Stock indexes down on US tariff concerns, chip and energy stocks affected
From Nasdaq: 2025-03-05 13:56:34
Stock indexes, including the S&P 500, Dow Jones, and Nasdaq, are down today due to concerns over US tariffs impacting economic growth. Chip stocks and energy stocks are particularly affected by the news. Additionally, US economic data shows a slowdown in job growth, while factory orders and ISM services index exceed expectations.
US Treasury notes are under pressure as bond yields rise, influenced by stronger economic data and global developments. European bond yields also climb to multi-month highs, impacting US bond prices. Meanwhile, overseas stock markets are mostly higher today, with the Euro Stoxx 50 leading gains.
US stock movers today include chip stocks and energy producers, which are down due to various factors like tariff concerns and falling oil prices. However, copper mining stocks and automakers are up on positive news. Individual companies like Brown-Forman, PDD Holdings, and Moderna see significant gains.
On the earnings front, companies like Brown-Forman, Marvell Technology, and MongoDB report quarterly results today. Market attention remains on the upcoming US payroll report and Fed Chair Powell’s speech. Overall, market sentiment is mixed as investors assess various economic indicators and trade developments.
Read more at Nasdaq: Stocks Weighed Down as US Tariffs Raise Economic Concerns