Wall Street He ended with disparate numbers on Friday, May 30, since Chips actions, such as Nvidia, were pressed by a report that indicates that the US seeks to expand their sanctions to Chinese technology companies. Even so, He registered his best May of the 21st century.
The Dow Jones index of Industriales won 0.13% to 42,270.07pantos; The S&P500 lost 0.14% to 5,903.63 points and Nasdaq Composite depreciated 0.32% to 19,113.77 points. In the week, the S&P 500 won 1.9%, Nasdaq 2%and Dow Jones 1.6%. Meanwhile, In the month, the S&P 500 won 6.15%, Nasdaq 9.5%and Dow Jones 3.95%.
Donald Trump, between regulations and tariffs
The Trump government plans to expand the restrictions to the Chinese technology sector With new regulations aimed at companies subject to US regulations, Bloomberg reported.
The sanctions would be aimed at Chinese technology companies that are already on the blacklist and prevent them from creating subsidiaries to avoid current government restrictions on license requirements. In a publication in Truth Social, Trump wrote: “China, although it may not surprise some, has totally violated its agreement with us. Goodbye to be Mr. Good guy!”.
It was not clear to what the president said, but the US Secretary of the Treasury, Scott Besent, declared that Commercial negotiations between the two countries had stagnated He added: “I think we could have a call between the president and the party leader, XI.” “Given the magnitude of the conversations, given the complexity … this will require that both leaders meet,” he deepened.
A Court of Appeals restored Trump’s tariffs
Stock bags quoted down after an appeals court allowed President Trump’s tariffs to remain in force until next weekjust one day after a Federal Commercial Court ordered Trump for the immediate cessation of its commercial surcharges.
The ruling of the commercial court fueled the hopes that Trump was forced to gradually reduce his tariff agenda, which could generate less economic disturbances due to the increase in commercial tariffs.
However, the judgment of the Court of Appeals reinforces the general caution, with the next hearing of the case scheduled for June 5, which further delays decisions on hiring, expense or feat cuts.
Wall Street: Again the actions in a confusing labyrinth
Nvidia Corporation More than 2% fell for fear of greater regulatory repression against China, which could be aggravated just when commercial tensions between the US and Beijing intensify. Earlier this week, Nvidia announced an impact of US $ 8,000 million on the loss of chips sales to China due to the US prohibition of exporting them to that country.
The actions of GAP They collapsed 19.3% after the clothing retailer presented another solid quarterly gain report, exceeding expectations, but indicated that tariffs could cost the company between US $ 100 YU $ S150 million with mitigation measures.
UATY UULT He shot 11.2% after the cosmetics company improved its prospects for the whole year after exceeding the expectations of the first quarter, indicating that consumers are maintaining their purchases of non -essential beauty products.
Dell Technologies lost 2.2% when the technological giant raised its benefits forecasts for the whole year, despite presenting disparate results in the first quarter, because the profits did not reach the estimates given to the impact of the tariffs on the demand.
American Eagle It fell 1% after the reticist forecast income for the second quarter lower than the estimates, after informing a quarterly loss greater than expected, due to the increase in input costs and low demand.
Is there an impulse towards the actions of emerging markets?
The actions of emerging markets reboundedbacked by commercial de -escalated and a weaker US dollar. According to UBS Global Research analysts, the initial agreement between the US and China is considered a key factor behind a more general advance in global actions markets.
The change in commercial tone was particularly favorable for emerging marketsbeing Latin America one of the main beneficiaries.
A weaker US dollar played a crucial role. Historically, A drop of more than 5% in the dollar correlates with a higher yield of emerging market shares compared to US shares in an average of 11%.
To achieve more profits, continuous growth of benefits and stable commercial dynamics will be essential. A resurgence of commercial tensions or weak benefits could weigh on macroeconomic foundations and stop the rebound.
Investors also seek more and more diversifying outside the US. UBS observes a gradual change towards a broader exposure to international actions, since they seek to reduce the risk of concentration.
Meanwhile, the US remains a key engine of corporate benefits, particularly in artificial technology and intelligence, which makes global wallets difficult to reduce their exposure to the main global power.
Source: Ambito
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