Stocks rebound as shutdown fears ease and global markets receive a boost

From Nasdaq: 2025-03-14 13:08:05

Stock indexes surged today with the S&P 500 up +1.27%, Dow Jones up +0.87%, and Nasdaq up +1.54%. Futures also climbed with E-mini S&P up +1.33% and E-mini Nasdaq up +1.59%. Markets reacted positively to news of a potential government funding deal and eased shutdown concerns.

Global equity markets received a boost from Chinese stocks hitting a 3-month high. However, US consumer sentiment fell to a 2-year low and inflation expectations rose sharply. The University of Michigan reported a Mar consumer sentiment index of 57.9, below expectations, with 1-year inflation expectations at 4.9% and 5-10 year at 3.9%.

Bitcoin prices rose over 3% today as a stablecoin bill moves forward in the Senate. Stock markets faced pressure from ongoing trade tensions, with tariffs imposed on Canadian, Mexican, Chinese, EU goods. The chance of a rate cut at the next FOMC meeting is currently at 1%.

European bond yields are on the rise, with German bund yield up +4.9 bp. A report indicated German parties agreed on a debt package, affecting bond prices. ECB member supports pausing rate cuts, warning of inflation risks. Swaps predict a 53% chance of an ECB rate cut in April.

US stock movers include Nvidia, Meta Platforms, and Amazon climbing over 1%. Chip stocks like Micron Tech and ARM Holdings also surged. DocuSign forecasted strong billings for 2026, while Semtech reported better-than-expected Q4 EPS. Ulta Beauty and Crown Castle saw significant gains.

In earnings news, Xponential Fitness fell over 35% after a revenue forecast miss. Numerous companies reported earnings, including Gogo Inc and Value Line Inc. The overall market trend remains positive, driven by key tech and chip stocks. Markets await further developments on government funding and trade issues.



Read more at Nasdaq: Stocks Recover Some of This Week’s Losses as US Shutdown Seems Averted