Weak corporate earnings reports are causing stock indexes to drop, with concerns over global economic outlook

From Nasdaq: 2025-03-21 16:55:00

Stock indexes, including the S&P 500, Dow Jones, and Nasdaq, are down today due to weak corporate earnings reports. FedEx, Nike, and Micron Technology are leading the losses. Concerns over global economic outlook and impending tariffs are adding to market pressure.

New York Fed President Williams and Chicago Fed President Goolsbee support the current Fed policy. Market volatility may increase due to the expiration of $4.5 trillion in options and futures contracts. Geopolitical tensions in the Middle East are negatively impacting stocks.

US tariffs on Canadian, Mexican, and Chinese goods are fueling economic growth concerns. President Trump plans to impose more tariffs on April 2. The market anticipates a 21% chance of a rate cut after the May FOMC meeting.

Interest rates are up slightly today, with T-notes gaining on stock market weakness. European bond yields are mixed. Swaps predict a rate cut by the ECB in April. Stock movers include FedEx, Nike, and Micron Technology.

In the stock market, Lennar Corp and Valmont Industries are down, while Alnylam Pharmaceuticals is up. Tesla is gaining after CEO Musk’s reassurance. Food and beverage stocks are rising amid broader market weakness.

Lockheed Martin and Super Micro Computer are up today. Earnings reports include Aldeyra Therapeutics, Carnival Corp, and more. The author does not hold positions in the mentioned securities. Views expressed are personal and do not reflect those of Nasdaq, Inc.



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