Last Friday, the S&P 500, closed May With a gain of more than 6%its best monthly performance since November 2023. The Nasdaq Composite, with an energetic technological component, advanced more than 9% and the first -level Dow Jones index won almost 4%.
Thus, starting the month, the Dow Jones Independential index rose 0.08% to 42,305.48 points; The SP & 500 won 0.46% to 5,938.61 points and the Nasdaq Composite showed 0.67% to 19,242.61pantos
A story with an open ending
China contracted on Monday morning the accusations of the United States of having violated the trade in Genevaafter the outbreak of a verbal confrontation between the two economic powers, which suggests that trade negotiations are having difficulties.
The Asian giant declared that the accusations of US President Donald Trump, that Beijing had violated the consensus reached in the commercial conversations of Geneva were “unfounded”; and promised to take energetic measures to safeguard their interests.
The comment of the Ministry of Commerce occurred in response to Trump’s statements on Friday that China had breached a bilateral agreement to reduce tariffs.
This occurred after the United States Secretary of the Treasury, Scott Besent, declared at the end of last week “That commercial conversations with Beijing stagnated”.
Beijing and Washington agreed in mid -May in Geneva to suspend three -digit tariffs for 90 days. In addition, China promised to lift commercial countermeasures that restricted their exports of critical metals necessary for American semiconductor production, electronics and defense. Trump announced Friday that he will increase his tariffs on steel imports from 25% to 50%, starting June 4.
On the other hand, the Secretary of Commerce, Howard Lutnick, said during the weekend that Trump’s tariffs were permanent, especially before a legal challenge.
The Federal Reserve and its officials are expressed cautiously
In his Monday statements at the 75th Anniversary Conference of the International Finance Division of the Federal Reserve Board, the President, Jerome Powell, He did not offer any new aspect about the monetary policy of the entity.
Besides, “The Federal Reserve can still cut interest rates this year, And recent data support this perspective, ”said, also on Monday, the governor of the Federal Reserve, Christopher Waller.
At a conference in South Korea, Waller said it was unlikely that the increase in inflation caused by the commercial tariffs of President Donald Trump was persistent, which gives the institution more confidence to lower the rates at the end of this year. Yes “lto underlying inflation continues to advance towards our goal of 2%“, Together with the tariffs establishing themselves in lower rates and the employment keeping” solid “,” would support good news: feat cuts at the end of this year, “said the official.
What happened to some of the Wall Street actions?
In the corporate sector, Chips actions, such as NVIDIA (+2%), Marvell (+2.3%) and Taiwan Semiconductor manufacturing (+1%), reduced their losses Despite the recent reports that the Trump administration prepares to harden restrictions on the Chinese technological sector, expanding the existing standards to include the subsidiaries of the sanctioned companies. According to a report published on Friday by Bloomberg, a proposed regulation would require US government licenses for transactions involving any company mostly owned by an entity already subject to US restrictions.
The measure focuses on attempts to avoid current restrictions by creating new subsidiaries, A tactic that, according to US officials, has become a persistent legal lagoon.
On the other hand, American and steel actions rose behind the news about Trump tariffs, promoting companies such as Cleveland-Cliffs (+23.2%), Nucor (+10.6%) and Steel Dynamics (+10%).
The actions of Alphabet Inc. fell 1.5% while the result of a federal antimonopoopoolio case remains uncertain. During a recent hearing, the US district judge Amit Mehta indicated that he could consider less strict measures than those proposed by the Department of Justice (DOJ) to address Google’s domain in online search and advertising.
The greatest increases and casualties of the wheel
Among the actions that were most appreciated appear, Vera Therapeutics (+72.5%), Digital APLIED (+50.1%), Kymera (+43.3%), IQster (+36.3%) and Blueprint (+26%). While the most resigned value found, Regentellll (-16.5%), Science Applications (-13.6%), Pony (-10.2%), Lyel (-9.4%) YRH (-8%)
Source: Ambito
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