Stock indexes rise due to strength in chip stocks and positive retail sales data.

From NASDAQ: 2025-03-17 12:14:02

Stock indexes are up today, with the S&P 500, Dow Jones, and Nasdaq all showing gains. This rise is attributed to strength in chip stocks and positive retail sales data. Geopolitical risks, including US strikes on Yemen, are also affecting market sentiment.

US retail sales for February were slightly weaker than expected, but retail sales excluding autos met expectations. The US Mar Empire manufacturing survey showed a decline, contributing to dovish factors for Fed policy. Global equity markets are being supported by positive economic news from China.

Interest rates are slightly higher today, with 10-year T-notes up. European bond yields are moving lower, and ECB Vice President Guindos predicts service inflation will moderate. US stock movers include chip stocks like AMD and ARM, while Intel is up on possible changes to chip manufacturing methods. Tesla is down after a Chinese rival unveiled a fast-charging system for electric cars.

Netflix and Nike are among the gainers today, while Incyte is leading the losers in the S&P 500. Earnings reports for March 17th include companies like Altus Power and Getty Images Holdings. Overall, the markets are reacting to a mix of economic data, geopolitical tensions, and company-specific news.



Read more at NASDAQ: Stocks Supported by Strength in Chip Stocks and Lower Bond Yields