Stocks fall after Trump-Zelenskyy tension, inflation increase, hardware stocks plunge

From Nasdaq.: 2025-02-28 13:23:26

Stocks started the day higher but ended lower, with the Dow down 0.1%, Nasdaq down 0.3%, and S&P 500 down 0.2%. A meeting between Trump and Zelenskyy turned tense over Ukraine’s rare earth minerals deal. Traders bought stocks at lower levels after recent weakness. U.S. consumer price inflation increased as expected in January. The Fed’s preferred inflation readings slowed in January. Concerns about a global trade war persist after Trump and China’s tariff threats. Computer hardware stocks plunged 4%, led by NetApp’s 15.7% drop. Natural gas stocks rose, while steel, airline, and networking stocks fell. Asian markets dropped, European markets rose, and treasuries gained.



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