Stocks closed with mixed results while finding support from benign CPI and strong tech performance.

From Nasdaq: 2025-03-12 18:47:33

The S&P 500, Dow Jones, and Nasdaq closed with mixed results on Wednesday. March E-mini S&P and Nasdaq futures are up. Stocks found support from easing price pressures and strong performances by tech stocks. EU and Canada imposed tariffs on US goods. US Feb CPI rose less than expected. Market awaits PPI and consumer sentiment reports. Chance of a rate cut at the next FOMC meeting is 1%.

European bond yields were mixed. ECB and swaps suggest potential rate cuts. Magnificent Seven stocks like Tesla and Nvidia led gains. Chip stocks rallied. Groupon and Talen Energy saw significant increases. Defensive consumer stocks fell. Airlines and telecommunication stocks also saw declines. iRobot and Brown-Forman reported weaker performances. Earnings reports from DocuSign, Dollar General, Ulta Beauty, and Williams-Sonoma are expected on 3/13/2025.



Read more at Nasdaq: Stocks Finish Higher on Benign CPI and Strength in Tech