Stock markets decline on concerns over US trade policies, weak consumer spending, and sticky inflation.

From Nasdaq: 2025-03-28 12:58:00

Stock indexes are down today, with the S&P 500, Dow Jones, and Nasdaq all showing losses. The decline is attributed to concerns about US trade policies affecting economic growth. Personal spending and inflation data are weaker than expected, adding to investor worries.

Federal Reserve comments on tariffs boosting inflation have heightened market concerns. Personal spending and income data for February were mixed, with spending slightly below expectations and income stronger. The core PCE price index, a key inflation gauge, rose more than expected, fueling fears of sticky inflation.

Market expectations for a rate cut after the May FOMC meeting are at 16%. Overseas markets are also lower, with European stocks and Chinese and Japanese indices showing declines. Interest rates are affected by US economic news, with T-notes climbing on support from German bunds and relief from Treasury auctions.

Economic concerns in Europe include falling economic confidence and higher unemployment in Germany. Swaps are pricing in an 85% chance of an ECB rate cut in April. US stock movers include chipmakers and companies like Lululemon and Delta Airlines facing losses due to economic worries. Some companies, like WR Berkley and Rocket Lab USA, are seeing gains.

US Steel is up as talks continue with Nippon Steel. AngloGold Ashanti leads mining stocks higher as gold prices rise. Beam Therapeutics and AppLovin are also up on positive news. Earnings reports for various companies are due on March 28, 2025, adding to market activity. Market outlooks remain cautious amid economic uncertainties.



Read more at Nasdaq: Stocks Tumble on Weaker US Consumer Spending and Sticky Price Pressures