financetom
Market
financetom
/
Market
/
US Equity Indexes Mixed This Week Amid Economic Growth Concerns, 'Underwhelming' Nvidia Results
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Equity Indexes Mixed This Week Amid Economic Growth Concerns, 'Underwhelming' Nvidia Results
Feb 28, 2025 2:14 PM

04:59 PM EST, 02/28/2025 (MT Newswires) -- US equity indexes were mixed this week after macroeconomic data signaled weakness, while Nvidia's ( NVDA ) quarterly results underwhelmed investors, and a tense exchange between President Donald Trump and President Volodymyr Zelensky at the Oval Office brought geopolitical risks to the fore.

* The S&P 500 closed at 5,954.50 on Friday, versus 6,013.13 a week earlier. The Nasdaq Composite stood at 18,847.28 compared with 19,524.01 the week prior. The Dow Jones Industrial Average ended at 43,840.91, versus 43,428.02 a week ago.

* The Conference Board's measure of consumer confidence fell in February the most since August 2021. US initial jobless claims rose to 242,000 in the week that ended Feb. 22, beating forecasts for 221,000. The personal consumption expenditures price index and core PCE rose as forecast in January month over month. The growth in both gauges slowed from a year ago.

* Stifel said the PCE data appears more reassuring, potentially reinstating a disinflationary trend after four consecutive months of escalating consumer and producer price growth. However, "there appear to be at least some rising concerns of waning economic momentum amid fears of further upside risks to inflation."

* Trump plans to press ahead with import duties on Mexico and Canada next week, and China would likewise get a 10% additional tariff from the same day. A "stagnating" US economy coupled with rising prices is an economic quagmire that policymakers dread, a deVere Group note said.

* The US 10-year yield traded at 4.21% late Friday, down from 4.43% a week ago.

* Nvidia ( NVDA ) reported higher fiscal Q4 results that beat analyst estimates. Shares, nevertheless, fell 7.2% this week.

* A modest beat and "nothing major" in terms of guidance meant the report failed to live up to the hype, a Deutsche Bank note said. "Indeed, it was the smallest revenue beat in two years, so that was underwhelming for investors used to much bigger upside surprises."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
TSX Closer: The Index Plunges to a Six-Week Low as Political Turmoil Unsettles Investors
TSX Closer: The Index Plunges to a Six-Week Low as Political Turmoil Unsettles Investors
Dec 18, 2024
04:25 PM EST, 12/18/2024 (MT Newswires) -- The Toronto Stock Exchange fell for a fifth-straight session on Wednesday, taking it back below the 25,000 level for the first time in a month, largely on investment concerns as the governing Liberal Party finds itself in turmoil as the nation faces a potential tariffs war with the United States in just a...
US Equities Markets End Lower Wednesday After Fed Announces Rate Cut
US Equities Markets End Lower Wednesday After Fed Announces Rate Cut
Dec 18, 2024
04:03 PM EST, 12/18/2024 (MT Newswires) -- US benchmark equity indexes ended lower Wednesday as the Federal Reserve reduced its benchmark lending rate by 25 basis points and flagged fewer cuts ahead than projected in September. * The Federal Open Market Committee reduced interest rates to a range of 4.25% to 4.50% from 4.50% to 4.75%, in line with Wall...
Equities Plunge, Yields Surge After Fed Policy Outlook
Equities Plunge, Yields Surge After Fed Policy Outlook
Dec 18, 2024
04:34 PM EST, 12/18/2024 (MT Newswires) -- US benchmark equity indexes slumped Wednesday, while Treasury yields soared after the Federal Reserve reduced its benchmark lending rate by 25 basis points and flagged fewer cuts ahead than projected in September. The Nasdaq Composite sank 3.6% to 19,392.7, while the S&P 500 lost 3% to 5,872.2. The Dow Jones Industrial Average dropped...
US STOCKS-Stocks tumble after Fed cuts rates, signals slower cut pace
US STOCKS-Stocks tumble after Fed cuts rates, signals slower cut pace
Dec 18, 2024
* Fed cuts rates by 25 bps, as expected * Real estate, consumer discretionary sectors weak * Crypto stocks fall on Powell comments (Updates to market close) By Chuck Mikolajczak NEW YORK, Dec 18 (Reuters) - U.S. stocks plunged on Wednesday, erasing earlier gains after the Federal Reserve cut interest rates by a quarter of a percentage point and the...
Copyright 2023-2025 - www.financetom.com All Rights Reserved