The main indices of Wall Street They upload this Wednesday, waiting for the announcement of the generalized tariffs of the president of the United States, Donald Trumpin what cataloged like the “United States Liberation Day”. Investors continue with the focus on the possible impact of taxes on the world economy, corporate profits and inflation.
In that context, the Dow Jones Industrial Average A scalled a 0.6% to 42,225.33 units; he S&P 500 index A advance 0.7% to 5,670.97 units; and the Nasdaq Composite won 0.9% to 17,601.05 units. He Russell 2000nationally, he climbed a 1.6%.
Donald Trump’s tariff plans
President Trump will implement reciprocal tariffs to a wide range of commercial partners from April 2, and the measures will immediately enter into force.
Trump is expected to add new tariffs that immediately enter into force, adding to the levies already imposed on aluminum, steel and cars, together with the increase in rates to products from China, which have shaken the markets for fear of a commercial war that triggers a strong world economic deceleration.
However, uncertainty about the specific scope and retaliation measures of affected countries keep investors in suspense.
The head of the European Central Bank, Chirstine LagardeHe said that tariffs will be negative for everyone and that the damage will depend on how far they arrive, how long they last and if they lead to successful negotiations.
Wall Street attentive to key work data
Although the uncertainty around tariffs tarnished the economic perspectives of the USA. The labor market continued to show strength before the non -agricultural payroll report of March, which will be published on Friday.
The National Employment Report showed on Wednesday that private payrolls increased by 155,000 jobs last month, after a revised increased 84,000 increase in February.
This contrasted with the report of the Employment and Rotation Offers Survey (Jolts) of February, published on Tuesday, which revealed a slight decrease in vacancies, which suggests a gradual cooling of the labor market in the midst of the growing economic uncertainty.
Wall Street analysts prepare for greater volatility that would aggravate the fall of the S&P 500
With the S&P 500 Under pressure, the negotiation tables of important signatures, such as Goldman Sachs and Bank of Americathey foresee new falls in the reference index, according to Bloomberg
Goldman Sachs He declared in a March 28 report that “the bearish signals are intensifying in the market and the customer base,” and added that the volatility planned for this week could rival the levels observed during the US presidential elections.
The analysts of JP Morgan They expressed similar concerns, citing political uncertainty and broader economic risks associated with the imposition of new tariffs.
The global director of tactical strategies of variable income of Barclays, Alexander AltmannHe indicated that the main concern is how much ambiguity will leave Trump’s announcement in commercial policy.
“Uncertainty kills everything in the markets,” said the strategist, warning of possible impacts on corporate spending, investment decisions and consumer confidence.
The S&P 500 has already fallen 8.3% since its maximum of February 19, and analysts have reviewed their forecasts.
The Bank of America strategist, John Tully, indicated that the index could fall below 5,500 points, while UBS analysts showed a possible fall to 5,400 if the White House imposes a 20%tariff.
“There is a wide range of results with a strong upward trend in both directions,” wrote Michael Romano, director of sales of Variable Income of UBS coverage funds, to its customers, emphasizing the concern for the extreme risks of fall in the market.
Trump’s tariff announcement is scheduled for Wednesday afternoon/night. Wall Street strategists warn that the reaction could be fast and severe, destabilizing even more a market in itself fragile.
Source: Ambito
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