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Updated Mon, Mar 17, 2025, 1:37 PM 2 min read
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US stocks climbed connected Monday, with absorption connected much mixed economical information up of this week's Federal Reserve argumentation meeting.
The gauges continued a ascent aft a sell-off that saw the S&P 500 participate correction territory and the Dow publication its worst play show since March 2023. Markets person been buffeted by economical slowdown fears and uncertainty implicit Trump's unpredictable tariff policy.
Treasury Secretary Scott Bessent inflamed those worries connected Sunday erstwhile helium told NBC that he's not disquieted astir the caller slump successful stocks, saying "corrections are healthy." He added that determination are "no guarantees" the US volition debar recession.
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On Monday, rate-cut bets this twelvemonth roseate aft a caller people showed retail income accrued little than expected successful February, portion January's speechmaking was revised lower.
Monthly retail income were up 0.2%, versus estimates of a 0.6% rise, portion the erstwhile month's 0.9% driblet was revised to a autumn of 1.2%.
Meanwhile, the New York Fed's speechmaking connected manufacturing enactment successful New York authorities showed a crisp pullback successful March, with the header concern conditions scale falling to -20 from a speechmaking of 5.7 successful February.
Wall Street is besides bracing for the Federal Reserve's two-day gathering starting Tuesday, wherever it is wide expected to basal pat connected involvement rates. Investors volition look for immoderate motion that Trump's policies are changing the cardinal bank’s views of the aboriginal of the economy.
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Stocks summation for 2nd time successful a enactment aft S&P 500 enters correction territory
Stocks gained for a 2nd time successful a enactment connected Monday arsenic investors crook their attraction to this week's Fed involvement complaint meeting.
The Nasdaq Composite (^IXIC) erased earlier losses to summation 0.3% arsenic immoderate tech names slipped. The S&P 500 (^GSPC) roseate 0.6% to summation for a 2nd time successful a enactment aft it entered correction territory past week. The Dow Jones Industrial Average (^DJI) gained much than 350 points, oregon astir 0.8%, aft registering its worst week since 2023.
The Federal Reserve volition commencement its two-day gathering connected Tuesday. Investors expect policymakers to denote nary alteration to rates connected Wednesday afternoon, but anticipation is gathering for a resumption of cuts this twelvemonth and perchance much than antecedently anticipated pursuing anemic economical information and a volatile mates of weeks amid tariff uncertainty.
Nearly 11 sectors of the S&P 500 gained connected Monday, with Energy (XLE) and Real Estate (XRE) stocks starring the way.
The 'Mag Seven' stocks managed to ascent disconnected their lows of the session. EV shaper Tesla (TSLA) and Nvidia (NVDA) closed the league successful antagonistic territory.
Stocks adjacent league highs with Fed gathering successful absorption this week
Stocks were adjacent the highs of the league connected Monday with little than 1 hr near of trading.
The Nasdaq Composite (^IXIC) erased losses from earlier to summation 0.9%, portion the S&P 500 (^GSPC) was up astir 1%. The Dow Jones Industrial Average (^DJI) gained much than 1.2% aft registering its worst week since 2023.
All 11 sectors of the S&P 500 were successful greenish territory.
The Federal Reserve volition conscionable connected Tuesday. Investors expect policymakers to clasp rates dependable pursuing its two-day meeting. However expectations are rising that Fed officials volition request to resume complaint cutting this twelvemonth successful bid to stimulate the economy, arsenic caller information whitethorn beryllium signaling a slowdown.
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Real Estate, Energy stocks pb markets higher
Energy (XLE) and Real Estate (XRE) stocks gained connected Monday, sending the large averages higher.
All 11 sectors of the S&P 500 roseate aft anemic economical information signaled cracks successful the US economy, lifting expectations that the Federal Reserve volition request to resume complaint cuts this year.
"A humble rebound successful February retail income pursuing a downwardly revised plunge successful January indicates accrued spending reluctance connected the portion of the consumers arsenic flagging user sentiment, rising occupation insecurity, and different bout of acold wintertime upwind took a toll connected households’ willingness to spend," EY elder economist Lydia Boussour said connected Monday.
Headline retail income roseate 0.2% successful February, little than the 0.6% summation economists had expected. Retail income successful January were revised little to a diminution of 1.2% from a anterior speechmaking that showed a 0.9% alteration successful the month.
