New York (dpa-AFX)-After the latest stabilization, there were considerable price losses on technology values on Monday. In view of the erratic customs policy of US President Donald Trump and the clearing of the state apparatus, the USA is increasingly being afraid of negative effects. In the meantime, it is even afraid that the United States could slip into a recession as the largest economy in the world. From these concerns in particular suffered the economic -sensitive technology values.
The technology -based index Nasdaq 100 dropped by 3.86 percent to 19,421.07 points. The stock market barometer is currently moving at the level of September.
For the market -wide S&P 500, 2.74 percent went down to 5,611.87 points. The leading index Dow Jones Industrial gave up 2.03 percent to 41,934.74 points.
Trump had recently released the tariffs for goods from the neighboring countries Mexico and Canada for the time being, provided that the goods fall under the USMCA free trade agreement. However, the Republican Canada threatened with other tariffs – especially in the area of agriculture.
In the meantime, the speculation condensed that Trump is willing to accept hardships in business and on the markets in order to achieve long -term goals such as the survey of import duties and a smaller government. Trump said the US economy was in a “transition phase”, rejecting concerns about the risks of cooling.
Among the largest losers in the Nasdaq 100, Tesla’s shares bent by almost 14 percent and continued their descent. There is a loss of almost 44 percent for 2025. According to the Chinese industry association China Association of Automobile Manufacturers, Tesla also suffers from the political commitment of CEO Elon Musk especially for Trump. Not only in China, also in Europe, the company’s sales were recently significantly back against the industry trend.
The remaining values from the group of seven tech giants in the USA recorded somewhat lower price losses. Amazon, Microsoft, Alphabet (Alphabet A (Ex Google)), Nvidia, Apple and Meta (Meta Platforms (EX Facebook)) lost between 3.4 and 5.2 percent.
For the Biontech (Biontech (ADRS)) share certificates listed in New York, it was downhill by 3.3 percent. The former Mainz Corona overflower slid significantly into the loss zone last year on the way to developing cancer medication. According to Biontech, the reason for this is the high investments, especially in expensive clinical studies. The reduction of positions is now also planned.
With a view to the financial values, Robinhood investors had to cope with a minus of 17.6 percent. The company had settled a dispute with the U.S. Workerspapier supervision Finra against payment of $ 26 million. In addition, the weak stock market environment and price losses of the bitcine are on the mood of the investors.
According to the recent course stabilization, the Coinbase cryptocurrency platform had almost 15 percent. Contrary to the hopes of some investors, the papers that have been suffering from the downward trend of the bitcoin for some time were not included in the much-noticed S&P 500 index