In this context, the Dow Jones Index of Industriales He went down a 0.3% to 42,319.04 points; he S&P 500 He lost a 0.5% to 5,940.04 points and the Nasdaq Composite One depreciated 0.8% to the 19,298.45 points.
Tesla collapsed when the dispute between Elon Musk and Donald Trump intensified
Tesla more than one fell 14% When intensifying the crisis of the relationship between Trump and Musk, after the president sent a tax bill that eliminates credits for electric vehicles.
Trump accused Musk of being upset about this elimination and the rejection of his candidate for NASA, while Musk harshly criticized the law and recalled that without him Trump would have lost the elections.
In the public dispute, the US president also suggested ending Musk’s subsidies and government contracts to save money.
The political link between Musk and Trump had stood out as a significant impulse for the manufacturer of electric vehicles, but the deterioration of the relationship affected trust.
Trump and Jinping in a positive conversation about trade
The President Donald Trump And his Chinese couple, Xi Jinpingthey had a 9 -minute telephone conversation focused on trade, particularly on rare earth exports.
Both leaders agreed to resume trade negotiations, and US officials Scott Besent, Howard Lutnick and Jamieson Greer will meet with their Chinese counterparts.
The dialogue, described by Trump as “very good”, gave rise to mutual invitations for state visits.
The president also pointed out that the conversation focused exclusively on trade. “There was no talk of anything about Russia, Ukraine or Iran”wrote.
Unemployment requests increased last week
Investors analyzed a series of labor market data published this week. While seeking evidence that Trump’s tariff agenda is beginning to have an impact on the US economy.
The number of Americans who requested unemployment subsidies for the first time increased last week, according to data published this Thursday, with unstacted requests in the US that amounted to 247,000 in the week that ended on May 31. This represented an increase with respect to the 239,000 revised of the previous week and above the expected 236,000.
The four -week mobile average, which seeks to reflect the volatility in the weekly data, stood at 235,000, exceeding the previous 230,500 reading.
A report by the ADP management services revealed that US private employers added less jobs than expected in May, while vacancies increased in April, although layoffs increased, which could indicate that some decrease in the demand for workers is observed.
Fed’s opinion on inflation after the imposition of tariffs
Jeff SchmidPresident of Federal Reserve Bank of Kansas Cityexpressed on Thursday his concern about the potential of tariffs to revive inflation.
He pointed out that, although the bull pressure on prices could be evident in the coming months, the total impact scope may not be apparent for a longer period.
Schmid’s statements show a probability that he will advocate Maintain the current monetary policy rate of the Federal Reserve, not only at the next meeting of June 17-18, but also for a later period. Its position seeks to ensure that inflation, currently near the objective of 2% of the Fed, does not intensify uncontrollably.
Despite the generalized speculation that tariffs could reduce growth and weaken the labor market, Schmid maintained a Optimistic perspective on the impulse of the economy. He acknowledged that tariffs could cause an increase in prices, but also pointed out uncertainty about the reach of this increase. “Likewise, the scope of the brake on growth and employment is also uncertain,” he added.
The latest quarterly results are approaching
The number of large companies that still did not present their quarterly results is decreasing rapidly and Broadcom (+0.4%) Headed the list of corporate results tickets on Thursday. Their numbers will be closely followed, since the semiconductor group could offer a new perspective on the demand for avant -garde artificial intelligence chips.
Some investors expressed concern about the possibility that companies are braking the expense in AI before a gloomy economic panorama, while others questioned the need for these expenses, after the appearance of a low -cost model of the Chinese company Deepseek Earlier this year.
On the other hand, the actions of Five Below They advanced a 5.2% After the specialized discount store chain reported the results of the first quarter better than expected and issued a solid forecast for the second quarter, driven by the generalized strength in most of the merchandising categories.
The actions of Mongodb They climbed a 12.6% When the database software company presented an optimistic annual prognosis and reported quarterly results greater than estimates, while expanding its sharing repurchase plan.
The actions of Trade desk 5.9% fell after a report from Ad week which indicates that marketing specialists are reassigning millions in advertising expenses of Trade desk to the advertising platform of Amazon (+0.7%).
Source: Ambito
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