(Washington) The New York Stock Exchange opened on Thursday, investors disregarding the entry into force of new American customs rights targeting major partners.
Around 10 a.m. (East time), the Dow Jones earned 0.43 %, the NASDAQ 1.07 %index and the enlarged S&P 500 index took 0.64 %.
“New customs duties are taking effect today, but the market has been unaware of them for some time now,” said Steve Sosnick, interactive Brokers with AFP.
These surcharges, implemented since 0:01 (Eastern time), a week after signing the decree by the American president, replace, for the savings concerned, that of 10 % applied since April to most of the products entering the United States.
Their rate is in a large range, between 15 % and 41 %.
Investors are optimistic, believing that “subsequent negotiations should lead to lower customs duties”, notes Patrick O’Hare, briefing.com.
In recent times to Wall Street, “the state of mind is to give a positive turn to all new,” said Steve Sosnick.
Latest example: US President Donald Trump announced on Wednesday that he planned to impose 100 % customs duties on “fleas and semiconductor”.
This seems “certainly terrible at first glance” for a sector whose sales fly away at record levels with the rise of artificial intelligence (IA), notes Steve Sosnick.
“But there are so many exemptions […] Who give the impression that it is ultimately not bad news, ”continues the analyst.
“This is good news for companies that produce in the United States. If you are committed to making here (electronic components) or if you are doing so, you will not pay anything, “Donald Trump said from the White House on Wednesday.
In this context, the sector evolved in green: the Taiwanese giant of TSMC chips leapped by 6.82 %, Texas Instrument took 1.15 %, the Nvidia Mastondonte advanced by 2.20 %, Advanced Micro Devices (AMD) earned 4.68 %.
Intel heckled
In terms of indicators, weekly unemployed registrations increased to 226,000, beyond the expectations of analysts who tabled on 221,000 requests.
On the bond market, the return on American state loans at ten years was practically stable compared to the day before, at 4.22 %.
On the business side, the manufacturer of Intel microprocessors was shunned (-2.29 % to 19.94 dollars) after a call for the resignation of his boss launched by Donald Trump.
“The Director General of Intel faces a serious conflict of interest and must resign immediately. There is no other solution to this problem, “lambasted the American president on Thursday on his Truth Social platform, while Lip-Bu Tan took the head of Intel in mid-March.
The American laboratory Eli Lilly (-14.21 % at 640.31 dollars) plunged despite the publication of better than anticipated results in the second quarter and an increase in its forecasts for the full year.
He also announced new results for his anti-obsity experimental pill, which allowed patients to lose around 12 % of their weight in 72 weeks in a clinical trial.
The Duolingo language learning application (+31.63 % to 452.28 dollars) flew to the announcement of an upward journal of its forecasts for the annual tax fiscal year, carried by the increasing use of IA tools.
