• Evening Market Recap - Wednesday, 19-Feb

  • Feb 19 2025
  • Length: 7 mins
  • Podcast

Evening Market Recap - Wednesday, 19-Feb

  • Summary

  • US equities were mostly higher in Wednesday trading as stocks finished just off their best levels, with the Dow Jones, S&P500, and Nasdaq closing up 16bps, 24bps, and 7bps respectively. Trump indicated 25% tariffs on autos, chips and pharmaceuticals. January FOMC meeting minutes reiterated that Fed can afford to be patient to assess the economic outlook; however, some officials flagged inflation that remains somewhat elevated. January housing starts missed but December’s revised higher, while building permits beat. Today's $16B 20Y auction tailed.

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