Stock Market Today: Stocks slide on growth concerns, Nvidia slump
The S&P 500 is negative for the year, and just 1% higher than it was on Election Day.
U.S. moved lower in early Friday trading while the dollar jumped to multiweek highs and Treasury yields retreated, as global markets reacted to President Donald Trump's renewed tariff threats while American markets looked extend losses from yesterday's selloff.
Updated at 9:38 AM EST
Red open
The S&P 500 was marked 13 points lower, or 0.23% in the opening minutes of trading, while the Nasdaq fell 145 points, or 0.78% amid further declines for Nvidia (NVDA) following its fourth quarter earnings update earlier this week.
The Dow gained 118 points while the mid-cap Russell 2000 slipped 10 points, or 0.46% following the weak consumer spending figures from the January PCE inflation report.
"The consumer has been the economic golden goose, but the inflation report may be a warning signal alongside recent trends in consumer sentiment," said Scott Helfstein, head of investment strategy at GlobalX.
"People are doing okay, but they are increasingly worried about prices with looming tariffs and employment with government layoffs," he added.
S&P 500 Opening Bell Heatmap (Feb. 28, 2025)$SPY flat ⬜$QQQ -0.29%
