US actions are beaten by Trump’s decision to impose generalized tariffs on all imports. But at the beginning of the day, false news triggered the purchase orders and the Wall Street indexes came to climb strong, and then erased that rise.
Wall Street travels a day of high volatility by various rumors around the global trade war. Specifically, one hour after the start of operations on Monday, US shares They went from strong falls to quote with important increases in minutes, and then return to the negative trend. What caused that steep change of trend?
At one point in the morning, the actions suddenly changed course and went up after a report that The president of the United States, Donald Trump, was considering a 90 -day pause in tariffs. But White House officials quickly denied the news, sending the market back to red numbers.
The CNBC, which had summoned the economic advisor of the White House Kevin Hasters about that pause, reported after the denials of the White House.
“There are information that the White House is not confirming the idea of a pause. They are only rumors that are affecting the prices of actions, and this serious is the situation,” Robert Pavlik, Dakota Wealth Wallet Manager, said.
US actions have been beaten by Trump’s plans to impose generalized tariffs on all imports in the United States, as well as more levies to some of its main commercial partners.
The S&P 500 fell by 20% intradic from its historical maximum of February closure. If it ends with a decrease of 20% from its historical closing record, it would be confirmed that it has been in a bearish market since February. The Dow Jones has lost almost 17% since its December historical maximum.
The three indices were at least more than a year.
Trump announced strong tariffs against the United States commercial partners last week, which caused reprisals from China and fed the concern that the commercial war prevents economic growth and enlivens inflationary pressures.
In the two sessions after the decision, the S&P 500 has collapsed 10.5%, erasing almost 5 billion dollars in market value, marking its most significant loss in two days since March 2020.
Source: Ambito
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