New York (AP) – American actions derived to a mixed finish on Monday, before the potential lightning points of this week which could bring more Sharp swings For the financial markets.
The S&P 500 increased by 0.1% to expand His victories sequence On a fifth day. The industrial average of Dow Jones added 114 points, or 0.3%, and the Nasdaq composite slipped by 0.1%.
The relative lull in trading offered a respite from sharp historical fluctuations that shaken the markets for weeks, while hope has increased and fell that President Donald Trump could go back On his trade war. Many investors believe that Trump’s prices could cause a recession if they have remained unchanged. When I arrived on Monday, the S&P 500 roughly reduced its drop by half which had taken it Almost 20% below its record set earlier this year.
Mixed trading against influential technological actions before their profits reports this week drew the S&P 500 between the gains and the modest losses for a large part of Monday.
Amazon dropped by 0.7%, Microsoft fell 0.2%, Meta platforms added 0.4%and Apple increased by 0.4%. All are planned to report their last results this week, and these are the most influential companies in Wall Street, because they have become from a distance among the largest in terms of size. This gives their movements an additional weight on the S&P 500 and other indexes.
Apart from Big Tech, Caterpillar leaders, Exxon Mobil and McDonald’s can also offer clues this week on how they see the economic conditions. Several Companies in all sectors have already reduced Their future profit estimates or have drawn their forecasts entirely due to the uncertainty about what will happen with Trump’s prices.
“We have heard more plans to mitigate the pricing impacts than during the previous months and in 2018” of American companies, in particular the pre -order, the change of production and the increase in prices of their own products, according to the Bank of America strategist, Savita Subramanian. But she also declared in a report that she saw “some indications of a break: no hiring / no dismissal, no new projects / no cancellations, etc.”
The fear is that Trump’s prices at Trump scale can push households and businesses to modify their expenses and freeze long -term investment plans because of the speed with which the conditions can change, apparently on time.
All in all, the S&P 500 increased by 3.54 points to 5,528.75. The industrial average of Dow Jones added 114.09 to 40,227.59, and the composite Nasdaq fell from 16.81 to 17,366.13.
So far, economic relationships have mainly seemed to show that the American economy increases, although a lower pace. On Wednesday, economists expect a report to say that the economic growth of the United States has slowed down at an annual rate of 0.8% in the first three months of this year, decreasing compared to a 2.4% pace at the end of last year.
But most of the reports that Wall Street has received so far have focused on data before Trump’s “release day” on April 2, when he announced prices that could affect imports from the countries of the world. This could increase the challenges for upcoming reports on the American labor market, including Friday, which will show how many workers employers hired during the month of April.
Economists expect it to show a slowdown in hiring to 125,000 against 228,000 in March.
The most discordant economic data recently came from surveys showing that American consumers become much more pessimistic about the future of the economy due to prices. The latest reading of the Conference Board on consumer confidence will arrive on Tuesday.
On the bond market, the yields of the treasury fell a little more. They flow largely from a disorder, unusual push higher In reference earlier this month, Wall Street and the US government. This increase suggested that investors worldwide may have losing confidence in the reputation of the US bond market as a safe place to park money.
The yield on the 10 -year treasure fell at 4.21% against 4.29% on Friday evening. It recently fell as a lower than expected reports on the economy, the expectations of the economy among investors that the Federal Reserve will reduce interest rates later this year. Such cuts could justify the economy by facilitating loan and household and expenditure companies.
In stock markets abroad, the indices were mixed in the middle of modest movements through a large part of Europe and Asia. The CAC 40 in Paris increased by 0.5%, but the shares slipped 0.2% in Shanghai.
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The AP screenwriters, Jiang Junzhe and Matt Ott, contributed.
