Stocks rise with strong US economic data calming growth worries
From Nasdaq: 2025-03-20 14:30:28
- Stock indexes are up today, with the S&P 500, Dow Jones, and Nasdaq all showing gains. Falling bond yields are boosting stocks, with better-than-expected US economic news easing growth concerns.
- Concerns over US trade policies and stagflation are pressuring stocks, with negative carryover from a slide in European stocks. US economic reports show a slightly stronger labor market, but the Fed remains on track for lower interest rates.
- Geopolitical risks in the Middle East are impacting stocks, with airstrikes in Gaza and US strikes on Yemen’s Houthi rebels. Fear of US tariffs affecting economic growth and corporate earnings continues to weigh on markets.
- T-note prices rally on dovish Fed factors and economic strength signals. European bond yields move lower, and ECB officials comment on inflation and potential rate cuts. Bank of England keeps rates unchanged, while swaps predict a rate cut by the ECB in April.
- Stock movers include Meta Platforms, Amazon, and Nvidia leading gains. ProAssurance, Darden Restaurants, Jabil, and Carvana also see positive movements. Accenture and chip stocks like Microchip Technology face losses, with Aramark and Raymond James Financial down as well.
- Earnings reports for March 20, 2025, include Accenture PLC, Darden Restaurants Inc, FactSet Research Systems Inc, FedEx Corp, Jabil Inc, Lennar Corp, Micron Technology Inc, and NIKE Inc.
Read more at Nasdaq: Stocks Climb as Strong US Economic News Eases Growth Concerns