The Monday session at Wall Sreet brought volatility, but ended with the growth of the main indexes. Investors' attention was included in technology companies after recent reports on exclusion from American duties. Apple's share price went up 2.2 percent, and Della 4 percent
Dow Jones Industrial at the closure increased by 0.78 percent, to 40,524.79 points.
S&P 500 at the end of the day increased by 0.79 percent and amounted to 5.405.97 points
Nasdaq Composite increased by 0.64 percent Up to 16,831.48 points
The index of companies with the average capitalization of Russell 2000 gains 1.23 percent. and is 1,883.01 points
The VIX index drops by 17.68 percent, to 30.92 points
Investors evaluate the last news about the US trade policy. After Saturday reports that the US will remove smartphones, computers and other technological devices and components from the list of mutual duties, on Sunday US Secretary of Trade H. Lutnick announced that the abovementioned However, the products will be saved together with semiconductors for about a month to two.
The information was later confirmed by the US representative for trade (Ustr) J. Greer, who indicated that the mentioned products were transferred to the category of customs duties. with national security from the category of mutual tariffs.
In total, about 20 articles of electronics and technologies have been excluded from customs, which are produced outside the United States, including smartphones, computers, semiconductors, solar panels and LCD screens. They constitute the largest part of goods imported to the USA from China in terms of value.
“The market believes that the administration probably withdraws from the most extreme tariff proposal. This is very good news,” said Jed Ellerbroek, a portfolio managing at Argent Capital Management.
“Usable electronics is one of the largest components of complete imports from China to the USA and this decision will significantly alleviate the negative impact of duties on companies such as Apple. However, this is unlikely to help restore investors' trust, and anxiety in the markets from last week about trust in the US and dollar's tax bond market will probably persist,” said derek Halpenny from Mufg.
“Some will certainly interpret a 1-2-month break as something positive and there will be strong expectations that the US administration will not take action. Nevertheless, the president sent commercial hawks to control the message, and this is negative for the market,” said Michael O'Rourke, the main market strategist in Jonestrading.
Goldman strategists warned that the liquidity on Wall Street deteriorated, which contributed to the increase in variability. Strategist Morgan Stanley Mike Wilson reduced his estimates of the profits of companies from the S&P 500 index at 2025 to USD 257 from USD 271.
The Citi Scott Chronert strategist reduced its forecast for the target level for S&P 500 at the end of the year to 5,800 points. from 6,500 points, due to the weaker forecast of profit growth, because the tariffs darken global capital and macroeconomic perspectives.
Apple shares increased on Monday by 2.2 percent. The Della course went up 4 percent.
NVIDIA shares lost 0.2 percent, and the finishing papers got on 2.2 percent.
They gained actions of the automotive sector after President Trump said that he was considering some changes in tariff policy to bring benefits to car manufacturers. General Motors shares increased 3.5 percent, and the Ford exchange rate went up 4.1 percent.
The Goldman Sachs exchange rate increased 1.9 percent The profit for the bank's shares in the fourth quarter amounted to USD 14.12. The market expected USD 12.31.
The quarterly results of American corporations will still be in the attention center, and Johnson & Johnson and Netflix will present their reports at the end of this week.
Christopher Waller, a member of the Federal Reserve Governors, said on Monday that inflation caused by Trump's tariffs would probably be temporary and indicated that interest rate reductions are still on the table.
On the oil market, contracts for WTI on May increase by 0.29 percent. up to USD 61.68 per barrel, and June Futures on Brentures grow by 0.39 percent. up to 65.01 USD/B. (PAP Biznes)
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