S&P 500 Index ($ SPX) (SPY) closed on Thursday -0.22%, Dow Jones Industries Index ($ Dowi) (Dia) -0.03%closed down, and NASDAQ 100 Index ($ IUXX) (QQQ) -0.30%shut down. March E -Mini S&P Futures (ESH25) are below -0.20%, and March e -Mini Nasdaq Futures (NQH25) -0.25%below.
The stock index declined marginally on uncertainty on the economic approach due to American trade policies on Thursday. Stagflation concerns also reduced shares after FOMC on Wednesday cut its 2025 US GDP forecast and increased its 2025 inflation forecast. In addition, the stock was also pressurized by a slide in European shares on Thursday when the ECB President Lagard said that the US tariff had increased uncertainty on the economic approach.
Barchart brief: The biggest news stories and investment trends were distributed in the afternoon
The stock was pushed longer on Thursday, in which Dow Jones Industrial posted at a height of 1-1/2 weeks. Falling bond yields promoted the stock on Thursday, the 10-year T-Rot yield falls on speculation with a reduced 1-week, the fed lives on a route for low interest rates. The expected of US Economic News reduced better-preferred development concerns and supported stocks from Thursday. American weekly unemployed claims increased less than expected, Filadelphia Fed Business Outlook survey fell below expectation, and February existing home sales increased unexpectedly.
The US weekly initial unemployment claims, showing slightly stronger labor market compared to the expectations of 224,000, increased from +3,000 to 223,000.
The US Mar Philadelphia Fed Business Outlook Survey from 5.6 to 12.5, which was stronger than expectations of 9.0.
The US February existing home sales increased unexpectedly to 4.2% m/m to 4.26 million, stronger than expectations of 3.95 million.
The major economic indicators of the US February have fallen -0.2% m/m expectations.
Increased geo -political risk shares in the Middle East are negative. Israel on Tuesday launched a series of air strikes in Gaza, ending a two -month ceasefire with Hamas, and Israeli Prime Minister Netanyahu vowed to “increase military strength to free the hostage” and “increase military strength” to remove Hamas. In addition, the US launched weekend attacks on Yemen’s Hurti rebels. US Defense Secretary Hegseth said the attacks would be “incredible” until the group attacks the ships in the Red Sea. The Houthi rebels said that they would respond by attacking American ships in the Red Sea.
The stock has been under pressure in the last two weeks that American tariffs will weaken economic growth and corporate income. On March 4, President Trump imposed 25% tariffs on Canadian and Mexican goods and doubled tariffs on Chinese goods to 10% to 20%. On Sunday, Mr. Trump reiterated that he would impose mutual tariffs and additional field-specific tariffs on foreign nations on 2 April.
After the May 6-7 FOMC meeting, the markets are giving exemption to the market for 21% for cutting -25 BP rate cuts.
Foreign stock markets decreased on Thursday. The Euro Stoxx 50 -fell from 2 -wealth and closed -1.02%. China’s Shanghai Composite Index -0.51%shut down. Nikkei Stock 225 of Japan did not trade today, in which the markets in Japan closed for Varnel Ecux Day Holiday.
Interest rates
June 10-year-old T-notes (Znm25) shut down the +5.5 ticks on Thursday. The yield of 10-year-old T-Note fell to 4.235%. On Thursday, June T-Nots climbed a height of 1-week, and the 10-year T-Rot yield fell to 4.172%at the bottom of 1-week. T-Nots increased on Carrover support from Wednesday on Thursday when FOMC cut its US 2025 GDP forecast and extended its year-end unemployment rate forecast, davish factors for Fed policy. In addition, FOMC stated that it would slow down the speed of runoff of its balance sheet starting next month, another dowish factor for Fed Policy. In addition, weakness in shares promoted some safe-heaven demand for T-notes.
The T-Note prices returned from their best levels on Thursday, which was the strength of the signal in the economy of better-and-from US economic reports. Weekly unemployed claims increased less than expected, Filadelphia Fed Business Outlook Survey fell below expectation, and February existing home sales increased unexpectedly.
