Unlock the White House Watch watch newsletter for free
Your guide on what the US elections of 2024 mean for Washington and Le Monde
American actions fell sharply on Tuesday with actions of technological groups, including Tesla d’Elon Musk, while investors continued to worry about the economic and commercial policies of President Donald Trump.
The S&P 500 Blue Chip dropped 1.1% in the middle of the afternoon in New York, with every 11 sectors of the index in negative territory and consumption cyclics, which tend to fall during growing concerns on the economy, displaying some of the steepest declines.
The Nasdaq composite, heavy with technology, fell 1.6%, erasing the rally on Monday. Tesla dropped by 4.6% – extending a recent drop which lowered it by half compared to its summit in December – and Nvidia lost 1.5% in front of the opening speech by General Jensen Huang at the conference of the developers of the flea manufacturer later on Tuesday.
Lases are the last sign of how investors remain deeply concerned about Trump’s prices on the largest American business partners, and the increase in signs that they slow growth and increase inflation. A Bank of America survey published on Tuesday has shown that investors have reduced the “greatest” of their US action benefits in March.
An investigation into the New York Federal Reserve among business leaders, published on Tuesday, showed that the region’s trade environment was “considerably worse than normal”, employment, has decreased and that industry input prices have increased at the fastest rate in almost two years.
A distinct Fed report has shown that US industrial production increased by 0.7% in February, much more than the 0.2% increase expected by analysts. Reading should “appease concerns that the [US] The economy is at the dawn of the recession, “said Bradley Saunders to Capital Economics.
However, he warned that “the trail” of Trump’s aggressive prices “still properly took effect”, which means that there were “disadvantages to come for [US] industry in the coming months ”.
Previously, high -end technological actions have dropped more than most, because investors have moved away from risky assets, an index depending on the seven seven Douods of Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla down 17% since the S&P 500 reached a record of February 19.
Merchants were also preparing on Wednesday after the last meeting of the Federal Reserve. While investors are largely expecting the central bank to leave interest rates, any index of the president of the Fed, Jay Powell, on the health of the greatest world economy will be closely.
The dollar dropped 0.1% against a basket of rivals. The currency had already erased all its earnings since the American presidential election of November.
