LIVE MARKETS-Wall Street mixed as tariff news weighs

ReutersFeb 27, 2025 3:35 PM

U.S. equity indexes mixed: Dow up, S&P 500 ~flat, Nasdaq dips
Jan pending home sales change MM -4.6% vs -1.3% estimate
Euro STOXX 600 index down ~0.6%
Dollar up; bitcoin up >1%, crude rises >2%; gold down >1%
U.S. 10-Year Treasury yield rises to ~4.29%

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WALL STREET MIXED AS TARIFF NEWS WEIGHS

Shares on Wall Street are mixed early on Thursday in choppy trading, with the S&P 500 .SPX and the Dow .DJI higher on the day, while the Nasdaq .IXIC is lower amid renewed jitters on tariffs. That is partly offsetting initial optimism about an upbeat revenue forecast from AI giant Nvidia.

U.S. President Donald Trump said on Thursday his proposed tariffs on Mexico and Canada will go into effect on March 4 as scheduled, because drugs are still pouring into the United States from those countries. Trump also said China will be charged an additional 10% on that day, according to a post on his Truth Social platform.

"Markets have been caught wrong-footed by the news, seemingly due to the belief that these levies would again be delayed and/or watered down relative to his initial threats - alas, there is no sign of that at this stage," writes Matthew Ryan, head of market strategy at global financial services firm Ebury.

Trump also floated a 25% "reciprocal" tariff on European cars and other goods.

Meanwhile, Nvidia NVDA.O is down on Thursday, falling 2.8%, despite reporting strong earnings for the fourth quarter. The overall cautious market sentiment weighed on the stock.

Adding to the market's bearish mood is a report showing a jump in weekly jobless claims, rising 242,000, higher than estimates of 221,000.

Here is an early market snapshot:

(Gertrude Chavez-Dreyfuss)

FOR THURSDAY'S EARLIER LIVE MARKETS POSTS:

NASDAQ COMPOSITE INTERNAL MEASURE NEARS IMPORTANT JUNCTURE - CLICK HERE

FIDELITY SAYS THIS CHINA RALLY IS DIFFERENT - CLICK HERE

NEUTRAL RATE: TIME TO LET GO - CLICK HERE

STOCKS TAKE A BREATHER IN A BUSY SESSION - CLICK HERE

EUROPE BEFORE THE BELL: WE'D FORGOTTEN STOCKS CAN GO DOWN - CLICK HERE

MORNING BID TRUMP TARIFFS TAKE SPOTLIGHT AS NVIDIA NEITHER HOT NOR COLD - CLICK HERE

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