Stocks decline after Trump announces tariffs on multiple countries

From Nasdaq: 2025-02-27 12:29:48

The S&P 500 is down -0.34%, the Dow Jones is up +0.27%, and the Nasdaq 100 is down -0.79%. Futures for S&P and Nasdaq are down too. Stock indexes turned lower after Trump announced tariffs on Canada, Mexico, and China. Inflation pressures remain high, with jobless claims rising more than expected.

US stocks found support from economic strength. Q4 GDP was unrevised at +2.3%, and capital goods new orders rose more than expected. Weekly jobless claims, however, reached a 2-1/2 month high. Kansas City Fed President mentioned balancing inflation risks against growth concerns.

Overseas markets are mixed, with Euro Stoxx 50 down -1.33%, Shanghai Composite up, and Nikkei Stock 225 also up. Bond yields are rising in Europe, and Eurozone economic confidence is up. US stock movers include Warner Bros Discovery, Universal Health Services, and Snowflake leading gainers.

Papa John’s International and Teleflex are up, while Viatris Inc and Axon Enterprise are down. eBay, Pure Storage, Moderna, Salesforce, and Teladoc Health are also down. Earnings reports for 2/27 include AES Corp, Dell Technologies, HP Inc, and more. Markets are reacting to economic data and corporate earnings.



Read more at Nasdaq: Stocks Give Up Early Gains on Tariff Concerns