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Author: Admin | 2025-04-28
Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now Updated Tue, Feb 25, 2025, 2:01 PM 2 min read In This Article: US stocks closed mixed on Tuesday as President Donald Trump's revived tariff threats and potential toughening of China curbs weighed on market optimism while new data signaled fears over future economic growth. Consumer confidence plummeted in February, notching its biggest monthly decline in nearly four years as 12-month inflation expectations jumped and recession fears escalated. The tech-heavy Nasdaq Composite (^IXIC) finished the volatile trading day down around 1.3%, dragged down by shares of Magnificent Seven players like Nvidia (NVDA) and Tesla (TSLA). The benchmark S&P 500 (^GSPC) dropped roughly 0.4%, while the Dow Jones Industrial Average (^DJI) reversed earlier session declines to end the day in the green, up about 0.4%. Some of the biggest market moves also came from the cryptocurrency space, where the price of bitcoin (BTC-USD) tumbled below $90,000 for the first time since November. Bitcoin touched a low closer to $86,000 in the early morning hours, its lowest level since early November. Prices stabilized to just around $88,000 at the market close. Meanwhile, the price of ether (ETH-USD), the world's second-largest cryptocurrency, fell around 6% to just over $2,500, bouncing off of its session lows. Crypto-related stocks, including Coinbase (COIN) and Strategy (MSTR), were also under pressure throughout the trading day. DJI - Delayed Quote USD (^DJI) At close: February 27 at 4:52:03 PM EST ^DJI ^GSPC ^IXIC Trump's signal
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