Stock indexes down, hawkish Fed comments and trade war fears weigh on markets.

From Nasdaq: 2025-03-07 14:00:32

Stock indexes are down today, with the S&P 500, Dow Jones, and Nasdaq all in the red. Economic uncertainty from trade policies and a rise in the unemployment rate are affecting markets. Fed Chair Powell’s speech is awaited. Chip stocks are rising, led by Broadcom. Energy stocks are also climbing, boosted by higher crude oil prices.

Hawkish Fed comments and fears of a global trade war are bearish for stocks. US tariffs on Canada, Mexico, and China raise concerns. Chinese trade data shows weaker-than-expected exports and a drop in imports. Overseas markets are down, with Euro Stoxx 50, Shanghai Composite, and Nikkei falling sharply.

Treasuries are up on a Fed-friendly payroll report and lower inflation expectations. European bond yields are down. Eurozone GDP is revised upward, but German factory orders decline. ECB members caution on interest rate cuts. US stock movers include Meta Platforms, Amazon, and Tesla down, while Broadcom and energy stocks like Schlumberger are up.

In individual stock movements, The Gap rises on strong sales, Walgreens to be acquired, Sandisk gets positive coverage, and Zscaler upgraded. HP Enterprise, Cooper Cos, and Costco Wholesale are down on disappointing results. Samsara and Air Lease also see declines. Intuitive Machines faces a setback with its moon lander.

Earnings reports for March 7, 2025, include companies like Advantage Solutions, Aemetis, and Genesco. The author of this article does not hold positions in the mentioned securities. All information is for informational purposes only. Views expressed in this article are solely those of the author and not Nasdaq, Inc.



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