Stocks fall as concerns over trade war impacts rise

From NASDAQ MarketSite: 2025-05-06 12:09:00

Stock indexes are down today, with the S&P 500, Dow Jones, and Nasdaq all showing losses. Concerns over the trade war’s economic impact are rising following Ford Motor’s decision to pull its financial guidance due to tariff plans. Market focus shifts to the FOMC meeting and Q1 GDP impact of the record trade deficit.

Q1 earnings reporting season continues, with S&P 500 companies showing lower growth expectations. Overseas stock markets are mixed, with Euro Stoxx 50 down and China’s Shanghai Composite up. Interest rates see 10-year T-notes higher due to stock market slump and record trade deficit. European government bond yields rise, impacting T-notes.

Eurozone reports Mar PPI and Apr S&P composite PMI numbers. Swaps predict an ECB rate cut in June. US stock movers include Tesla, Nvidia, and Meta Platforms down, while chip stocks like AMD and Marvell Technology slide. Palantir Technologies, Vertex Pharmaceuticals, and DoorDash report disappointing earnings, impacting their stock prices.

In other news, Fabrinet and Clorox also see stock price declines due to earnings forecasts missing estimates. Datadog and Archer-Daniels-Midland report mixed results, affecting their stock performance. Meanwhile, Marriott International, AngloGold Ashanti Plc, and Celanese see stock gains after reporting positive financial updates. Ingredion raises its full-year EPS forecast, leading to a stock price increase. Earnings reports for various companies are expected on May 6, 2025.



Read more at NASDAQ MarketSite: Stocks Fall on Signs of Trade War Damage