Stock indexes mixed as some rise while others fall, concerns over losses in key stocks.

From Nasdaq: 2025-03-17 13:05:14

Stock indexes are mixed today, with the S&P 500 and Dow Jones up, but Nasdaq down. Chip stocks and lower T-note yields support the market, along with retail sales meeting expectations. Concerns remain over losses in Magnificent Seven stocks. Geopolitical risks rise after US strikes on Yemen’s rebels, impacting market sentiment.

Global equity markets receive support from Chinese stocks hitting a 3-month high on positive economic news. China’s industrial production and retail sales exceed expectations, boosting global growth prospects. However, China’s property market struggles. US tariffs continue to weigh on markets, with President Trump imposing additional tariffs on foreign nations.

Overseas markets are up, with Euro Stoxx 50, Shanghai Composite, and Nikkei all higher. US T-note yields decrease on geopolitical tensions and weak economic data. Swaps predict a rate cut by the ECB. Stock movers include chip stocks like AMD and Microchip Technology up, while Magnificent Seven stocks like Nvidia and Apple decline.

Netflix, Norwegian Cruise Line, and Sprouts Farmers Market see gains, while Affirm Holdings and Incyte face losses. Earnings reports for multiple companies are due on 3/17. Intel leads gainers after potential changes in chip manufacturing. Market focus shifts to upcoming housing reports, manufacturing production, and the FOMC meeting for interest rate clues.



Read more at Nasdaq: Stocks Turn Mixed as Magnificent Seven Stocks Fall