Similarly,
Wall street concerned about customs:
(Washington) The New York Stock Exchange is decreasing on Friday. Furthermore, no longer managing to ignore commercial uncertainties after the new customs duties announced by Donald Trump against Canada. However,
Posted at 10:09 a.m.
Around 9:55 am (East time), the Dow Jones fell 0.68 %, the Nasdaq index by 0.26 %and the enlarged S&P 500 index lost 0.49 %. However,
“It was a week when. Furthermore, to a large extent, the market was able to ignore increasing rhetoric around customs duties,” comments with AFP Art Hogan, by B. Therefore, Riley Wealth Management. Furthermore,
The Nasdaq and the S&P 500 have both made several records at the end in recent days. Similarly,
But. Meanwhile, “he no longer has the ability to do so” after having “reached the threshold of customs pain last night with the announcement concerning Canada”, judges the analyst. Meanwhile,
President Donald Trump again targeted Ottawa on Thursday. imposing 35 % surcharge, one of the highest rates announced since the start of the week, accusing the first trading partner in the United States of having retaliated with his customs duties.
As with each letter sent to more than twenty countries since Monday. the American president said that these customs duties will be added to those aimed at specific activity sectors, such as steel, aluminum or automobile, which are among the main Canadian exports to wall street concerned about customs the United States.
If this news “has slowed down the market a little more than the previous ones”. it is because it “concerns one of the largest trade partners in the United States”, underlines Patrick O’Hare, of Briefing.com.
According to the US trade department. Canadian goods were second-imported products in the United States in 2023, behind those in Mexico in second place. And Canada was the first outlet for exported American products.
The decline in the American square remains contained because “the market continues to consider all this as a lever for negotiation. ” adds the analyst.
On the other hand. “if these higher customs duties are maintained after the 1is August, the market could move on to a higher mode of recalibration with regard to wall street concerned about customs growth prospects, ”anticipates Mr. O’Hare.
On the bond market, the yield of the American loan at ten years was clearly tied at 4.40 %, against 4.35 % the day before at the end.
On the table of values, the manufacturer of Levi Strauss jeans (+8.56 % to $ 21.42) took advantage of quarterly results above expectations. in particular a net profit per share of 22 cents where analysts were tabling on 13 cents. The company also noted its forecasts for the year.
The Strategy company (+2.02 % to 430.28 dollars) larger private Bitcoins holder, took advantage of the record level of the most capitalized of cryptocurrencies. Additionally,
The British oil giant BP gained 2.20 % at $ 32.22, after having announced to expect an increase in wall street concerned about customs production and better performance in refining and oil trade.
The airlines fell, after taking advantage of the good results of Delta Air Lines on Thursday. American Airlines released 2.63 % to 12.60 dollars, United Airlines lost 2.87 % to 89.04 dollars and Delta fell 2.96 % to 55.10 dollars.
Wall street concerned about customs
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