reports. Markets expect a 3% chance of a -25 bp rate cut at the next FOMC meeting. Overseas markets closed lower. T-note prices rose on weak US consumer confidence and tech stock weakness. Treasury sells T-notes.

European bond yields fell, swaps predict ECB rate cut. Tesla, chip stocks, and crypto stocks traded lower. Restaurant stocks fluctuated. Home Depot rose after sales expectations. Zoom Communications fell on management guidance. Eli Lilly rose after cutting drug prices. Krispy Kreme plunged on revenue guidance. Earnings reports expected on 2/26/2025.



Read more at Nasdaq: Tech Stocks Continue Lower on Tariff Uncertainty and Economic Concerns