Stocks Mixed on Trade News and Chip Stock Weakness

From Nasdaq: 2025-04-28 14:22:00

Stock indexes are mixed today, with S&P 500 up +0.02%, Dow Jones up +0.35%, and Nasdaq down -0.29%. US Treasury Secretary mentioned bilateral trade deals with 17 partners. Earnings from tech giants like Microsoft and Apple awaited. Economic news negative with Dallas Fed index at 5-year low. Nvidia down due to Huawei competition.

Q1 earnings growth for S&P 500 expected at +6.7%, down from previous estimates. Overseas markets mixed, Euro Stoxx 50 up +0.63%. Interest rates fluctuate, with 10-year T-notes up +3 ticks. European bond yields rise. ECB may cut rates due to trade war impact. Market awaits US tariffs and earnings reports from big companies.

Eli Lilly down -1% after HSBC downgrade. Roper Technologies down nearly -1% on lower Q2 forecast. Boeing up +2% after upgrade. CG Oncology up +34% after positive trial results. ON Holding up +2% after Citigroup upgrade. Jack in the Box climbs +4% on Stifel upgrade. Earnings reports include Alexandria Real Estate, Nucor Corp, and Waste Management Inc.



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