From Nasdaq: 2025-04-30 13:00:00

Major stock indexes, including the S&P 500, Dow Jones, and Nasdaq, are all down today due to weak economic news raising concerns about a slowdown. Stagflation risks are a concern after a sharp Q1 contraction and higher than expected core PCE price index. Labor market weakness is also evident with fewer jobs added than expected.

Stocks recovered slightly after positive inflation and spending data, but corporate earnings are mixed. Super Micro Computer and Norwegian Cruise Line are down, while Seagate Technology and Trane Technologies are up. Weak manufacturing activity in China is also impacting global growth prospects.

US economic indicators show mixed results, with GDP contracting in Q1, core PCE price index rising more than expected, and the Apr ADP employment change falling short. European bond yields are lower, and Eurozone GDP exceeded expectations. Swaps predict a rate cut by the ECB in June.

Earnings season is ongoing with a lower growth forecast for S&P 500 companies. Overseas markets are mixed, and interest rates are stable. Stock movers like Tesla, Amazon, and Starbucks are down, while Seagate Technology, Qorvo, and Mondelez International are up. Earnings releases from various companies are anticipated.



Read more at Nasdaq: Stocks Fall as Weak Economic Reports Spark Growth Concerns