Stocks climb with positive inflation data and rebounding chip stocks

From Nasdaq: 2025-02-28 13:14:58

Stock indexes saw moderate gains today, with the S&P 500, Dow Jones, and Nasdaq all up. Positive inflation data led to speculation of potential Fed rate cuts. Chip stocks rebounded, boosting the Nasdaq 100. Meanwhile, US economic news was mixed, with personal spending down but income and PMI up.

President Trump’s tariff threats caused a negative impact on stocks, with Bitcoin hitting a 3-1/2 month low. Markets are pricing in a 5% chance of a rate cut at the next FOMC meeting. Overseas markets are weaker, with Euro Stoxx 50, Shanghai Composite, and Nikkei Stock 225 all down.

Interest rates and bond yields are lower, with T-notes climbing due to support from European bonds and dovish Fed policy factors. European bond yields also fell. The ECB’s CPI expectations eased slightly, while German retail sales and CPI exceeded expectations. Swaps predict a rate cut by the ECB in March.

Stock movers include AES Corp, Marvell Technology, Intel, and other chip stocks, all showing gains today. Edison International, Monster Beverage, and others also saw positive movement. On the downside, Acadia Healthcare, NetApp, HP Inc, and others experienced losses due to forecasts and earnings reports.



Read more at Nasdaq: Stocks Climb as Inflation Concerns Recede and Chip Stocks Rebound