The main Wall Street indices ended up On Thursday, April 17, recovering some of the losses of the previous day, but the profits were limited by tariff uncertainty, even when President Donald Trump announced advances in trade negotiations with Japan.
In this context, the Dow Jones index of industrialists dropped 1.33% to 39,142.11 points; The S&P500 won 0.15% to 5,283.50 points and the Nasdaq Composite depreciated 0.13% to 16,286.45 points.
The sinuous road of the shareholding
On Thursday there were more quarterly corporate results to analyze, headed by the large losses of Unitedhealththe largest health insurer in the United States. Their actions fell 22% after they reduced their anticipation of annual benefits anticipating medical costs higher than expected.
Eli Lilly and Company (+14%) announced on the date that its ACHIEVE-1 test for the oral medication LPG-1, orforglipron, reached its main objective in patients with type 2 diabetes. The results of the trial showed a significant reduction of the A1C and weight loss, which are considered competitive against Novo products.
The actions of Blackstone They rose 0.8% since the asset manager announced profits higher than expected for the first quarter, driven by income from the sale of assets in their private and credit capital businesses.
Taiwan semiconductor manufacturing He won 0.3% after the largest chips manufacturer per contract in the world, recorded a 60% increase in his net profits of the first quarter, driven by the growing demand for semiconductors used in artificial intelligence applications.
Hertz Global Holdings expanded its 56% gain with respect to the previous day up 44% since Pershing Square, from Bill Ackman, became the second largest shareholder of the car rental company.
For its part, the actions of ALPHABET INC Class A 1.3% descended after a judicial opinion indicating that the Google company operates an illegal monopoly of digital advertising.
The actions of Trump Media and Technology Group Corp. They rose 11.4% today, after the company asked the United States Stock Exchange and Securities Commission (SEC) to investigate suspicious negotiation activities by the British Coverage Fund Qube Research & Technologies. The company alleges that Qube could be involved in “possible short sales illegal and market handling.”
Jerome Powell, a thorn stuck in Trump’s actions
The president of the Bank of the Federal Reserve of New York, John Williams, expressed his opinion on the current interest rates policystating that it is appropriate and does not require immediate adjustment.
Williams’ statements originate in the midst of high tension on the Fed by President Donald Trump. Today, The Republican president requested the position of Jerome Powell for not cutting the guys quickly enough.
In a publication in Truth Social, Trump said Powell “Interest rates should have dropped, such as the European Central Bank (ECB), a long time ago, but it should certainly cut them now“He added:” Powell’s dismissal can’t get enough! “
Powell’s mandate as president of the Fed ends in May 2026. In his statements today, Williams highlighted the uncertainty surrounding economic forecasts. Anticipates that Economic growth could slow down 1% This year, with a unemployment that would potentially increase to a range of 4.5% to 5% as a consequence of the recent increase in import taxes.
Williams described this scenario as a “deceleration instead of a recession”, pointing out less vigorous growth compared to recent years. The Fed official did not provide specific projections on how much inflation tariffs would contribute, but He acknowledged that price increases are expected.
Commercial negotiations show advances
Beyond the business sector, US President Donald Trump declared “Great advances” in negotiations with Japan in Washingtonwhat generated optimism about the possibility of negotiated agreements between the United States and its main commercial partners on tariffs, thus avoiding a global commercial war.
Japan was the first important commercial partner to negotiate directly with the United States and could be seen as a test case for the many countries that, as reported, seek better conditions for these US tariffs.
The president of the European Commission, Ursula von der Leyen, has indicated that she wants “to give a chance to the negotiations”While Bloomberg reported on Wednesday that China is willing to initiate commercial conversations with the Trump administration, but requires “that the White House shows more respect and slows the derogatory comments about the members of its cabinet.”
In Europe, rates decrease did not reach
In Europe, the bags closed with slight low after the decision of the European Central Bank To cut interest rates for the seventh time in a year, carrying the rate of deposits to 2.25% in an attempt to sustain confidence in the midst of an environment of economic weakening. The paneuropeo index Stoxx 600 0.1%fell, although it closed the week with an accumulated rise of more than 4%, partly due to the impulse of the previous days.
“With inflation finally returning to its goal, the ECB is cautious to relax its policy too soon and put the trajectory at risk,” analysts warned by analysts HSBCwhile highlighting that a more lax monetary policy can face the impact of tariffs and global uncertainty.
In the European corporate level, Hermes 3.2% fell after presenting sales figures below expected, in line with the reported days ago by LVMHwhich adds pressure on the luxury sector. In contrast, Siemens Energy It shot more than 10% after raising its annual guide and reaching its best profit margin since Siemens AG was split. He also stood out Initial Rentakilwhich rose 5% after reporting an organic growth of 2% in the first quarter.
Source: Ambito
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