Actions vacillate in Wall Street and keep most of the earnings they have made earlier in the week following the United States and China declared a temporary cease-fire in their trade war.
The S&P 500 was mainly unchanged on Wednesday afternoon. The industrial average of Dow Jones fell 68 points, 0.2% at 2:57 p.m., the East. The Nasdaq increased by 0.6%.
The majority of the actions of the S&P 500 have lost ground, but several major technological actions have helped to counter the losses. Super Micro Computer jumped 16.8% after having signed a partnership agreement with the Saudi company of the DataVolt data center. Advanced Micro Devices jumped 4.3% after announcing a share buyback program of $ 6 billion.
The other big winners included Etoro Group, a retail trading platform for actions and cryptocurrency. He increased by 30.3% on his first day of negotiation.
The market has been relatively stable since its climb 90 -day break in their trade war. The market has won more ground on Tuesday after the government reported that inflation Unexpectedly cooled through the country in April. Additional inflation and retail updates are expected on Thursday.
The S&P 500 reference index, which is at the center, many 401 (K) accounts have erased all of his losses since President Donald Trump intensified his trade war in early April. He has now erased his losses for the year and returned to 4.1% of his high set of all time in February.
“The stock market rally has legs because commercial negotiations with China was apparently the most difficult in the file,” said Rick Gardner, director of investments at RGA Investments.
Trump has delayed a large part of his most serious prices against American trade partners, but certain import taxes remain in place. Uncertainty on the way to go continues to weigh on companies and consumers. Nature in all reference of Trump’s trade policy has left companies unable to plan in advance and nervous consumers about spending.
Companies continue to reduce or withdraw their financial forecasts because they are faced with an unpredictable commercial policy and prudent consumers.
American eagle fell 5.7% after the retailer withdrew his financial prospects for the year citing “macro uncertainty”. General Motors, UPS, Kraft Heinz and Jetblue are among the many companies representing a wide range of industries that have warned against the impact of prices and a weakening economy.
More than 90% of S&P 500 companies have declared profits for their last quarter. The majority of companies have declared better than expected profits, but the growth growth forecasts during the current quarter have been largely reduced for the companies in the index.
The economy has already shown signs of slowing down. It decreased by 0.3% in the first quarter in the midst of an import wave, companies and consumers tried to refuel in the tariffs and the uncertainty of politicians.
Inflation remains a great concern. The latest consumer prices data published on Tuesday showed that prices did not yet have much impact. But that could change as the impact of current prices are spawning a path through supply chains and delayed prices come into force. Inflation has cooled just above the lens of the federal reserve by 2%, but the threat of higher prices on goods due to import taxes increased concerns about warming inflation.
The United States will publish its April report on big inflation on Thursday, which companies pay for goods. Economists expect a relaxation of inflation there.
The last update Thursday for retail sales is expected to reflect a sharp decline to 0.2% in April, against 1.4% the previous month.
The retail giant Walmart will also report its latest financial results on Thursday and its financial forecasts will be closely monitored.
In the bond market, the treasure yields are higher. The yield on the 10 -year treasure increased to 4.52% against 4.47% late Tuesday. The two -year -old treasury yield, which moves more closely with the expectations of the Fed action, increased to 4.04% against 4.00% Tuesday evening.
In stock markets abroad, the indices increased in Asia and were mixed in Europe.
