Wall Street extended profits after a key economic data and tariff mode

In this context, the Dow Jones index of industrialists rose 0.01% to 42,587.50 points; The S&P500 won 0.16% to 5,776.65 points and Nasdaq Composite showed 0.46% to 18,271.26 points

Consumer confidence falls at its lowest level since the beginning of 2021

The Conference Board consumer trusted index fell to 92.9 points, from an upward reading of 100.1 the previous month, amid the concern for a deceleration induced by tariffs. “Today’s data reinforces the idea that the economy cooled with respect to the vertiginous growth rate, driven by the consumption of the last 18 months,” said Jefferies Investment Bank in a note.

The signals of an economic cooling occur a few days before the publication of a key inflation reading at the end of this week. The PCE price index, the inflation indicator preferred by the Federal Reserve, will be published on Friday. It is expected that the basic PCE data has been maintained above the 2% objective of the Fed in February. Previously, a revised reading of the GDP of the fourth quarter will be published on Thursday, while housing price and sales data will be announced on Wednesday.

Wall Street: The outstanding actions of the day

In the corporate sector, the actions of Tesla They rose 2.9%, even later, that reports showed that European sales fell more than 40% in February, due to the hard competition of the electric car manufacturer and the growing indignation for the political activities of its executive director, Elon Musk.

Crowdstrike Holdings Inc It rose 3% before the decision of BTIG (financial services) that will raise the recommendation of its actions from “neutral” to “buy”, claiming optimism for the improvement of visibility after the interruption of the computer system eight months ago.

The actions of Tenon Medical Inc They shot 283% after the announcement of the US Food and Medicines Administration (FDA) that approved an expanded indication for its articulation fusion system if catamaran. The device, previously used only to treat disorders of the sacroiliac articulation (like this), is now also suitable for increasing the toracolumbar fusion, which potentially opens a new market segment.

Crown Castle International They yielded 4% when the company announced an immediate change in its leadership, with the appointment of Dan Schlanger as an interim Executive Director (CEO). The sudden dismissal of Steven Moskowitz as president and CEO led the board of directors to start the search for a new permanent CEO. This measure is produced in the middle of the company’s current transition to focus exclusively on its Torres business in the United States.

The actions of the main fertilizer producers Mosaic, CF Industries and Nutrien They descended sharply in the operations, Mosaic lost 1.6%, CF Industries 2.6%and nurtures 4.4%. The downward movement occurred after a report that indicates that the United States will help to restore Russia’s access to global markets for agricultural and fertilizer exports.

Among the actions that were most appreciated, Mobileye (+8.7%), Trump Media (+8.6%), Enerpac (+7.6%), Sandstorm Gold (+7.3%) and Banco BBVA Arg (+6.7%).

While the most resigned value found, microalgo (-16.6%), Unifirs (-13.3%), King Ficer (-12%), Immunovant (-9%) and Oklo (-8.8%)

Possible recession in the US: poor prognosis for small capitalization shares

A possible recession in the United States forecasts a negative perspective for small capitalization actions, With investors, discounting a “strong fall”, according to analysts of Jefferies Bank for investing a note to their clients, the analysts pointed out that small and medium capitalization actions fought and struggle to “win traction”, with fears about a possible slowdown in the most widespread economy by promoting volatility. Previous winners, these values ​​”fell out of favor during the next six to seven quarters.”

A US dollar in descent and possible falls in benefits do not provide an optimistic panorama For this trend, they added. The actions of small capitalization were around historical maximums after the electoral victory of US President Donald Trump in November, but the ascent has been cooled since then.

The Russell 2000 index, which follows the shares of small capitalization, decreased more than 4% so far this year. Concerns about Trump administration tariff plans increased since they could increase inflationary pressures and ballast growth, trends that might impact small capitalization with more limited financial resources, which are particularly sensitive to periods of economic discomfort.

However, Jefferies analysts said they do not see a recession as their “base” hypothesis, noting that companies still have “access to capital.” Even so, analysts recommended that investors “stay away” from “actions with impulse.”