New York (AP) – American actions are deducted through a fragile day of negotiations following lower than expected reports on the economy on Tuesday. Uncertainty is also still high on what President Donald Trump will announce prices on his “Liberation day” Wednesday.
The S&P 500 fell 0.2% in the morning trade after having almost erased an early 1% drop. The industrial average of Dow Jones fell by 222 points, or 0.5%, at 10:45 a.m., and the NASDAQ composite was 0.1% higher.
Wall Street was particularly trembling Recently, and the momentum was balanced not only day by day but also an hour on time due to the uncertainty about what Trump will do with price – and by how much they will worsen inflation and grind growth For savings.
On the bond market, treasury yields flowed immediately after a report indicates that American manufacturing activities were contracted last month, breaking a growth sequence of two months. A separate report indicated that American employers were doing a little less job openings At the end of February that economists did not expect.
Companies say they already feel the effects of Trump’s trade war, even with the main event potentially on Wednesday, when the president announces a new set of prices.
“Customers attract orders due to anxiety about continuous prices and prices,” said a company of IT products and electronic products at the Institute for Supply Management in its monthly manufacturer’s survey.
“Starting to see more slow than normal sales in Canada, and the concerns of Canadians boycotting American products could become a reality,” said a manufacturer of the food, drinks and tobacco industry in the ISM survey.
The economy is still growing, of course, and the labor market has remained relatively solid even with slightly lower than expected job offers.
But one of the fears that strikes the market is that even if Trump announces less stench price that fearing, the deployment of stopping and starting its commercial strategy can in itself cause us households and companies at freeze their expenseswhich would damage the economy. Trump has put pressure on the prices in part to bring back manufacturing jobs to the United States for other countries.
All the nervousness of the market has helped push the price gold to the files, and he increased again to briefly exceed $ 3,175 per Tuesday morning. This represents less than $ 2,700 at the start of the year.
In Wall Street, Johnson & Johnson lost 4.6% after a United States The judge of the bankruptcy court rejected the company’s settlement plan Linked to baby powder containing talc. This is the third time that the company’s attempt to resolve baby powder regulations thanks to bankruptcy has been rejected by the courts.
The actions of airlines have continued their descents on the concerns that customers feel nervous about the economy and world trade will not fly as much. Delta Air Lines lost 4.3% and United Airlines granted 4.6%.
On the winning side of Wall Street was PVH, which jumped 15.8%. The company behind the Calvin Klein and Tommy Hilfiger brands declared a stronger benefit for the last quarter that analysts did not provide for it. He also declared that she planned to send $ 500 billion to shareholders this year thanks to purchases of her own shares.
In stock markets abroad, the indices increased in a large part of Europe and Asia to recover some of their sharp declines compared to the day before.
In Europe, the German Dax returned 10.9% and the CAC 40 French increased by 0.5% after the president of the European Commission Ursula von der Leyen said that the largest commercial block in the world would not curl US trade requests.
“Europe contains many cards, from trade to technology to the size of our market. But this force is also built on our desire to take firm countermeasures if necessary,” said Von Der Leyen. “All the instruments are on the table.”
In Japan, the Nikkei 225 was held stable while Prime Minister Shigeru Ishiba said he was implore Trump not to impose automotive prices On Japan, a longtime American ally. A Central Bank Survey I found a worsening in the feeling of companies among the major manufacturers.
On the bond market, the yield on the 10 -year treasure fell 4.14% against 4.23% late Monday and around 4.80% in January. This is an important decision for the bond market, and the yields have dropped with concerns about a potentially slowed American economy.
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Commercial editors AP Matt Ott and Elaine Kurtenbach contributed.
