Stocks Fall Back on Chip Stock Weakness and Mixed US Economic Reports
From Nasdaq: 2025-05-15 13:05:00
Stock indexes like the S&P 500, Dow Jones, and Nasdaq are down today as chip stocks retreat. Mixed US economic news shows unchanged initial unemployment claims and better-than-expected April retail sales. T-note yields declined due to a weak Apr PPI report and manufacturing production. Fed Chair Powell hints at changes to monetary policy framework.
US markets anticipate tariff news and trade deals. Earnings reporting season sees 77% of S&P 500 companies beating estimates. Q1 earnings growth at +13.1%, higher than expected. European markets lower, Eurozone GDP revised down. ECB may cut rates in June. US stock movers include falling chip stocks, health insurance companies, and energy producers due to lower crude oil prices.
Walmart reports better Q1 earnings but warns of price increases. DXC Technology forecasts lower revenue. CoreWeave reports Q1 loss. Insider selling affects AppLovin stock. Foot Locker surges on acquisition news. Steris Plc and Cisco Systems lead gainers. Deere & Co reports strong Q2 sales. Earnings reports for various companies on 5/15/2025.
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