Investors whitethorn beryllium betting that a slower system would punctual Fed officials to commencement cutting rates again this year. Policymakers volition conscionable connected Tuesday, though the marketplace wide anticipates they volition clasp involvement rates dependable astatine the decision of their gathering connected Wednesday afternoon.
Tesla sinks 5% arsenic EV shaper offers escaped self-driving proceedings successful China
Tesla banal (TSLA) was a Nasdaq laggard connected Monday, falling much than 5% connected the heels of 8 consecutive weeks of declines.
Shares dropped connected quality from China, 1 of the company’s astir important regions, that the electrical conveyance shaper is offering a escaped proceedings of its Full Self-Driving (FSD) autonomous bundle connected the mainland.
Pras Subramanian reports:
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Robinhood present offers prediction markets, bringing stocks and sports ever person
The aboriginal of banal marketplace investing isn't the banal market.
On Monday, Robinhood (HOOD) announced it was launching prediction markets, allowing users to commercialized the result of events, with this week's Fed gathering and the NCAA tourney serving arsenic the archetypal 2 markets astatine launch.
Last month, readers mightiness recall, the institution sought to motorboat bets connected the Super Bowl but aboriginal withdrew that plan.
A period later, it seems the institution has the reply for regulators.
"The prediction markets hub — and corresponding contracts — volition initially beryllium disposable crossed the US done KalshiEX LLC, a CFTC regulated exchange," the institution said successful Monday's release.
"We person been successful adjacent interaction with the CFTC implicit the past respective weeks and look guardant to continuing to enactment with them to beforehand innovation successful the futures, derivatives and crypto markets."
So with the regulatory machinery hammered retired and the institution uncovering a amended spouse for its latest inaugural extracurricular of stocks, Robinhood appears to beryllium signaling that the aboriginal of banal marketplace investing is really sports betting.
As Bloomberg's Matt Levine wrote backmost successful February:
There are 2 basal intelligence models 1 tin usage erstwhile investing successful the banal marketplace — nary 1 knows thing oregon everyone knows everything.
Both, taken to their extremes, signifier a steadfast backing for doing what astir probe suggests astir radical should bash with astir of their investments: parkland them successful a low-cost scale money and past bash thing other with their clip and talents.
For nonrecreational investors, some of these models besides connection plentifulness of reasons to spell connected trying to bushed the market. Surely, not everyone tin cognize everything, and idiosyncratic indispensable cognize something. Why not us?
But for some the retail capitalist and the companies that service them, a regularly reinforced connection that the champion mode to bash thing with your wealth is to bash thing volition yet spot these relationships autumn disconnected successful some directions.
Companies cannot get users and number connected them to stay customers done years of inaction. And fewer customers of immoderate business, nary substance what they are "supposed" to bash with the product, volition stay arsenic specified if there's nary crushed to retrieve they're a customer.
All of which helps to outline the entreaty of prediction markets arsenic a mediate crushed of sorts.
They resoluteness quickly. They are discrete. And portion leverage tin beryllium applied to immoderate wager successful originative ways, determination aren't (at slightest not yet) options connected these derivatives.
In its insubstantial arguing for the worth of offering prediction marketplace contracts, Robinhood writes, "The operation of hazard mitigation, accusation aggregation, speculation, and learning imaginable makes prediction markets a invaluable economical and informational instrumentality for businesses and individuals alike."
Which, sure.
And speaking of things everyone knows, the modern US system is highly financialized, but astir participants are incapable to hedge their risk. (As a W-2 worker with a owe and a 401(k), I'm really levered agelong my section lodging market, the online media industry, and the US banal market.)
So: does this caller merchandise offering alteration the hazard illustration for the bulk of Robinhood's users, galore of whom are apt exposed to the aforesaid leverage arsenic this post's author? Probably not.
But what it does awesome is that the banal market's relation successful the mean person's efforts to amended their fiscal lasting oregon de-risk their fiscal assets is apt to alteration implicit time.
"Democratizing" things similar backstage equity and task superior acceptable successful this bucket, of course.
And placing a yes/no stake connected each 67 games acceptable to beryllium played successful the NCAA Tournament doesn't precisely shriek "de-risking."
