New York (dpa-AFX)-After the brilliant upswing from the previous day, the US stock markets reverse the reverse gear on Thursday. The Dow Jones Industrial closed 2.50 percent lower at 39,593.66 points. The S&P 500 market width gave up 3.46 percent to 5,268.05 points. For the technology -based Nasdaq 100, after a trade -prone trade, it went down to 18,343.57 points by 4.19 percent.
The continued smoldering customs conflict with the rest of the world remains the main topic on the stock exchanges. The US government announced on Thursday that the US tariffs against China, which was brought up by President Donald Trump, amounted to a total of 145 percent-and not 125 percent, as the White House had previously announced. In the case of the previous information, already introduced tariffs of 20 percent were not included, which Trump had raised for China’s role in the manufacture of the drug Fentanyl in recent months.
The day before, the US investors had reacted with a noticeable relief to Trump’s customs break for many countries – except China. The Dow had won almost 8 percent, the S&P 500 almost 10 percent. The Nasdaq 100 had even increased by more than 12 percent.
The surprisingly somewhat better than expected development of consumer prices in March received less attention in view of the customs issue. The fact that the core inflation had also weakened and the consensus estimate should be noted by the US Federal Reserve Fed with benevolence, it was said by the Landesbank Helaba. “In view of the uncertainty because of the tariffs, Fed representatives have so far not been haste and are in a waiting attitude.” Speculation on interest rate cuts could probably increase with the current data.
From an industry perspective, energy titles were particularly under sales pressure. They suffered from the considerably sunken oil prices. The shares of Chevron, Exxonmobil and Conocophillips lost between 5.6 and 9.0 percent.
The shares of the “glorious seven”, ie the seven most important US tech companies, significantly gave up with losses between 2.3 and 7.3 percent after the previous day rally. The day before, the shares of Alphabet (Alphabet A (Ex Google)), Amazon, Apple, Meta (Meta Platforms (Ex Facebook)), Microsoft, Nvidia and Tesla had booked course rising between almost 10 and almost 23 percent.
Nike’s share certificates have been sacking for seven and a half years in the course and closed 8.3 percent lower as the bottom of the Dow. The sporting goods group produces a high percentage of its goods in China and therefore suffers particularly strongly from the massively increased import duties on goods from the People’s Republic.
Us Steel (United States States) had 9.5 percent reduced because US President Donald Trump rejects a sale of the steel manufacturer to Nippon Steel (Nippon Steelsumitomo Metal). At the beginning of the week, the papers were skyrocketed by 16 percent when the news circulated that Trump had ordered a further review of the deal. Trump’s predecessor Joe Biden had blocked the transaction worth around $ 14 billion shortly before the end of his term.
The papers of Capri Holdings (Capri) lost 10.6 percent after the announcement of the sale of the luxury label Versace on Prada