• Tue, Mar 3, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

20 March 2025 22:12  |

US Stocks Erase Losses

US stocks swung higher Thursday (20/3), extending yesterday's gains as markets continued to assess the shape of the economy amid risks from tariffs and lower spending by the US government. The three main averages were around 0.3% higher. Equities had already risen sharply in the prior session after the Federal Reserve held rates unchanged, as expected.

Chairman Powell downplayed concerns that tariffs by President Trump could reignite inflation by calling its impact transitory but FOMC projections showed downward revisions to growth and higher unemployment, driving markets to price three rate cuts by the Fed this year. These contrast slightly with FOMC projections of two rate cuts following yesterday's update. Meta was among the top gainers with a 2.7% jump, while Eli Lilly, Nvidia, and Amazon were more than 1% up. On the other hand, US-listed PDD stocks traded in the red after the company missed sales targets. Micron and Nike were due to report results after the bell.

Source: Trading Economics

Related News

MARKET UPDATE

Asian Stocks Down, Focus on Korea, Middle East

Asian stocks started the week on a weak note, as investors grappled with South Korea’s political turmoil and awaited fresh ...

9 December 2024 07:43
MARKET UPDATE

Asian Stocks Fluctuate on Hints of Tariff Relief

Stocks remained volatile in Asia after U.S. Commerce Secretary Howard Lutnick suggested the Trump administration may lift som...

5 March 2025 07:32
MARKET UPDATE

Asian Stocks in Narrow Range, Yen Crosses Key Level

Asian stocks traded in a narrow range after U.S. stocks fell from record highs as a disappointing forecast from the world’s...

21 February 2025 07:43
MARKET UPDATE

Asian Stocks Rise Following U.S., China Set to Reopen

Asian stocks rose as traders navigated their way through the U.S.-China trade war and earnings from Wall Street’s big tech ...

5 February 2025 07:24
BIAS23.com NM23 Ai