The banal marketplace is often discussed arsenic a solved occupation — overmuch similar baseball, with its 3 existent outcomes — but if the known close enactment is, arsenic mentioned above, to bargain the handbasket and bash nothing, past some the concern strategist and quality quality biases toward enactment indispensable beryllium allayed somehow.
At slightest sports are fun.
Intel banal jumps implicit 7% connected study of 'significant changes' from caller CEO
Intel (INTC) banal roseate 7.5% Monday aft Reuters reported that the chipmaker's caller CEO, Lip-Bu Tan, is considering "significant changes" to the company's manufacturing and artificial quality strategies.
Citing anonymous sources with ties to Tan, Reuters reported that the caller main enforcement is looking to restructure Intel's attack to AI and revamp its manufacturing operations by attracting caller customers.
Tan's assignment arsenic CEO was announced past week by Intel to the thrill of investors. Shares of the chipmaker jumped 15% connected the news.
Intel has struggled to regain technological dominance successful the AI-dominated market. The banal fell astir 60% successful 2024. With Monday's gain, Intel shares are up astir 30% twelvemonth to date.
RBC lowers S&P 500 year-end target, citing economical maturation concerns
Another Wall Street strategist is lowering her year-end people connected the S&P 500 (^GSPC), citing economical maturation concerns.
Following the S&P 500's caller 10% drawdown, RBC Capital Markets caput of US equity strategy Lori Calvasina lowered her year-end people to the S&P 500 to 6,200 from 6,600. Calvsina's revised outlook connected the S&P 500 comes aft some Goldman Sachs and Yardeni Research lowered their targets past week.
"While we don’t judge that a pullback beyond the 10% drawdown that has already been sustained is inevitable, we bash judge that the way for stocks betwixt present and December has gotten rockier with stronger headwinds," Calvasina wrote successful a enactment to clients connected Sunday night.
A gloomier outlook connected US economical maturation from the RBC Capital Markets economics squad contributed to the much subdued S&P 500 projection. RBC's economical forecasters present task the system to turn 1.6% this year, down from a anterior estimation of 2%. Calvsina noted that the banal marketplace has often fallen successful years erstwhile GDP is successful a "sluggish" scope of 1.1%-2%.
"Some economical forecasters astir the Street person started to dial down their 2025 GDP forecasts, but are not calling for a recession," Calvasina wrote. "Historically, the dialing down of economical maturation connected its ain presents a important headwind for the banal marketplace to overcome."
Read much here.
'Magnificent Seven' measurement connected the Nasdaq
Monday's aboriginal marketplace enactment featured much symptom for the "Magnificent Seven" tech stocks.
Nvidia (NVDA), Alphabet (GOOG, GOOGL), Amazon (AMZN), Meta (META), Apple (AAPL), Microsoft (MSFT), and Tesla (TSLA) are each little connected Monday morning. Apple, Amazon, Meta and Nvidia fell much than 1%, portion Tesla shares slid implicit 5%.
Consequently, the large indexes' effort astatine a comeback stalled. The Nasdaq Composite (^IXIC) moved down astir 0.2%, portion the S&P 500 (^GSPC) was up little than 0.3% and disconnected its precocious for the day.
This reflects a constituent that respective Wall Street strategists person made to Yahoo Finance successful caller days: The banal market's way retired of its slump is inactive apt contingent connected the way of the Magnificent Seven megacaps
"For the marketplace to spell higher from here, you request the broadening thesis to happen, but you request your Mag Seven to contribute," Citi US equity strategist Scott Chronert told Yahoo Finance.
BMO Capital Markets main concern strategist Brian Belski echoed Chronert's sentiment astir the group's importance.
"Maybe these tech stocks got up of their skis a small bit," Belski told Yahoo Finance. "But astatine the extremity of the day, these are monster companies that specify the maturation trajectory for the United States banal market. They are not going away."
Nvidia banal slides up of GTC arsenic investors look to caller Blackwell Ultra
Yahoo Finance's Laura Bratton reports:
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Guess shares surge 27% connected imaginable of going private
Guess? shares (GES) surged arsenic overmuch arsenic 27% connected Monday aft the institution announced it received a connection to spell private.
The covering institution said its committee of directors received a non-binding connection from WHP Global to get the outstanding shares of Guess for $13.00 per stock successful cash.
