New York (dpa-AFX)-After violent fluctuations last week, the US exchanges continued on Monday. The turbulent customs policy of the US President remains in the focus. At the moment there is still the vague hope that the trade conflict stipulated by Donald Trump will not be an escalation and that the tariffs are less stressful than feared.
However, the news situation is again quite confusing. The US government took out smartphones, laptops and other important electronics of special tariffs against numerous countries – including China – for the time being, which is a relief for US providers of computer technology, since many of their devices mainly have their devices produced in Asia. At the same time, US Minister of Trade Howard Lutnick emphasized that it was only temporary relief and new tariffs are already in preparation for precisely these product groups.
The Dow Jones Industrial increased by 0.8 percent to 40,523 points in the early trade after it had recovered by around 5 percent the previous week. In the previous course, however, a minus of almost 5 percent is still available. In the first week of April there was a real sale for the best -known Wall Street index – after Trump’s “Day of Liberation” and China’s announcement of counterparts. Ultimately, he had lost almost 8 percent.
The market width S&P 500 won 1.2 percent on Monday to 5,425 points and for the Nasdaq 100 dominated by numerous large technology stocks, it was 1.4 percent high to 18,945 points