From Nasdaq: 2025-02-11 19:24:23

Stock indexes closed mixed on Tuesday, with the S&P 500 up +0.03%, Dow Jones up +0.28%, and Nasdaq down -0.29%. Chip stocks boosted the market, which initially dropped after Trump’s steel tariffs announcement. Powell and Hammack’s hawkish comments raised concerns about inflation. Earnings results were mixed, with DuPont and Ecolab beating estimates while Fidelity and Marriott fell short. Markets await US Jan CPI report and Powell’s testimony. Overseas markets settled mixed, with Euro Stoxx 50 hitting a 24-year high. Interest rates rose on tariff concerns and Fed comments, impacting T-notes. European bond yields increased, while France’s unemployment rate fell unexpectedly. Companies like DuPont, Ecolab, Coca-Cola, and Apple posted strong results, while others like Fidelity and Tesla saw declines. Earnings season continues with various companies reporting Q4 results. Swaps predict a rate cut by the ECB in March.

Read more at Nasdaq: Stocks Settle Mixed Ahead of Wednesday’s CPI Report