From Nasdaq: 2025-02-27 16:10:17

Stock indexes dropped today, with the S&P 500 down -1.20%, Dow Jones down -0.39%, and Nasdaq 100 down -2.35%. Chip stocks fell after Nvidia’s earnings disappointed. President Trump announced tariffs on Canada, Mexico, and China. Inflation pressures persist with rising jobless claims and declining home sales.

US economic indicators showed strength, with Q4 GDP unchanged at +2.3% and capital goods orders rising. Unemployment claims increased, pending home sales dropped. The Fed faces a balancing act between inflation risks and growth concerns. The market anticipates a rate cut at the March FOMC meeting. Overseas markets were mixed.

Interest rates rose as 10-year T-note yields increased. Trump’s tariff announcements and inflation concerns contributed to T-note pressure. European bond yields varied. Economic confidence in the Eurozone rose, while money supply growth fell. Swaps predict an ECB rate cut in March.

Stock movers included Warner Bros Discovery, up +8%, and Universal Health Services, up +6%. Snowflake and Nutanix saw gains. Allstate raised its dividend. Axon Enterprise and eBay experienced losses. Moderna’s contract is under review. Salesforce and Teladoc Health reported weaker forecasts.

Earnings reports for 2/27 include AES Corp, Autodesk Inc, Dell Technologies, Edison International, and more. The author did not hold positions in discussed securities. All information is for informational purposes only. Views expressed are those of the author and not Nasdaq, Inc.



Read more at Nasdaq: Nasdaq Slumps on Nvidia Weakness as Tariff Anxieties Loom Large