Thursday, 11 September 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
S&P 500 Drops For Fourth Day After Weak Consumer Confidence Data, Nvidia Leads Nasdaq Decline: Live Updates
Wednesday, 26 February 2025 03:53 WIB | MARKET UPDATE |SahamAS

Stocks fell broadly on Tuesday, with the S&P 500 on track for its fourth straight decline, as traders weighed concerns about economic growth and global trade.

The broad-market index fell 0.2%. The Nasdaq Composite fell 1%, with Nvidia's 1.4% drop leading the decliners. This week's losses have pulled the tech-focused Nasdaq into negative territory for the year. Meanwhile, the Dow Jones Industrial Average was trading higher by 220 points, or 0.5%.

The market fell after the Conference Board's latest consumer confidence survey came in much weaker than economists had expected. It followed a string of weak data releases last week, including weak manufacturing and retail sales figures. Walmart's cautious forward guidance added to souring sentiment about the health of consumers and the economy.

"All of that has come together to call into question the foundation of what has been the strength of the U.S. economy for the last several years, which is the consumer and the job market," said Ross Mayfield, investment strategist at Baird Private Wealth Management.

Investors turned to the U.S. bond market for safety. The benchmark 10-year Treasury yield fell below 4.3%, hitting its lowest level since December.

Bitcoin, which has been correlated with stocks, fell below $90,000 to a three-month low. The leading coin is trading nearly 20% below its all-time high hit on President Donald Trump's inauguration day.

Shares of major banks slumped Tuesday as recession fears mounted. Goldman Sachs, Wells Fargo and JPMorgan Chase each fell more than 1%.

Momentum stocks that have driven the market higher also slumped. In addition to Nvidia, Palantir

lost more than 3%, bringing its shares down about 13% for the week. Meta Platforms

fell 1.1%. Electric vehicle maker Tesla, another favorite among retail investors, fell more than 8%. The decline pushed Tesla's market capitalization below the $1 trillion threshold.

Rising trade concerns also contributed to market uncertainty. President Donald Trump announced Monday that tariffs on imports from Canada and Mexico "will continue" after the current 30-day moratorium expires. The White House is also preparing tighter restrictions on Chinese semiconductor exports, according to a report from Bloomberg News.

Investors are also looking ahead to Nvidia's quarterly results, due Wednesday after the bell, for more insight into the health of the artificial intelligence trade. The stock is down nearly 5% in 2025, underperforming the broader market. (Newsmaker23)

Source: CNBC

RELATED NEWS
PPI Cools, Fed Cut Speculation Rises...
Thursday, 11 September 2025 07:43 WIB

Asian stocks moved mixed on Thursday after Wall Street rallied and pushed the S&P 500 to a new record. A decline in US producer price inflation (PPI) bolstered confidence that the Fed could cut in...

S&P 500 notches record-high close as Oracle soars on AI optimism...
Thursday, 11 September 2025 03:24 WIB

The S&P 500 notched a second straight record-high close on Wednesday, as Oracle surged and cooler-than-expected inflation data supported expectations the U.S. Federal Reserve will cut interest rat...

European Stocks Close Slightly Lower...
Wednesday, 10 September 2025 23:53 WIB

European stocks closed mostly lower on Wednesday with losses from tech, consumer defensive companies, and miners as markets continued to assess the outlook on global rates and geopolitical risk. The E...

S&P 500 rises to record on new inflation data ...
Wednesday, 10 September 2025 21:02 WIB

The S&P 500 jumped to a fresh record on Wednesday after a reading on wholesale prices unexpectedly declined, a welcome development for investors clamoring for a Federal Reserve rate cut next week ...

European Stocks Rise as Retailers, Tech Stocks Rally...
Wednesday, 10 September 2025 14:30 WIB

European stocks have opened higher as a bit of political calm enters the market. The Stoxx 600 Index was up 0.6% in its third session of straight gains. Retailers led the rally as Inditex shares jump...

LATEST NEWS
The Shadow of Oversupply Still Haunts the Global Oil Market

World oil prices recorded a slight decline in trading on Wednesday (September 10th) despite escalating geopolitical tensions in the Middle East. Prices briefly surged nearly 2% following Israel's attack on Qatar, but the gains were...

Dollar Sideways, CPI Risks Ahead

The US dollar held steady early in the Asian session after the PPI data fell 0.1% in August, reinforcing expectations that the Fed would cut interest rates next week. The Dollar Index edged up to 97.822, marking a third consecutive day of gains....

Gold Steady at $3,645; Fed Rate Cut Speculation Strengthens

Gold held steady just below its record, around $3,645/oz, after an unexpected decline in US producer prices (PPI) fueled hopes of Fed policy easing. The market now awaits the release of US CPI data Thursday evening (WIB) for confirmation of the...

POPULAR NEWS
Will Nonfarm Payrolls revisions hint at a 50 bps Fed cut next week
Tuesday, 9 September 2025 04:05 WIB

The United States (US) Bureau of Labor Statistics (BLS) will publish the 2025 preliminary benchmark revision to the Establishment Survey Data on...

Russian Forces Attack Power Plant In Kyiv Region, Ukraine's Energy Ministry Says
Monday, 8 September 2025 17:12 WIB

Russian forces attacked a thermal power plant in the Kyiv region as part of an overnight attack, Ukraine's Energy Ministry said on Monday,...

US Nonfarm Payrolls benchmark revision points to 911,000 decrease in March 2025 level of employment
Tuesday, 9 September 2025 21:13 WIB

The US Bureau of Labor Statistics reported on Tuesday that the preliminary estimate of the Current Employment Statistics (CES) national benchmark...

Breaking News: US Annual PPI Inflation Falls to 2.6% in August, Compared to an Expected 3.3%
Wednesday, 10 September 2025 19:39 WIB

Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), fell to 2.6% annually in August from 3.3% in...