Stock indexes fall on trade tension with Trump threatening tariffs, but futures recover on US jobless claims

From Nasdaq: 2025-03-13 12:22:49

Stock indexes fell today with the S&P 500 down -0.33%, Dow Jones down -0.24%, and Nasdaq 100 down -0.68%. Trade tensions heightened as Trump threatened tariffs on European alcohol, but futures recovered after US jobless claims fell. Overseas markets are also lower, and T-notes are down -5 ticks with a 4.335% yield.

US tariffs and trade tensions have weighed on stocks, with Trump imposing tariffs on Canadian, Mexican, and Chinese goods. The EU retaliated with tariffs on US goods, sparking fears of economic impact. Market focus remains on trade policies, upcoming economic data, and a potential government shutdown.

ECB member Nagel predicts Eurozone inflation will return to 2% by 2025, with swaps pricing a 47% chance of an ECB rate cut in April. Stock movers include Intel up +15% after naming a new CEO, while Adobe is down -10% due to weaker earnings forecast. Chip stocks are up, but UiPath and SentinelOne are down on revenue forecasts.

In other stock movements, Dollar General is up more than +3% on strong sales growth forecast, while Moelis & Co is down more than -1% after a double downgrade. Insider buying boosts IonQ Inc, and Alkami Technology and FMC Corp are up on upgrades and buy recommendations. Earnings reports for today include DocuSign, Dollar General, Ulta Beauty, and Williams-Sonoma.



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