Wall Street falls on prospect of higher tariffs from Donald Trump

Wall Street falls on prospect of higher tariffs from Donald Trump

Donald Trump could declare a national economic emergency to carry out his policy of increasing tariffs.

The NYSE opened lower on Wednesday after data from private employment in USA and press reports according to which Donald Trump could declare a national economic emergency to carry out his policy of increasing tariffs.

He Dow Jones gave up a modest 0.08%, the technological Nasdaq 0.17% and the S&P 500 lost 0.14%.

Private sector companies in the United States created fewer jobs than expected in December, according to the joint monthly ADP/Stanford Lab survey released Wednesday.

Last month 122,000 were created jobs at the private level, according to the study. Analysts expected the creation of 131,000 jobs, according to the consensus collected by the specialized site Briefing.com.

Private employment figures are considered a more or less reliable barometer of official figures for the entire economywhich will be released on Friday.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts