Stocks slightly lower on mixed economic news and higher bond yields

From Nasdaq: 2025-01-16 13:01:27

Stocks are slightly lower today on mixed economic news and higher bond yields, with the S&P 500 down -0.02%, the Dow Jones down -0.26%, and the Nasdaq 100 down -0.13%. E-mini futures are also down slightly. Chip stocks are rising after Taiwan Semiconductor Manufacturing Co set a strong capital expenditure target, boosting hopes for AI spending. US economic news shows weaker retail sales and rising jobless claims, but a positive Philadelphia Fed survey. Overseas markets are higher, and earnings season begins with an estimated 7.5% growth in S&P 500 earnings for Q4. Interest rates are down slightly, and European government bond yields are mixed. The ECB minutes were dovish, and UK manufacturing production fell. US stock movers include chip stocks like ASML Holding and Nvidia climbing, while health insurance stocks like UnitedHealth Group are under pressure. PNC Financial and US Bancorp are also down. Earnings reports for today include Bank of America, Morgan Stanley, and UnitedHealth Group.



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