Wall Street advanced this Friday, April 25, after the quarterly results of Alphabet, better than expected. However, the American variable income was affected on the date, when an interview with the US president was published Donald Trump In Time magazine, where the president said that It would consider a “total victory” if the United States imposes high tariffs from 20% to 50% to foreign countries within a year.
In this context, The Dow Jones index of industrialists rose 0.05% to 40,113.50 points; The S&P500 won 0.71% to 5,523.52 points and Nasdaq Composite showed 1.26% to 17,382.94 points
Trump suggests that there will be no changes in high tariffs, consumer confidence fell
The expectations that negotiations reduce tariffs in the near future, especially between the United States and China, They promoted a certain recovery of the feeling of risk in the second half of the week. Trust was driven after a report that indicated that China is considering exempting some US products from their high retaliation tariffs and is asking companies to identify the products that could be eligible.
Reuters said that a working group from the Ministry of Commerce of China is preparing a list of articles that could be exempt and is asking companies that submit their own requests.
Investors had been encouraged by the indications that the administration of US President Donald Trump could be softening his position towards Beijing. Trump has made China a central objective of its aggressive tariff agenda, raising the levies to the second largest economy in the world up to at least 145 %.
As for the economic agenda, the final reading of the consumer confidence survey of the University of Michigan for April fell less than expected, to 52.2 %.
Wall Street the most outstanding wheel actions
The actions of Alphabet (+1.4%) scaled strongly after the technological giant announced much better results than expected for the first quarter and a repurchase of shares worth US $ 70,000 million.
The company also reaffirmed its ambitious AI development plans, which reinforces the confidence in the persistence of the demand for chips and data centers promoted by AI.
“In a context of negative feeling and data reviews, regulatory problems, concerns about competition and macroeconomic fears, Alphabet reported a hard blow to bass investors, with practically unchanged results and solid growth in all the main segments,” said Deutsche Bank in a recent note.
The results, better than expected, renewed optimism in AI, considerably promoting the technological sector in general. Nvidia Corporation (+4%) and Platforms Inc (+2.7%) were also in bullish streak.
Besides, Intel It sank 7%, since weak forecasts counteracted profits that exceeded expectations. The chips manufacturer, in Añuro, also expressed a greater concern about macroeconomic obstacles derived from the commercial war.
The actions of T-Mobile Us 11.5% collapsed when the telecommunications company reported that it added less wireless subscribers than expected in the first quarter, since its rivals intensified its promotions in a saturated US market.
Colgate-Palmolive It rose 1.4% after the consumer goods company drastically cut its annual forecasts of organic sales, becoming the last company to mention possible obstacles derived from the aggressive US tariffs, although it still presented some profits of the first quarter better than expected.
The actions of Spotify They rose 2.3% despite knowing each other, that the musical streaming giant plans to increase subscription prices, in several countries in Europe and Latin America, according to the Financial Times.
The flood of business results will continue in the coming weeks, including technological giants
Microsoft and Apple, although the attention is likely to focus more on forecasts for the current year, especially given the growing economic uncertainty.
The greatest increases and casualties of the wheel
Among the actions that were most appreciated appear, SS Innovations (+42.5%), Sensient Technologies (+13.5%), Encompass (+11.7%), Liberty Broadband (+10.4%) and Charter Communications (+10.3%).
While the most resigned value found, Summit Therapeutics (-34.7%), SAIA (-31.9%), Appfolio (-18.5%), Avantor (-17.3%) and Bionntech (-17.2%).
Source: Ambito
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