The NYSE ended with red numbers on Tuesday, May 20, Breaking a six -day streak of profits, While investors analyzed the key results of the retail sector, as well as the possibility of new trade agreements and a bill of tax cuts.
In this context, the Dow Jones index of industrialists fell 0.27% to 42,677.24 points; The S&P500 lost 0.37% to 5,941.67 points and Nasdaq Composite depreciated 0.38% to 19,142.71 points.
Fiscal Law at the Point of Mira
A special committee of the House of Representatives approved on Sunday a broad draft tax cuts that could be voted this week. The bill is supported by Trump and proposes a series of income tax cuts, as well as a higher expense in defense and immigration.
However, Critics of the bill argue that the US fiscal deficit could increase and undermine federal income, at a time when the deficit is already at historical maximums. The bill has received the opposition of moderate and less radical Republicans.
In search of more commercial agreements
From the announcement of an agreement between the US and China last weekinvestors have been waiting for new commercial advances with interestwith conversations about them between Japan and the US scheduled by the end of this week, according to the Japanese news agency Kyodo on Tuesday.
However, according to Reuters, the US Department of Treasury does not foresee any commercial agreement at the Meeting of Finance Ministers of the Seven Group in Canada for now.
In addition, the China Ministry of Commerce warned on Monday that Washington was undermining the recent trade negotiations in Geneva, especially after the US Department of Commerce.
The Commerce Department warned last week about the risks of the use of Huawei Asce, which violated US export restrictions.
China warned that the US actions and seriously undermined the consensus reached in the high -level conversations between China and the US in Geneva and demanded that the US corrected its “mistakes”, according to a notification of the country’s ministry of commerce.
The Big Tech shine with their best quarter in four years
Alphabet Inc. and Amazon.com Inc. were the most prominent. Alphabet recorded a BPA growth, (It measures the profitability of a company by dividing the net income between the actions in circulation), of 48.7 % and exceeded expectations in almost 39 %, Amazon registered a 62.2 % increase in its profits, crushing its estimate of the BPA in more than 16 %. Meta Platforms Inc. continued with a growth of 36.5 %, while Microsoft Corp. registered 17.7 %. Apple Inc. showed a more modest growth of 7.8 %, but still exceeded its goal.
The lag was Tesla Inc., whose BPA fell 40 % year -on -year, losing the brand for more than 34 %. Nvidia will present its quarterly in the current week.
Wall Street: What happened to some of the actions?
Investors have been analyzing the results of the retail sector on Monday and these figures offer some clues about the strength of the US economy.
Home Depot’s shares fell 0.9% when the world’s largest household items in the world, He will reaffirm his prospects for the whole year, informing of the results of the first fiscal quarter of 2025 that exceeded income expectations. The financial director, Richard McPhail, also indicated that the retail giant does not plan to increase prices due to tariffs. This followed the statement of its competitor Walmart (-0.4%) last week that “It would probably upload prices soon due to cost pressures derived from the aggressive tariff agenda of the US government, for great disgust of President Donald Trump, who forbade him to raise prices. ”
The Housing Construction company Toll Brothers will publish its quarterly report after the closure of the market. Tesla Inc. rose more than 0.6% after its executive director, Elon Musk, announced that he plans to direct the company over the next five years, citing the importance of maintaining control over the company’s future.
IHS Holding Limited reported results of the first quarter better than expected on Monday, but their shares collapsed 10.6% since the forecasts of income for the whole year were below the estimates of the analysts.
The greatest increases and casualties of the wheel
Among the actions that were most appreciated appear, Regentell (+28.8%), D-Wave (+26.9%), Akero (+22.8%), Agilesys (+21.8%) and Warby Parker (+17.5%).
While the most resigned value, Eagle Materials (-8.7%), Zto Express (-7.5%), Fair Isaac (-7.5%), Vipshop (-6.5%) and Ubiquiti (-6.1%).
Source: Ambito
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