Wall Street collapsed dragged by a lousy day of technology

Wall Street collapsed dragged by a lousy day of technology

The NYSE It fell this Wednesday, March 26, 2025, weighed down by technological actions, given investors’ concerns about the impact of commercial tariffs. In this context, The Dow Jones index of industrialists dropped 0.31% to 42,454.79 points; The S&P500 lost 1.12% to 5,712.20 points and the Nasdaq Composite depreciated 2.04% to 17,899.02 points.

Two technology in the slide

Technology dragged the market in general, with Nvidia Corporation (-6%) AND TESLA INC (-6%) Leading sales, since tariff uncertainty continued to affect confidence. Nvidia was also harmed before the restlessness for Chinese demand, when the Financial Times warned “that the new standards of energy efficiency of Beijing could prevent Chinese companies from buying the best-selling processors of NVIDIA.” The fall of Tesla occurred after five consecutive days of profits after the general meeting of the CEO Elon Musk, which reassured investors.

Wall Street: The outstanding actions of the day

Chewy He traced 2% since the pet food company announced basic income in the fourth quarter, which exceeded the expectations of analysts, driven by a solid rebound in demand. Dollar Tree He climbed more than 4% in the results of the fourth quarter results than expected and mention of plans to sell his family family.

Paychex He climbed 4% despite the fact that the payroll service slightly breached Wall Street estimates on the revenue of the third quarter, since companies in general cut the expense in human capital management services, amid economic uncertainty.

Biotherapeutics Inc It descended 10.5% despite the positive statements of HC Wainwright, Edward White, since this reiterated a purchase rating and an objective price of US $ 20 for the health company. Artiva is currently focusing its efforts on the development of Allonk, an alogenic NK cell and ready to use, aimed at treating autoimmune diseases.

Corp tapes It rose around 6.2% on Wednesday after its annual forecast of benefits and income and the results of the third quarter above the expectations of analysts.

Gamestop He advanced 11.2%, after the company’s announcement that Bitcoin will add to its treasure reserve assets, together with the publication of a strong increase in its quarterly benefits. The company noted that its board of directors unanimously approved the decision to invest a part of its cash, future debt or capital emissions in Bitcoin, although it has not established the maximum amount that it could acquire.

The greatest increases and casualties of the wheel: eIn the actions that were most appreciated, Worthington (+23.8%), Enn Energy (+12.3%), Gamestop (+11.2%), BRP (+7.3%) and tapes (+6.2%). As long (-11.1%), Veriv (-11.1%) and Aurora Innovation (-11%).

The concern for tariffs grows

President Donald Trump could Impose new tariffs on cars imports today, As reported by a White House spokesman. The announcement occurs before the deadline of April 2 imposed by Trump for the application of reciprocal tariff measures. For his part, the president declared Greg Kelly, from Newsmax, in an interview on Tuesday night that he did not want to “exceed the exceptions” to his next taxes, which, as he has previously threatened, could match foreign tariffs applied to US products. “I will probably be more indulgent than reciprocal, because if it weren’t, it would be very hard for people,” said Trump.

Taiwan Semiconductor manufacturing (TSMC) in the storm eye

He Chinese Government accused Taiwanese authorities on Wednesday of “delivering semiconductor manufacturing Company (TSMC) on tray” Taiwan, TSMC), The world’s largest chips manufacturer, to the United States, where the company announced investment and expansion plans for US $ 100,000 million. The director of the Taiwan Affairs Office of the State Council (Chinese Executive) Chenhua lamented that “TSMC has become a piece of juicy meat on the cutting table, ready to be torn apart”, according to statements collected by the state chain CCT and released by agency Epes

According to Chen, TSMC is becoming “an American company”something that, in his opinion, is a sign that the Progressive Democratic Party (PDP, which governs Taiwan) “only has partisan selfishness in mind and does not care about the well -being of the Taiwanese compatriots or for the interests of the industrial sector.” Taiwan “will not only lose jobs, but also future development opportunities.” The spokesman blamed William Lai, Taiwanese president, “selling to Taiwan” and exercising “abuse of power.”

TSMC controls around 90 % of the global manufacturing market of advanced semiconductors, essential for US companies such as NVIDIA or Apple and technologies such as artificial intelligence.

Source: Ambito

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