In this context, the Dow Jones index of industrialists closed unchanged at 41,859.09 points; The S&P500 lost 0.03% to 5,842.88 points and Nasdaq Composite showed 0.28% to 18,925.74 points.
The House of Representatives approved the Tax and Expenses Bill. The tax bill of US President Donald Trump was approved by a narrow margin in the Chamber on Thursday morning, surpassing days of political disputes among Republicans who control the lower house of the Congress. The measure was approved by a narrow margin from 215 to 214, with the opposition of all Democrats. The bill now passes to the Senate, where some legislators are pressing to be reviewed, and a vote on their approval for August is expected.
Together with the extension of the 2017 tax cuts, the new law would drastically reduce taxes on tips and cars loans, while promoting expenditure on border defense and security. The project also includes reductions to key food and health programs for low -income Americans.
Employment grows; PMI of May demotivated
The number of Americans who submitted new performance requests due to unemployment, it decreased last week, suggesting that the economy maintained a constant rate of employment growth in May.
Initial applications of state unemployment benefits decreased by 2,000, to a seasonally adjusted figure of 227,000, during the week that ended on May 17, according to the Department of Labor on Thursday. The S&PGLOBAL purchasing managers composed index (PMI) was reduced to 50.6 last month, compared to March 53.5 and just above the level of 50 points, which indicates expansion.
Wall Street: Some of the outstanding actions of the wheel
The downward purchases in technological actions, led by Alphabet (+2%), They helped stabilize the market in general, and the latter expanded the profits of the week after their conference for developers.
Snowflake advanced 12.8% after the cloud data storage company raised its prognosis of products for fiscal year 2026, betting on a strong demand for their data analysis services, since companies prioritize spending on artificial intelligence.
Urban Outfitters shot 22.9% after a better quarterly report than expected: the second consecutive quarter of strong income increases and the third consecutive quarter of acceleration of the growth of earnings per action (GPA). Analog Devices under 4.6% despite the fact that the chips manufacturer exceeded quarterly income expectations, driven by the growing demand for its chips used in automotive and industrial sectors.
For its part Nike rose 2% after the footwear company He announced that he plans to raise the prices of some products from next week and will sell items on Amazon after six years.
The greatest increases and casualties of the wheel
Among the actions that were most appreciated, Advance (+58%), Ionq (+35.9%), Rigetti (+24%), Urban Outfitters (+22.9%) and D-Wave quantum (+22.8%).
While the most resigned value found, Enfase Energy (-18.3%), Enersys (-12.6%), Tonix (-8.6%), Nexera (-7.3%) and Manchester United (-7.1%).
Economic resilience despite tariff obstacles
He Impact of broad American tariffs About growth is feeling only gradually, but still should contribute to a slowdown in world economic activity this year, according to Citigroup analysts. Despite the warnings, that the severe tariffs of US President Donald Trump, now largely delayed, would affect production, the world economy demonstrated to date signs of “remarkable resilience”, according to analysts, led by Nathan Sheets.
Trump initially announced high tariffs for both allied countries and enemies in April, but later partially suspended the measures to give the White House negotiators more time to forge commercial agreements with dozens of Chinese countries included. Howeveruniversal tariffs of 10% remain in force, as well as taxes on products such as aluminum, steel and autopartments. According to some estimates, the US effective tariff rate is currently at its highest level since the 1930s.
In addition, the strategists added, which as the complete effects of tariffs manifest in the coming months, the demand could suffer a double impact: the reduction of purchasing power and the consequences of the purchase wave prior to tariffs.
“Therefore, we consider the current period as the calm that precedes the storm, and we anticipate that growth weakens in the second half of the year “the financial group ended.
Source: Ambito
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