Stock indexes down due to FOMC meeting and geopolitical tensions

From Nasdaq.: 2025-03-18 14:00:42

Stock indexes are down today ahead of the FOMC meeting, with the S&P 500 down -1.15%, Dow Jones down -0.67%, and Nasdaq 100 down -1.89%. Concerns about US trade policies and weakening economic momentum are driving the market lower.

Geopolitical tensions in the Middle East are adding pressure to the stock market, with Israel launching airstrikes in Gaza and the US striking Yemeni rebels. Investors have cut US stock holdings by record levels, fearing economic impact from tariffs imposed by President Trump.

Overseas markets are higher, with Euro Stoxx 50 up +0.58%, Shanghai Composite up +0.11%, and Nikkei Stock 225 up +1.20%. In the bond market, T-notes are down on strong economic data, while European bond yields are rising.

Chip stocks are sliding, weighing on the market. Tesla, Meta Platforms, and Alphabet are some of the biggest losers. Travel stocks are also down, with Royal Caribbean Cruises leading the losses. Bakkt Holdings is down over -35% after losing commercial agreements.

Healthcare and mining stocks are performing well, with AngloGold up +3% and Willis Towers Watson up +2%. Intel is up after CEO hints at changes, while EQT Corp is upgraded. Earnings reports scheduled for March 18 include companies like HealthEquity Inc and StoneCo Ltd.



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