financetom
Market
financetom
/
Market
/
US Equities Markets End Mixed Friday as Investors Evaluate Fed Official's Remarks
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Equities Markets End Mixed Friday as Investors Evaluate Fed Official's Remarks
Mar 21, 2025 1:34 PM

04:00 PM EDT, 03/21/2025 (MT Newswires) -- US benchmark equity indexes ended mixed Friday as traders parsed the latest remarks by a Federal Reserve official.

* New York Fed President John Williams said the future is "highly uncertain" amid mixed signals from recent data.

"I expect (US economic) growth this year to step down from last year's pace in part because of a slowdown in labor force growth due to lower immigration rates," Williams said. "There are many scenarios that could play out, depending on fiscal and trade policies and geopolitical and other developments."

* The Organization for Economic Co-operation and Development cut its outlook for 2025 global economic growth to 3.1% from 3.3% this week, saying US policies will likely hamper trade and further slow China, the world's second-largest economy.

* May West Texas Intermediate crude oil closed up $0.09 to settle at $68.19 per barrel, while May Brent crude, the global benchmark, was last seen up $0.09 to $72.09 even as the trade wars pushed by U.S. President Donald Trump threaten to slow demand growth while supply is on the rise.

* Boeing ( BA ) shares were up 3.7%. The plane maker has reportedly won a multibillion-dollar contract to design and build a fighter jet for the US Air Force, beating Lockheed Martin ( LMT ) . Shares of Lockheed tumbled 5.9%.

* Nike ( NKE ) shares decreased 5.7%. The sportswear giant late Thursday flagged revenue and gross margin declines in its fiscal Q4 amid tariffs and the company's ongoing transformation efforts.

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 >
Sector Update: Tech
Sector Update: Tech
Jul 15, 2024
08:50 AM EDT, 07/15/2024 (MT Newswires) -- Technology stocks were flat to higher premarket Monday, with the SPDR S&P Semiconductor ETF (XSD) inactive and the Technology Select Sector SPDR Fund (XLK) was up 0.5% recently. SolarEdge Technologies ( SEDG ) is eliminating roughly 400 employees as part of cost-cutting measures, the company said in a regulatory filing. SolarEdge Technologies (...
Sector Update: Financial
Sector Update: Financial
Jul 15, 2024
08:58 AM EDT, 07/15/2024 (MT Newswires) -- Financial stocks were edging higher premarket Monday as the Financial Select Sector SPDR Fund (XLF) was up 0.3% recently. The Direxion Daily Financial Bull 3X Shares (FAS) was 0.9% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.9%. Goldman Sachs Group ( GS ) shares advanced by...
Sector Update: Health Care
Sector Update: Health Care
Jul 15, 2024
08:54 AM EDT, 07/15/2024 (MT Newswires) -- Health care stocks were flat to higher premarket Monday with the Health Care Select Sector SPDR Fund (XLV) up 0.6% and the iShares Biotechnology ETF (IBB) recently inactive. ASLAN Pharmaceuticals ( ASLN ) fell past 45% after saying Nasdaq's Listing Qualifications Department has informed that it was delisting the company's securities because it...
Investors' Sentiment Rises on Trump Bets, Lifting US Equity Futures Pre-Bell
Investors' Sentiment Rises on Trump Bets, Lifting US Equity Futures Pre-Bell
Jul 15, 2024
09:07 AM EDT, 07/15/2024 (MT Newswires) -- US equity futures posted gains pre-bell Monday as markets evaluated the implications of an assassination attempt on former US president Donald Trump. The Dow Jones Industrial Average futures rose 0.5%, S&P 500 futures gained 0.4%, and Nasdaq futures were up 0.5%. On Saturday, presidential candidate Donald Trump was injured in a shooting during...
Copyright 2023-2025 - www.financetom.com All Rights Reserved