At 10:55 a.m. ET, shares were trading conscionable supra $12 each.
How overmuch Trump's liquor tariffs could outgo 2 elephantine liquor producers
Yahoo Finance's Brian Sozzi reports:
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Builder assurance drops successful March to lowest level successful 7 months
Builders are feeling little assured astir the lodging marketplace arsenic they navigate economical uncertainty, the menace of tariffs, and precocious lodging costs.
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index fell to 39 successful March, down 3 points from February and the lowest level successful 7 months. According to Bloomberg data, economists were expecting a speechmaking of 42. A speechmaking beneath 50 indicates much builders presumption conditions arsenic mediocre alternatively than good.
“Builders proceed to look elevated gathering worldly costs that are exacerbated by tariff issues, arsenic good arsenic different supply-side challenges that see labour and batch shortages,” NAHB Chairman Buddy Hughes, a homebuilder and developer from Lexington, N.C., said successful a property release.
President Trump past week imposed a 25% tariff connected each imported alloy and aluminum products, without exemptions oregon exceptions, a determination that could rise lodging costs.
“Construction firms are facing added outgo pressures from tariffs,” NAHB main economist Robert Dietz said successful the release.
Dietz noted “Data from the HMI March survey reveals that builders estimation a emblematic outgo effect from caller tariff actions astatine $9,200 per home. Uncertainty connected argumentation is besides having a antagonistic interaction connected location buyers and improvement decisions.”
Stocks effort to ascent higher aft volatile week
US stocks were mixed successful aboriginal trading connected Monday aft the merchandise of anemic economical information and up of the Federal Reserve's argumentation gathering this week.
The S&P 500 (^GSPC) traded adjacent the level line, portion the Dow Jones Industrial Average (^DJI) was small changed. The tech-heavy Nasdaq Composite (^IXIC) fell slightly.
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Weak economical information appeared to nonstop stocks higher implicit expectations of Fed complaint cuts sooner, alternatively than later.
Retail income roseate 0.2% successful February, little than the 0.6% expected, portion January's 0.9% driblet was revised down to 1.2%.
The New York Fed's speechmaking connected manufacturing enactment successful New York authorities showed a crisp pullback this month, with the header concern conditions scale falling to -20 from 5.7 successful February.
All eyes volition beryllium connected the Federal Reserve's gathering this week, though investors expect policymakers to denote they volition clasp rates dependable connected Wednesday afternoon.
Business optimism successful New York State plummets successful March
National readings connected user and concern assurance person shown signs of weakness arsenic markets descend and Trump's commercialized warfare takes shape, and the determination information isn't overmuch better.
On Monday, the New York Fed's speechmaking connected manufacturing enactment successful New York authorities showed a crisp pullback this month, with the reading's header concern conditions scale falling to -20 from 5.7 successful February.
The scale is calculated by subtracting the percent of respondents reporting little assurance astir conditions from those reporting higher assurance successful the concern outlook.
This speechmaking marks the lowest for the survey since January 2024.
"Manufacturing enactment dropped importantly successful New York State successful March," said Richard Deitz, economical probe advisor astatine the NY Fed. "Input terms increases climbed for a 3rd consecutive period to deed their fastest gait successful much than 2 years. In addition, proviso availability is expected to declaration and firms continued to turn little optimistic astir the aboriginal concern outlook."
The survey was conducted from March 3-11.
US retail income emergence little than expected successful February
Nvidia banal ticks higher up of 'AI Woodstock'
Nvidia (NVDA) shares roseate implicit 1% successful premarket, with the kick-off of the chipmaking giant's yearly bundle developer league conscionable hours away.
The stakes are precocious for Nvidia, whose marketplace headdress is nearing $3 trillion acknowledgment to its dominance successful AI — which is nether menace aft DeepSeek upended AI spending hopes with its cheaper chatbot.
The Wall Street Journal reports:
Read much here.
Trump's tariffs loom implicit a still-cautious Fed
Yahoo Finance's Jennifer Schonberger reports:
Read much here.
Good morning. Here's what's happening today.
Oil rises connected China plans to summation consumption
Oil prices person risen for a 2nd consecutive time aft China revealed plans to summation lipid consumption.
Bloomberg reports:
Read much here.
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