From Nasdaq: 2025-04-16 13:41:00

Stock indexes are down today, with the S&P 500, Dow Jones, and Nasdaq all showing losses. Chip stocks are contributing to the decline, with ASML Holding NV and Nvidia facing significant drops. The WTO cut its 2025 global trade forecast, warning of further contraction if reciprocal tariffs are imposed. US economic news is mostly positive, supporting stocks, while mortgage applications fell, and retail sales rose in March.

Trade tensions persist as the US implements tariffs on various countries, impacting the markets. The dollar weakens, and gold prices rise as trade policies spark concerns over GDP growth and capital spending. The focus remains on US trade policy news this week. The Fed Chair will speak on the economic outlook, with housing starts and building permits data due later in the week.

Earnings season begins with Q1 reports from big banks, with expectations for lower year-over-year earnings growth for S&P 500 stocks. Overseas markets are mixed, with European bonds seeing lower yields. UK CPI and ECB rate cut expectations are also in focus. Chip stocks like AMD and Nvidia are down, while energy producers like Marathon Petroleum see gains. Interactive Brokers and JB Hunt Transport Services report weaker-than-expected earnings, impacting their stock prices. Travelers Cos and Autoliv report strong Q1 results, boosting their stock prices.



Read more at Nasdaq: Stocks Retreat on Weakness in Chip Makers