New York (dpa-AFX)-The recovery on the US exchanges has become tough at the beginning of the week. The United States’ erratic customs policy increases investors. On the one hand, the exemption announced on Saturday ensured tariffs on certain electronics products from China and possible exceptions for car manufacturers. On the other hand, tariffs will soon be on medical devices.
Investors remained torn between hopes that the trade conflict did not escalate, and fears of a dislocative spiral of ever further tariffs and thus possibly also numerous counterparts.
The Dow Jones Industrial ultimately increased by 0.78 percent to 40,524.79 points, making some of the recovery gains of the day lost. The best known Wall Street index had recovered by around 5 percent the week before, but after an almost eight percent loss in the first week of April. With a draconian customs package, Trump had proclaimed the “day of liberation” for America and at the same time called China on the scene with the announcement of massive counter -tariffs. The annual profits in the Dow have been history since then. Despite the latest relaxation, there is still a minus of almost 5 percent.
The market width S&P 500 ended the trade on Monday with an increase of 0.79 percent to 5,405.97 points. For the Nasdaq 100 dominated by numerous large technology stocks, it was up to 18,796.02 points. In the meantime, the so -called Angstindex Vix has dropped back to the level, which it had on April 3 – before the customs escalation. The VIX measures the short -term expected fluctuations in S&P 500.
“After the duties of the tariffs against all countries by 90 days, the now announced exemption for semiconductors, smartphones and chips from China is a further proof that Trump looks at something to be over the destination,” commented market strategist Jürgen Molnar from the Broker Robomarkets the message from the weekend. “But it is also a confirmation that the stock exchange can leave nothing more in the coming weeks that will come from the White House,” he warned.
In addition, US trade minister Howard Lutnick emphasized that the current suspension of the tariffs on electronics was only temporary relief and new tariffs are already in preparation for precisely these product groups.
Shares of US computer technology providers such as Apple increased, because many corporations mainly have their devices produced in Asia. For the papers of the iPhone manufacturer, it went up by 2.2 percent. Micron (Micron Technology) rose by 2.1 percent. Nvidia, on the other hand, turned into the minus and gave up by 0.2 percent.
Intel (Intel) continued to recover with a plus 2.9 percent. The crising chip giant was particularly in view in view of a sale. 51 percent of his business with programmable chips goes to the investment company Silver Lake Management. According to Intel, the transaction evaluates $ 8.75 billion (around 7.7 billion euros).
For Ford, it was 4.1 percent and 3.5 percent for General Motors. The car companies need a little more time to switch their supply chains to part production in the USA, said Trump. That is why he is currently checking how some manufacturers can be helped. However, there were no specific things.
Possible tariffs on medical devices unsettled investors of pharmaceutical values. Merck & Co made their profits and closed almost unchanged. CVS Health lost 0.5 percent. According to temporary losses, Pfizer went up by 1.0 percent, even if the pharmaceutical company breaks down the development of his weight loss ingredient Danuglipron. The market now speculates that Pfizer could buy in the area instead. This drove up the stock of the biotech company Viking Therapeutics by 10.6 percent.
In addition, The Metals Company (TMC) (TMC The Metals Company) jumped by 45 percent and MP materials (MP Materials A) up by almost 22 percent. Because according to the “Financial Times”, Trump rarely plans the warehouse structure.
Goldman Sachs (Goldman Sachs) benefited with a plus of 1.9 percent from enjoyable quarterly figures. Above all, the strong stock business was praised on the market./CK/HE
— from Claudia Müller, dpa-Afx —