From Nasdaq: 2025-02-19 11:45:12

The S&P 500, Dow Jones, and Nasdaq are all down today, with futures also showing declines. This comes after President Trump announced potential tariffs on US auto, semiconductor, and pharmaceutical imports, set to take effect in April. The markets are also expecting less Fed rate cuts due to inflation concerns from these tariffs.

US housing starts fell in January, missing expectations, while building permits rose slightly. The ECB is considering pausing rate cuts, and the markets await the release of FOMC meeting minutes. Overseas markets are mixed, with the Euro Stoxx 50 down, China’s Shanghai Composite up, and Japan’s Nikkei down.

T-note prices are lower due to tariff threats and fears of hawkish FOMC minutes, but find some support from the stock market sell-off. European bond yields are higher, and swaps indicate a high likelihood of an ECB rate cut in March. Stock movers include Analog Devices up, Intel down, and Meta Platforms declining.

Several tech stocks like Amazon, Microsoft, and Nvidia are trading lower, while others like Tesla and Apple are up. Cadence Design Systems and Arista Networks are down, with disappointing earnings results. Toll Brothers also saw a decline after reporting below-consensus revenue. Etsy is down after reporting a sales miss. Earnings reports for today include Garmin, Analog Devices, and Texas Pacific Land Corp.



Read more at Nasdaq: Stocks are Undercut by New Tariffs