The three reference indices of the New York Stock Exchange ended in red this Thursday, February 27, since investors They measured the threat of new tariffs and the unthinkable fall of Nvidia, which increased concerns about the margins of the chips manufacturer, which eclipsed the quarterly results and the forecasts of Wall Street.
In this context, The Dow Jones index of industrialists dropped 0.45% to 43,239.50 points; The S&P500 lost 1.59% to 5,861.57 puntos and Nasdaq Composite depreciated 2.78% to 18,544.42 points.
Nvidia’s surprise occupies the center of the stage
Nvidia fell more than 8.5%, which affected the technological sector in general. The semiconductor giant said that their income margins had fallen, due in part to an increase in costs around its new data centers for higher salary packages for their growing workforce.
What happened to some other Wall Street actions?
EBAY’s actions collapsed 7.8% Since the electronic commerce giant provided a weaker income forecast than expected for the first quarter, eclipseing the profits of the fourth quarter that exceeded expectations.
The Salesforce titles fell 3.8% Given the revelations of the software group, of an income forecast that did not reach the estimates of the analysts.
Bath & Body collapsed almost 12% Before the retailer prognosis below the consensus for his first quarter.
C3.ai further than 9% Even when the software company reported quarterly results that exceeded estimates both in income and benefits.
The greatest increases and casualties of the wheel
Among the actions that were most appreciated appear, Oatly (+19.4%), Evertec (+17.3%), Medical Properties (+15.6%), Rolls Royce (+15.3%) and Heico (+15%).
As long as the most resigned value they found AAON (-21.6%), Telephone (-21.5%), VERTEX (-18.9%), Frontdoor (-17.5%) and Playtika (-16.5%).
What Trump said about tariffs
President Trump said his 25% proposed tariffs on the products of Canada and MéxicOr they would come into force on March 4 as scheduled, arguing that medications still enter the US from those countries.
In a publication on its Truth Social platform, Trump also added that China will face an additional 10% surcharge on March 4, which will be added to the 10% tariff that was imposed on February 4.
“We cannot allow this scourge to continue damaging the US. And, therefore, until it stops or limited itself seriously, the proposed tariffs scheduled to enter into force on March 4 will enter into force, as scheduled,” Trump added. “China will also be applied an additional 10% tariff on that date.”
Fed without haste and without pause waiting for 2%
The president of the Cleveland Federal Reserve, Beth Hammacksaid Thursday that It is likely that interest rates remain stable for “some time” until there is evidence that inflation is slowing down towards the 2%target.
“I think that monetary policy has the luxury of being patient while we evaluate the way forward, and this will probably mean stable the federal funds for some time,” and added that although the Central Bank has achieved good progress in the reduction of inflation, “the inflation of 2% is not yet in sight,” Hammack concluded.
The comments echo those of other members of the Federal Reserve, who have also supported an approach to wait and see if there are more feats of fees.
On Wednesday, the president of the Atlanta Federal Reserve, Raphael Bostic, said “that rates must continue to be restrictive to continue exerting the downward pressure on inflation.”
Source: Ambito
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