Stock indexes mixed with S&P 500 and Dow up, Nasdaq down. Powell reassures 2% inflation target.

From Nasdaq: 2025-05-15 15:52:00

Stock indexes are mixed today, with the S&P 500 and Dow Jones up, but Nasdaq down. Economic news shows no change in weekly unemployment claims and higher retail sales, easing recession concerns. T-note yields fell on weak US economic data. Fed Chair Powell reaffirms commitment to 2% inflation target.

US economic data reveals unexpected declines in manufacturing production, Empire and Philadelphia Fed surveys, and NAHB housing market index. Powell hints at possible changes in monetary policy framework. Markets await tariff news and trade deals. Q1 earnings reporting season shows positive results.

European government bond yields decrease. Eurozone GDP revised lower, but industrial production beats expectations. UK GDP exceeds predictions. ECB Vice President warns of potential economic headwinds. Swaps predict ECB rate cut. US Stock Movers: Chip stocks decline, health insurance companies drop, energy producers under pressure.

Defensive food and beverage companies rise amidst market weakness. Steris Plc and Cisco Systems lead gainers. Deere & Co reports strong Q2 results. Earnings reports include Walmart and Deere & Co. Analyst downgrades impact some stocks. Foot Locker surges after buyout offer.



Read more at Nasdaq: Stocks Mixed as Investors Weigh Earnings, Economic Data