New York (dpa-AFX)- The US stock markets went out of store on Thursday at the end of a small mountain and descent with slight losses. The investors are unsettled. The focus is once again in the US president’s customs duties. Donald Trump signed on Wednesday after the IPO on Wall Street tariffs of 25 percent for all auto imports and central auto parts by “Executive Order”. Now there is worry again that there is a significant tightening of the global trade dispute. He could drive inflation again and slow down the economy.
The world’s best-known US stock index Dow Jones Industrial closed 0.37 percent lower to 42,299.70 points after a course. The S&P 500 lost 0.33 percent to 5,693.31 points. The technology -based Nasdaq 100 fell by 0.59 percent to 19,798.62 points after it had dropped by almost one percent at the start of the stock exchange and then increased at times.
Chief market analyst Jochen Stanzl from the Broker CMC Markets does not expect the new tariffs to be withdrawn from Trump in the coming week before they enter. Economist Thomas Gitzel from VP Bank Liechtenstein pointed out that Trump considered the taxes to be permanently and emphasized the lack of a freedom of negotiation.
The US President announced new import duties in the automotive sector the evening before. From May 3 at the latest, the additional taxes for the automotive supplier industry will be charged. From April 2, so -called reciprocal tariffs are to be collected. This is intended to raise the US tariffs to the same level as the tariffs of trading partners from cars from the USA.
According to Jürgen Molnar, capital market strategist at Robomarkets, despite the “Executive Order” “, the last word with Dealmaker Trump has not yet spoken, an escalation in the US trade dispute against the rest of the world is always”.
According to Trump’s customs decisions, the shares of General Motors (GM) and Ford were among the largest losers on the market. They rely on the highly integrated production chains in the US neighboring countries Mexico and Canada. GM (General Motors) imports some Chevrolet models from works in Mexico and Canada. Ford (Ford Motor) also produces some models for the US market in Mexico, although the proportion is lower than at GM. In addition, the US manufacturers “Revanche-Zölle” have to fear all of the countries whose companies are now affected by the US car tariffs.
The GM shares fell as the bottom of S&P 100 by 7.4 percent and that of Ford by 3.9 percent. On the other hand, the papers rose from electric car manufacturers. Tesla, Lucid Group (Lucid) and Rivian (Rivian Automotive) increased by 0.4 to 7.6 percent. According to analysts, electric car manufacturers are far less at risk from the US tariffs. Among other things, the Swiss bank UBS pointed out that Rivian’s production was completely in the United States, even if this does not affect all components.
After their last strong run, stocks of banks suffered from profit. In the Dow, Goldman Sachs, with minus 2.6 percent, were one of the weakest values after they had increased eight days in a row since mid -March. Morgan Stanley lost 2.6 percent, while JPMorgan (JPMorgan Chaseo), who had even increased nine days in a row, gave up by 1.2 percent.
For the AMD’s share certificates (AMD (Advanced Micro Devices))), the Nasdaq went down by 3.2 percent after Jefferies downgraded the shares of the chip manufacturer from “Buy” on “Hold”. Analyst Blayne Curtis wrote that AMD benefits only to a limited extent from artificial intelligence (AI). The expectations of the company are too high and intelized by Intel threatened competitive pressure. There are also indications that the graphics processor series H200 from NVIDIA has a significant performance advantage compared to the AMD model MI300X.
“As won, so crushed” was the quintessence at Gamestop. The share, which had benefited the previous day with a course jump of almost 12 percent of the quarterly profit and the new investment strategy per Bitcoin of the video game dealer, was now decreasing by around 22 percent. Gamestop announced that you sell change bonds worth $ 1.3 billion in order to finance its planned Bitcoin purchases.
Applovin (Applovin A) lost around 20 percent after Shortseller Muddy Waters wrote that he was bet on a drop in the price
— from Claudia Müller, dpa-Afx —