From Nasdaq: 2025-03-06 12:14:53

Stock indexes, including the S&P 500, Dow Jones, and Nasdaq, are down today due to higher global bond yields and disappointing tech stock earnings. German plans to amend its constitution have sent bond yields soaring. Chip stocks are under pressure, with Marvell Technology leading the decline by 19%.

Tariff concerns continue to weigh on stocks after Trump’s recent actions. Weekly jobless claims fell more than expected, providing some support. The US Jan trade deficit was wider than expected. Attention shifts to Friday’s payroll report and Fed Chair Powell’s speech at the US Monetary Policy Forum.

Interest rates are slightly up, with T-notes feeling pressure from the selloff in German bunds. European bond yields are moving higher, and the ECB has cut its deposit facility rate. US stock movers include declines in chip and tech stocks like Tesla and MongoDB, while Veeva Systems and Zscaler are up.

Earnings reports for March 6, 2025, include companies like BJ’s Wholesale Club, Costco, Macy’s, and Kroger. Markets are mixed globally, with Euro Stoxx 50 and Shanghai Composite down, but Nikkei Stock 225 up. Overall, the day is marked by declines in tech stocks and concerns over tariffs and bond yields.



Read more at Nasdaq: Stocks Tumble on Higher Bond Yields and Chip Stock Weakness