European bond yield was mixed on Thursday. 10 -year -old German Bund yield -2.3 BP fell to 2.780%. The 10-year-old UK gilt yield rebound from 4.559% from the bottom of the 2-week and +1.5 bp at 4.646%.
German February PPI -0.2% m/m and rose +0.7% y/y fell, +0.2% m/m and + +1.0% y/y weakened.
ECB President Lagard said that when the disintegration process “is well on track,” ECB is unable to make firm commitment at interest rates due to unexpected unexpectedness on business.
ECB Governing Council member Wilroy de Galaha stated that he is “not worried about inflation in Europe,” and ECB has space to cut interest rates.
As expected, the Bank of England (BOE) kept its official bank rate unchanged at 4.50% and said that the “gradual and careful” approach to ease in monetary policy is appropriate.
In the April 17 policy meeting, Swaps are offering 59% discount to cut -25 BP rate cut by ECB.
US Stock Movers
The Extense PLC (ACN) shut down more than -7% to lead losing in S&P 500, after narrowing its entire year operating margin from 15.6% to 15.6% to 15.8% to 15.8%.
Gartner (IT) shut down more than -6%, as the Defense Secretary Hegseth signed a memorandum directing the termination of more than $ 580 million in the defense contracts and grant departments including some Gartner contracts.
The weakness in chip shares was weighed in the widespread market on Thursday, as Microchip Technology (MCHP) shut down more than -6% to lead the loser in Nasdaq 100, as it launched a $ 1.35 billion in public offer in depository shares. In addition, Broadcom (AVGO) and NXP semiconductors NV (NXPI) -closed more than 2%. In addition, analog device (ADI) and Globalfoundries (GFS) closed more than -1%.
Aramark (ARMK) shut down more than -4% on negative carriageovers from -17% recession in colleague Sodexo, as it issued a warning of profit due to challenges, including weak growth in North America, both health care and education.
Rivian Automotive (RIVN) -with more than 4% closed, as the piper sandler turned the stock neutral with overweight.
Monolithic Power Systems (MPWR) shut down over -3% after increasing its Q1 operating expenses $ 126.9 million- $ 130.9 million with a previous estimate of $ 131.6 million- $ 135.6 million.
Raymond James Financial (RJF) shut down more than -3% after reporting customer property under administration in February, falling from -0.7% m/m to $ 1.58 trillion.
Proassuration (PRA) +shut down over 48% after the doctors company acquired the company for about $ 1.3 billion or $ 25 per share.
Dardon Restaurant (DRI) The whole year’s comparative sales +1.50%, +1.29%better than the consensus of 1.29%, shut down more than +5%to lead the beneficiaries in S&P 500 after predicted sales.
Jabil (JBL) closed more than +3% after reporting a Q2 net revenue of $ 6.73 billion, above $ 6.42 billion consensus, and $ 6.70 billion-$ 7.30 billion forecasts of net revenue, above a consensus of $ 6.77 billion.
After upgrading the stock for more than the neutral weight with a price target of $ 225 by Piper Sandler, Carwana (CVNA) +closed more than 5%.
The CAVA Group (CAVA) +shut down after upgrading the stock for more weight than neutral with a price target of $ 110 by JPMorgan Chase.
After reporting auto policies from February, the allstate (all) +more than 2% closed, from January, auto policies increased by +59,000.
The UBS shut down the south -western airlines (LUV) +1% after upgrading the stock to neutral from selling with a price target of $ 36.
Earning Report (3/21/2025)
Aldeyra Therapeutics Inc (Aldx), American Realty Investors Inc. (ARL), Cabaletta Bio Inc (CABA), Carnival Corp (CCL), Gencor Industries Inc (Genc), Humacyte Inc (Huma), Nkarta Inc (Nkarta Inc) (Svra), trancontinatinnaltinnantal (tci).
On the date of publication, Rich Escpland did not have the positions mentioned in any securities mentioned in this article (either direct or indirectly). All information and data in this article is only for informative purposes. For more information, please see the Barkart Disclosure Policy here.
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