The S&P 500 was down 0.3% in midday trading after erasing the initial leap of 1.3%. Unsetled trading came from its all-time SET set set last month.
Dow Jones Industrial Dysfunction also leaned sharply, between 287 points gains and a loss of 423. Nasdaq was better caught due to the benefits for Nvidia, Tesla and AI related companies.
U.S., pulling the market down due to Trump’s trade war There were companies that could experience pain. Brown-Forman, a company behind Jack Daniel’s whiskey, sank 7%and Harley-Davidson 5.1%.
The US Bourbon and Motorcycles are only two products that the European Union has announced on Wednesday through its own tariff. These steps were in response to Trump’s 25% tariff on steel and aluminum that kicked at the beginning of the day.
“We are very sorry for the move,” said Ursula Von Der Lane, president of the European Union. “Tariff is taxes. It’s bad for business, and bad for consumers.”
The question that hangs on Wall L Street is how much pain will endure the economy through Trump tariffs and other policies to get what Trump wants. He said he wants to produce jobs in the United States along with smaller US government employees, more deportation and other things.
If Trump eventually goes with a lighter tariff than fear, it can be damaged. Tariff -Fine -off F -Aegain Anigoration Barrage Increased Uncertainty from Barrage U.S. Confidence in consumers and businesses has begun. It can pull our own homes and businesses at the expense, which damages the economy.
On Tuesday, for example, Trump said that he would announce a double tariff on Canadian steel and aluminum, just the next day, promised to take a revenge that the Canadian province made Trump angry.
Some U.S. Businesses have said that they have already begun to see a change in behavior between their customers.
Delta Air Lines sinked 9.9% for the sharp decline in the market since the previous day, while the carrier said it was weakening the demand for nearby bookings for its flights.
The General Stores of Iowa -based company Casey, which runs about 2,900 facility stores in 20 states, encourages more. More profits and income have been registered in the recent quarter, expecting analysts for the strength for the sale of hot sandwiches and fuel. It also keeps its forecast for the next income this year.
Casey’s stock rose 3.5%.
The market has the biggest benefit from artificial-intellectual companies. It is a bounce after recently crushed AI stocks by worries that their prices were very strategic in the record of records after the record in recent years.
NVIDAAAAAAAAAA has risen 5.1% to 14.9% to eliminate the damage so far. Server-maker Super Micro Computer rally of 2.5%, and G. Vernova, which is helping AI data centers, increased 3.3%.
Elon Musk’s Tesla, which was priced at half from mid-December, was moving towards its first back-to-back gain a month. Added 6%.
In the stock markets abroad, most of Europe has increased in Europe after a mixed session in Asia.
In the bond market, Treasury Yields emerged to regain their further losses over the recent months, arising from concerns about the strength of the US economy. The 10 -year treasury has risen 2.28% at the end of Tuesday and 4.16% at the beginning of last week to 4.30%.
Wednesday’s inflation report when there is concern that Trump’s tariffs may also run prices for US homes, as the US Importers spend their customers.
It is also helpful to the Federal Reserve, which was reducing interest rates last year, partly to accelerate the economy to prevent this year. Due to concerns about stubborn high inflation.
Concerns about the worst situation for the economy and the Fed were increasing, one where economic growth was stable but inflation was high. The Fed has no good tool to fix such “stagflation” because low interest rates can push inflation more.
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