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US markets end lower ahead of Nvidia earnings

25 Feb 2025 Evaluate

The US markets ended mostly in red on Monday after President Donald Trump said previously delayed tariffs on Canada and Mexico are going forward on time. Claiming the U.S. has ‘been taken advantage of’ on ‘just about everything’, Trump said ‘The tariffs will go forward... and we're going to make up a lot of territory’. Also, market participants weighed the prospects of President Donald Trump's tariff policies and also shifted focus to this week's Nvidia (NVDA) earnings. Concerns about the outlook for the U.S. economy may also be weighing on Wall Street following last Friday's disappointing consumer sentiment data. Later in the week, the focus is likely to shift to the Federal Reserve's preferred readings on consumer price inflation.

On the sectorial front, reflecting the lackluster performance by the broader markets, most of the major sectors are showing only modest moves on the day. Pharmaceutical stocks have shown a strong move to the upside, however, with the NYSE Arca Pharmaceutical Index climbing by 1.3 percent to its best intraday level in over three months. Notable strength has also emerged among steel stocks, as reflected by the 1.2 percent gain being posted by the NYSE Arca Steel Index.

Dow Jones Industrial Average increased 33.19 points or 0.08 percent to 43,461.21, while Nasdaq declined 237.08 points or 1.21 percent to 19,286.92 and S&P 500 was down by 29.88 points or 0.5 percent to 5,983.25.

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