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American actions fell sharply on Thursday while a seller renewed in the technology sector has shaken a market already increased by concerns about the impact of President Donald Trump’s prices on the world’s largest economy.
The blue-mute S&P 5. has closed 1.8%, leaving it in terms of its worst week since the beginning of September. The Nasdaq Composite, heavy with technology, lost 2.6%, the manufacturer of Marvell Technology fleas plunging 20% after the disappointment of its first quarter results.
Nvidia, which dropped 5.7%, was among the largest Laggards of large technological groups, while his compatriot Broadcom slipped by 6.3% before his report on the results after the fence.
Wall Street’s actions have been weakened in the past two weeks, while Trump’s prices on China, Mexico and Canada have sparked fears – reversing a multi -year period of American domination in global actions.
“Investors are starting to think that the American administration loses control of the story,” said Luca Paolini, chief strategist for Pictet Asset Management.
JPMorgan analyst Dubravko Lakos-Bujas, added: “The trade in American exceptionalism has undergone turbulence in the last two weeks, because political uncertainty has increased sharply at a time of growth in budding growth and the positioning of the crowded investor.”
Actions briefly reduced losses on Thursday after the United States reported the last suspended price to its business partners before resuming their decline.
Thursday’s decline is the latest swing on Wall Street this week while investors weigh Trump’s prices on the three largest American trade partners, a last minute exemption for car manufacturers and the threat of more radical tariffs next month.
“We are on a ping-pong market,” said Mike Zigmont, a co-chief of negotiation at Visdom Investment Group. “For the moment, the market [takes] The last sound bacon of the White House as a fact, but he is ready to go the other way in the blink of an eye. »»
In a sign of increasing concerns, the request for put options from the S&P 500 index – which would gain as a price if the falls of the Wall Street chip index – expiring later Thursday has skyrocketed, according to Bloomberg data.
Actions have also been affected in recent weeks by aggravating economic data, including manufacturers reporting a sharp drop in orders in February.
On Wednesday, data from private sector jobs showed that only 77,000 jobs were created in February, compared to the estimate of economists of 140,000. Friday, non -agricultural payroll figures will offer the last indication of the health of the American labor market.
European actions, however, continued a recent gathering which led them to surpass Wall Street this year. Europe STOXX 600 was flat, while Germany Dax, which increased following a historic expense of 500 billion euros in Berlin, announced earlier in the week, won 1.5%.
The US dollar fell 0.1% against a basket of competitors.
Additional report by Ian Smith
