New York (dpa-AFX)-After losses at the start of the week, investors at the US stock market are holding back on Tuesday with engagements. President Donald Trump’s customs policy again unsettled. Since there are no important economic data, the motto on the US market is more of a wait, Börsians said.
Trump had postponed the deadline of the US tariffs that had previously been targeted for Wednesday. In the end, however, he pushed afterwards that the new period “is not 100 percent fixed”. On Tuesday, however, he wrote on his Truth Social platform: “Nothing has changed on this date, and nothing will change. In other words: all amounts are due from August 1, 2025”. He added: “No extensions are granted.” In conflict with the European Union, he announced a letter and is optimistic that an agreement could be made shortly.
The Dow Jones Industrial gave up 0.37 percent to 44,240.02 points around two hours before the board. The S&P 500 lost 0.06 percent to 6,226.10 points, while the Nasdaq 100 increased by 0.09 percent to 22,705.30 points.
“The Trump administration does not seem to be interested in a further escalation of the trade disputes,” said Thomas Gitzel, chief economist of VP Bank. Rather, the White House would like to make customs agreements with the respective trading partners. It just takes more time for that. The new period has the purpose of increasing the pressure on the trading partners.
On the part of other experts, it was said that Trump’s full -bodied announcements at the “Liberation Day” was now followed by the litmus test and Trump was probably clearly too optimistic, which concerns a rapid change in global trade structures.
From the industrial perspective, shares in the field of alternative energies were particularly in investor interest. Trump drives the end of tax advantages he announced for solar and wind energy projects and instructed the Ministry of Finance to implement the expiry of tax credits for the industry. The Ministry of the Interior is also intended to abolish guidelines to prefer this type of energy to other sources.
The law adopted by the congress last week ends tax credits for alternative energies after 2026 if the construction of the projects has not yet started. The Solar industry association Seia warned that the law endangers almost 300,000 US workstations and $ 220 billion in investments. The stocks of First Solar, Enphase Energy, Solaredge, and Sunrun lost between 5.2 and almost 13 percent.
Amazon (Amazon) lost 1.3 percent and, according to an expert, suffered weak start of the “Prime-Day” event, which extends over four days this year, and thus until July 11th. In the previous year it was only two days. According to the data analysis of “Mommerce”, the sales of the online trading giant in the first four hours of this year’s shopping event were almost 14 percent below the previous year’s value.
Otherwise, analyst judgments moved primarily. The Papers from Ciena gave up by 1.5 percent. Investment bank Morgan Stanley assumes that the profitability of the supplier of the telecom industry will not increase in the near future and classified the titles of “Equal-Weight” on “Underweight”. The price target was reduced from $ 73 to $ 70. Datadog (Datadog A) dropped to “Sell” by Guggenheim at the end of the Nasdaq 100 by 4.3 percent.
For the shares of UWM Holdings (UWM A), on the other hand, it went up by 3.1 percent. The British Bank Barclays now sees the real estate financier’s share as cheap enough for an investment and classified it on “Overweight”