The Thursday session at Wall Street ended with a predominance of falls in the main indexes, and Dow Jones lost almost 530 points. And he extended the relegation series to three days. Investors are again worried about the topic of customs tariffs.
Dow Jones Industrial at the closure fell by 1.33 percent, i.e. by 527.16 points, to 39,669.39 points S&P 500 at the end of the day increased by 0.13 percent and amounted to 5,282.70 points Nasdaq Composite lowered by 0.13 percent Up to 16,286.45 points The index of companies with medium capitalization Russell 2000 is growing by 0.92 percent. and is 1,880.62 points The VIX index drops by 9.16 percent, to 29.65 points
On Good Friday, American stock exchanges will be closed. Dow and Nasdaq lost over 2 percent From the beginning of the week, while the S&P 500 fell by 1.5 percent.
Nvidia fell by almost 3 percent. on Thursday, continuing the declines from the previous session. On Tuesday, a favorite of artificial intelligence revealed a quarterly cost of around $ 5.5 billion related to the export of his H20 graphic processors, or GPU, to China and other destinations due to export control in the USA.
While Unitedhealth and Nvidia burdened the market, other known actions provided upward impetus. Eli Lilly increased by 14 percent After providing positive results of the scholar tablet. Unitedhealth values were overestimated by as much as 22%, which resulted in a decrease in the entire industrial average Dow Jones.
President Donald Trump said he was expecting trade agreements with China and the European Union. It happened a day after the chairman of the Federal Reserve Jerome Powell scared investors, saying that Trump's tariff policy could increase inflation in a short period and cause challenges for the central bank.
Investors are in a state of readiness, since Trump first announced his plan of “mutual” tariffs – from which he later withdrew – on April 2. Since then, the S&P 500 index has dropped by almost 7 percent. Dow and Nasdaq lost over 7 percent during this period
– It is a market that awaits and is looking for a direction – said Rob Haworth, a senior investment strategist at the US Bank Wealth Management. – Now it's more about waiting to see what will happen to these trade agreements – he added.
On Thursday, the European Central Bank for the seventh time from June cut off interest rates, by 25 PB, justifying the decision with tensions in global trade, which threatens the economic growth of the euro area.
In the USA, President Donald Trump once again called on the head of the federal reserve to lower interest rates – he pointed out to him in this matter in relation to the ECB and assessed that his inflation report is erroneous in the light of falling oil and food prices and “enriching the US on duties.”
The number of new building permits issued in the USA in March (future activity indicator in this sector) amounted to an immersion (Saar) (Saar) (Saar) 1.482 million against 1.459 million in the previous month. Analysts expected that the number of new houses issued for houses would be 1,450 million. In MDM, the indicator increased by 1.6 percent. against -1.0 percent last month. Analysts forecasted MDM -0.6 percent
The number of investments started in the construction of residential houses in the US in March amounted to 1.324 million in immersion (Saar). A month earlier, this indicator was 1.49 million, after a correction with 1.501 million. Analysts expected that the number of new investments started would amount to 1.420 million. In MDM, the indicator fell by 11.4 percent. towards +9.8 percent In the previous month, after correction with +11.2 percent Analysts forecasted MDM -5.4 percent
The number of people applying for the unemployment benefit for the first time last week in the US amounted to 215,000. Economists expected that the number of new unemployed would amount to 225,000. against 224 thousand previously.
The number of unemployed continuing benefit was 1.885 million a week, which ended on April 5. Analysts expected 1.870 million against previously recorded 1.844 million, after a correction from 1.850 million.
On the oil market, contracts for WTI on May increase by 3.01 percent. up to USD 64.34 per barrel, and June Futures on Brentures grow by 2.72 percent. up to 67.64 USD/B. (PAP Biznes)
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