U.S. Stocks Mixed as Fed Signals Slowing Growth Palantir and Tesla Shares Surge

On March 21, 2025, the U.S. stock market saw modest gains with the S&P 500 Index rising 0.08%, the Dow Jones Industrial Average increasing 0.08%, and the Nasdaq Composite Index surging 0.52%. Meanwhile, Federal Reserve Bank of New York President John Williams suggested that GDP growth will slow this year compared to 2024, citing increased economic uncertainty and a complex policy path for the Fed. Williams noted that the current monetary policy remains suitable given the solid job market and above-target inflation, implying cautious decision-making ahead.

Based on the day's market performance, the technology, non-essential consumer goods, and communication services sectors outperformed the S&P 500. Notably, the communication services sector showed exceptional performance. Conversely, the utilities, healthcare, essential consumer goods, energy, materials, industrial, real estate, and financial sectors moved in the opposite direction of the S&P 500.

Palantir Technologies Inc. shares rose 4.09% today, driven by the company securing a multi-million dollar government contract. This significant deal is expected to boost Palantir's revenue prospects, providing a positive outlook for investors. Tesla Inc. shares climbed 5.27% today, as CEO Elon Musk encouraged employees to retain their stock, driving investor confidence and share prices higher.

Singularity Future surged over 143%, driven by a strong buy signal from the 3-month Moving Average Convergence Divergence (MACD). Impact BioMedical also saw a significant rise of nearly 138%, fueled by recent partnerships with leading pharmaceutical companies that have sparked investor interest. Meanwhile, LQR House faced a substantial drop of over 82%, as the company grapples with significant operational challenges that have eroded investor confidence. Damon experienced a sharp decline of over 70%.

Nike's market value fell below $100 billion as shares slumped 8.1%. U.S. stocks opened lower, with the Dow down 0.45%, S&P 500 down 0.76%, and Nasdaq down 0.99%. Fed's Williams mentioned that the economy is experiencing uncertainty, with growth expected to slow partly due to lower immigration. The U.S. 10-year Treasury yield saw an intraday decline of 1.01%, standing at 4.212%.