Stock indexes mixed with Dow up, Nasdaq down; concerns about US trade uncertainty

From Nasdaq: 2025-03-26 13:21:00

Stock indexes are mixed today, with the Dow Jones up +0.43% and the Nasdaq down -0.94%. Concerns about US trade uncertainty are pressuring markets ahead of President Trump’s April 2 tariff deadline. Energy stocks are rising, with WTI crude up over +1% to a 3-week high.

Chicago Fed President Goolsbee’s hawkish comments are impacting stocks and bonds. Market focus shifts to Thursday’s Q4 GDP report and pending home sales data. Geopolitical tensions in the Middle East contribute to market unease. The US tariff situation continues to weigh on economic growth and corporate earnings.

Overseas markets are mixed, with Euro Stoxx 50 down -0.75% and Japan’s Nikkei up +0.65%. 10-year T-notes are down -8 ticks as bond yields rise. European bond yields are moving lower, and UK CPI data is weaker than expected. Swaps predict a 71% chance of a -25 bp rate cut by the ECB in April.

Stock movers include weakness in tech giants like Tesla and chip makers like Nvidia. Energy stocks are performing well, with WTI crude at a 3-week high. Dollar Tree leads gainers in the S&P 500, while Cintas leads in the Nasdaq 100. Earnings reports for the day include Cintas, Dollar Tree, and Paychex.



Read more at Nasdaq: Stocks Pressured by Weakness in Megacap Tech Stocks and Chip Makers