The NYSE He fell again on Thursday, March 13, since the growing concern for another tariff offensive continued to deteriorate confidence, counteracting the new inflation deceleration signs.
In this context, the Dow Jones index of industrialists dropped 1.30% to 40,813.57 points; The S&P500 lost 1.39% to 5,521.52 points and the Nasdaq Composite depreciated 1.96% to 17,303.01 points
USA: Producer prices slow down more than expected
Producer prices in the USThey used a slower annualized rate than expected in Februarywhile the indicator suddenly remained without intermennsual changes, according to data that will probably influence the opinion of the Federal Reserve on inflation at a time of greater uncertainty about Donald Trump’s commercial policy.
The report is published after Wednesday data that show that consumer prices increased at a lower pace than expected last month, which relieves concern for a new rebound in inflation.
Another batch of new tariffs further exacerbate fears
He President Donald Trump threatened to impose 200 % tariffs on alcoholic beverage imports of the European Union, in response to the reprisal measures of the block against its levies to steel and aluminum.
The next turn in the tariff saga could occur on Thursday, when the Secretary of Commerce, Howard Lutnick, and the American commercial representative, Jamieson Greer, meet Doug Ford, prime minister of the Canadian province of Ontario, are expected to be expected.
Ford said that the three will discuss the renewal of the commercial agreement between the United States, Mexico and Canada, signed during Trump’s first mandate. The meeting will occur after the United States allowed Entry into force on Wednesday of expanded and generalized tariffs of 25% on steel and aluminum.
What happened to some of the Wall Street actions?
Intel rose more than 14% after the chip manufacturerS Announce the appointment of Lip-Bu as its next executive director.
The appointment, which will enter into force on March 18, occurs three months after the departure of the former executive director Pat Gelsinger, who supervised an expensive, but finally failed, effort to restructure the business.
Adobe Systems incorporated fell more than 13.9% Before the weak fiscal forecasts of the company for the second quarter, which counteracted the results of the first quarter, better than expected.
Sentinelone Inc also disappointed in the results scenario, after presenting forecasts for the first quarter that did not comply with the estimates, which caused a fall of more than 4% in their actions.
Nvidia Corporation actions decreased 0.14%, Although the company has been associated with Microsoft Corporation to introduce compatibility with neuronal shading in the preliminary presentation of Microsoft Directx planned for April.
It should be noted that neuronal shading is a revolutionary advance in graphics programmingsince it combines artificial intelligence with traditional rendering techniques (process of creating a digital image or video from a 3D or 2D model).
Wall Street: The actions that uploaded the most and went down the wheel
Among the actions that were most appreciated, Intel (+14%), First Quantum (+13.3%), Fabrinet (+10.4%), Capri Holdings (+8%) and First Majestic Silver (+8.1%).
While the most resigned value found, UIPATH (-15%) Adobe (-13.9%), RH (-11.3%), Group Automotive (-10.1%) and Oscar Health (-9.4%)
Oracle and attending Tiktok operations under a new agreement
Oracle (-2.2%) is emerging as an outstanding candidate to attend Tiktok management as part of an agreement that President Donald Trump is negotiating. This agreement seeks to comply with last year’s law required by divestment or prohibition, according to The Information, citing investors, bankers and former executives familiar with Bytedance, owner of Tiktok. The Directorate of Bytedance has shown his preference for Oracle, and President Trump has also expressed his support for Oracle to assume a vital role.
Simultaneously, Bytedonce leaders seek to keep an active role in Tiktok operationsregardless of whether American companies acquire a participation in Tiktok US, this position could hinder the ambitions of several US bidders interested in acquiring Tiktok control.
According to reports, Bytedonce is optimistic about the approval of President Trump of an agreement based on the framework of the Texas Project. It is a multimillionaire initiative established between Tiktok and Oracle in recent years. “Within the framework of this project, Tiktok stores the data of US users on Oracle servers and allows Oracle to review the algorithm source code that determines what users see in the application.”
Source: Ambito
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