Customs conflict without end
US exchanges slip even deeper
No breath, on the contrary: the US stock marketers are extremely concerned about the increasing customs conflict, and they react accordingly.
The US stock markets broke off their attempt to relax from the early trade on Tuesday and slipped significantly into the minus. The reason for this was the customs package of the United States against almost all countries in a few hours, without relaxing in the global conflict of trade.
Indices release profits again
The Dow Jones Industrial lost its profit from the early trade of almost 4 percent and turned into the minus in late business. Ultimately, the US feature index lost 0.84 percent to a stand of 37,645.59 points.
The other important stock market barometers were similar: the market width S&P 500 Castle 1.57 percent lower at 4,982.77 points. The Nasdaq 100 dominated by the large technology stocks in the end lost 1.95 percent to 17,090.40 points.
The White House concluded again that the higher taxes could be exposed. US President Donald Trump does not think of an extension or delay in the tariffs, said a government spokeswoman. They should therefore come into force on Wednesday night at 0:01 a.m. local time (6.01 CEST). This also applies to special tariffs against China, which would then be 104 percent.
US President Donald Trump wants to take China another 50 percent with additional tariffs if Beijing does not withdraw the announced counter tariffs of 34 percent. China had signaled until the end not to want to give in. The EU Commission advises on countermeasures on the new US tariffs.
The shares of health insurers stood out positively on Tuesday with clear price gains. State US health insurance had surprisingly significantly increased the reimbursement rates for the Medicare insurance plans operated by the companies. Unitedhealth won 5.4 percent on the Dow tip. Humana increased by 10.7 percent. For CVS, it went up 5.9 percent.
Boeing’s share certificates won 0.4 percent. The aviation group delivered 130 aircraft to its customers in the first quarter – 83 more than in the same period of the previous year. In the spring of 2024, quality problems slowed down.
The “glorious seven”, the seven most important US tech companies, were unable to keep their sometimes very strong price gains from the early business and all closed. Amazon, Meta, Nvidia, Alphabet, Microsoft, Apple and Tesla recorded course discounts between 0.7 and 5.0 percent.
Marvell Technology’s share certificates lost 1.9 percent. The German chip manufacturer Infineon wants to buy the automotive Ethernet business of the company working in the area of semiconductor technology.
dpa
Source: Stern
