Trump’s teams hit their trade war, Wall Street, which closes the week with strong losses
Economic uncertainty in the United States before the trade war launched by the constant threats of the US President’s definitions, Donald Trumpand Wall Street closed again with losses this week. To the bell touch, Industrial Dow Jones, The main indicator of the bag, lost 715 points (1.69 %), until it reaches 41,583 units; he S & P 500 selective Offering 1.97 %, to 5,580 correct numbers, and Technology NASDAQ has decreased 2.70 %, up to 17322 points.
New York Parquet started the week in green, which was moved by Trump’s announcement that there will be exemptions in the mutual definitions that will enter into force on April 2, but the fear of a possible stagnation and The new fees from the Republic for the auto sector They ended up in the three main indexes.
In that A weekly account0.96 %, S&P 500 1.53 % and Nasdaq 2.59 %. The Republican leader announced on Wednesday that on April 2, 25 % will come into effect on all cars that were not manufactured in the United States.
The engine collapses with new tariffs
These definitions will not affect the imported vehicles mainly from Europe and Asia, but also the components of neighbors in Canada and Mexico are estimated for the final gathering in the United States.
Companies Car sector They have recorded losses since then and today they were one of the most affected: Stelantis lost 4 %, GM supported 1 % Ford also fell 4 %.
According to analysts, the customs tariff for this sector can increase the prices of vehicles sold in The United States is between $ 4000 and 15,000 dollars per unit.
Meanwhile, the stock market was also weight by publishing an index Personal consumption expenses prices (PCE, in English) in the United States, which closed February 2.5 % on a year.
PCE, key Federal Reserve (Fed) in its decisions on interest ratesLast month, it was registered a similar fact until January, as stated by the Economic Statistics Office (Bea).
On the other hand, technological measures also suffered from remarkable losses: Alphabet, Google Matrix decreased by 4.8 %, identified 4.2 %, Microsoft 3 % and Amazon 4 %.
Among the DOW 30 quotes, it was the most affected, regardless of Amazon, Nike (-3.81 %), while the highest profits for Merck & Co (1.86 %) and AMGEN (0.39 %) were.
By sectors, the day ended in Al -Akhdar after that public services (0.076 %), while the largest losses were for communication (-3.8 %) and unnecessary goods (-3.27 %).
