Stocks are down due to fears of stagflation in the US economy

From Nasdaq

March 3, 2025 01:01 PM:

Stock indexes, including the S&P 500, Dow Jones, and Nasdaq, are down today due to fears of stagflation in the US economy. Tech stocks like Nvidia, Amazon, Microsoft, and Apple are under pressure. Trade concerns are also affecting stocks, with tariffs set to increase on US imports from Canada, Mexico, and China. European stocks hit record highs, supported by positive corporate news. In the cryptocurrency world, Bitcoin surged after President Trump’s comments about a Crypto Strategic Reserve. US construction spending fell in January, while the markets await key economic data this week. Interest rates are fluctuating, with T-notes seeing support from weak US data but facing inflation concerns. In Europe, bond yields are rising, with positive CPI and manufacturing PMI data. The ECB is expected to cut rates in March. Several US stocks are moving, with Intel, Allegro MicroSystems, and Capri Holdings among the gainers. Chipotle, Nvidia, and Humana are among the losers. Casino stocks with Macau exposure are up after strong gaming revenue data. Earnings reports today include Fortrea Holdings, Gitlab Inc, and Okta Inc.

Read more at Nasdaq: Stocks Turn Lower on Stagflation Fears