New York (dpa-Afx)-After the recent records on the US exchanges, the mood among investors has repeated itself on Friday. Customs worries have returned because US President Donald Trump wants to raise a flat-rate tariffs for a number of countries to 15 to 20 percent. Against Canada, he even imposed tariffs of 35 percent after Trump had already terminated the trade talks with the neighboring country at the end of June.
The Dow Jones Industrial fell by 0.58 percent to 44,391.45 points around two hours before the inlet closure and heads for a weekly loss. The S&P 500 gave in 0.21 percent on Friday to 6,267.29 points. The technology -based Nasdaq 100 lost 0.03 percent to 22,822.52 points. These two indices also showed themselves a little weaker on a weekly perspective, but unlike the best known Wall Street index Dow – record heights have been climbed in the past few days.
In view of Trump’s recent customs resolutions, market experts had expected profit from the currently high level of evaluation of the markets. Rajeev de Mello, portfolio manager at the asset manager GAMA Asset Management in Geneva, wrote the new broad side against US trade partners.
At the same time, the view of the reporting season, which will start shortly, is already focusing, another expert said. As far as companies are concerned, investors remained optimistic and that keeps them with the rod. Many of the Zollthemas are now tired in view of the constantly new announcements.
There were hardly any news about important individual shares before the weekend. Under the “Magnificent 7”, Nvidia continued her record run and climbed up to just under $ 168. The AI chip pioneer had already reached a market value of $ 4 trillion on Wednesday as the first company worldwide.
Most recently, Nvidia still rose by 1.3 percent and gave her place as the largest daily winner among the seven most important tech companies in the USA. The US trade giant’s share won 1.5 percent and benefited from an analyst comment. Brian Nowak from Morgan Stanley raised the price target from 250 to $ 300 and ideally even trusts the share a price of $ 350. He now considers the customs pollution to Amazon to be easy to cope, sees reasons for an even more dynamic cloud business and confirmed the paper as one of his “top favorites”. Under the “Glor -rich seven”, the papers from Meta (Meta Platforms (EX Facebook)) were minus 1.3 percent.
Levi Strauss (Levi Straussco Registered a) jumped up to the highest level of 11.7 percent for a little more than a year. With his quarterly report, the denim manufacturer had exceeded expectations and raised his annual sales destination. Analysts from Bank of America (Bofa) and Citigroup expressed themselves positively and raised their price goals. The Bofa called the sales growth of the past two quarters and believes that the view of the second half of the year could now be too conservative.
In the food sector, the focus was on acquisitions and outsourcing speculations. The fact that the food wholesaler Us Foods circles wants to swallow his competitor Performance Food (Performance Food Group) caused a continuation of the record run of this share. It recently increased by 5.3 percent to $ 95.23. The well -run titles from US Foods had skipped their record high from the previous day at the start of the trade, but recently only rose by 0.3 percent.
For the strength-Heinz share (The Kraft Heinz Company), the last time it was 1.8 percent. The “Wall Street Journal” reported that the food company is considering a large part of its grocary business.