The confrontation between the president of the United States, Donald Trump, And the head of the Federal Reserve, Jerome Powell, added a new voltage focus to markets already shaken by the uncertainty generated by the tariffs imposed by Washington and the commercial escalation with China.
In that context, the NYSE He traced on Tuesday, April 22, recovering the losses of the previous day, before statements by the Secretary of the Treasury, Scott Besentwhich activated the hopes of a possible unwinding in the commercial war between the United States and China.
In this context, the Dow Jones index of Industriales raised a 2.66% to 39,186.98 points; he S&P 500 He won a 2.46% to 5,285.27 points and the Nasdaq Composite one was appreciated 2.71% to the 16,300.42 points.
This decision promoted the recovery of the markets in general after the sales wave of Monday caused by the request of the US president, Donald Trumpof “preventive” cuts of the interest rates by the Federal Reservewarning that, otherwise, the economy would slow down.
The strong fall on Monday occurs in the midst of a turbulent period for shares since Trump’s initial announcement about reciprocal tariffs shook financial markets.
The quarterly are still flowing
Verizon Communications A 0.6% Before statements by the telecommunications giant, that the number of retail telephony clients decreased more than expected, with withdrawing from promotions to attract them and protect their profits.
3M COMPANY A advance 8.5% When the industrial conglomerate reported the results of the first quarter of 2025, which exceeded the expectations of analysts, driven by the organic growth of sales and the improvement of margins.
Halliburton Company They fell a 6.5% Since the oil service provider registered lower profits in the first quarter, given the slowdown in the drilling activity in North America, which stopped the demand for its services and equipment.
Northrop Grumman almost a 13%, After the cut of the aerospace and defense company of its annual profits, in addition to not reaching their estimates from the first quarter, by a wide margin.
Kimberly-Clark A one descended 1.5% After the consumer goods company drastically reduced its annual gains prognosis, warning that generalized commercial tariffs would increase the costs of its supply chain.
GE Aerospacemeanwhile, uploaded a 6%, Since his quarterly profits, better than expected, compensated for the income that barely reached the expectations of Wall Street.
Amazon Inc., With a rise in 3.3%, He recovered some losses of the previous day, when the technological giant announced that part of his investment in new data centers would pause.
Besides, Tesla Inc. (+4.7%), He will publish his last figures after the closure, being the first of the so -called Wall Street seven, in presenting his results this season.
The greatest increases and casualties of the wheel
Among the actions that were most appreciated appear, Galaxi Digital (+19.3%), Clean Spark (+17.4%), Equifax (+13.8%), Calix (+13%) and Mara Holdings (+12.9%).
While the most resigned value found, Northrop Grumman (-13%), RTX Corporation (-9%), Iridium (-7.8%), Herc Holdings (-7.4%) and Halliburton Corporation (-6.5%).
Jerome Powell in the eye of an unpredictable storm
Donald Trump I could be preparing the land to blame Powell of any economic weakness resulting from the president’s tariff policies, according to a recent note of The Wall Street Journal.
If the concerns continue to increase, derived from Trump’s possible dismissal to Powell, nervousness in the financial markets, which already were and shaped by the leaders of the president, will increase, according to the newspaper.
Nevertheless, Paul AshworthChief economist for the US Economics Capitalpredicted that the initial market reaction to a Powell dismissal “may not be adverse, provided Trump quickly designates a relatively qualified replacement.” He added that Powell could be “the first step” of the president to dismantle the independence of the Fed.
“If Trump is determined to cut interest rates, then he will also have to say goodbye to the other six members of the Fed Board, which would trigger a more severe reaction from the market, with the fall of the dollar and the rise of the rates at the long end of the yield curve,” he concluded.
Source: Ambito
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