New York (dpa -AFX) – After two days of relaxation, the New York stock exchanges reverse the reverse gear on Tuesday. Economic data reduced the hopes for soon-to-be interest cuts by the US Federal Reserve. A phone call from US President Donald Trump with his Russian counterpart Vladimir Putin A possible ceasefire in Ukraine had little influence on the courses.
The leading index Dow Jones Industrial ultimately dropped by 0.62 percent to 41,581.31 points. The market width S&P 500 lost 1.07 percent to 5,614.66 points. For the Nasdaq 100 dominated by Tech values, it was 1.66 percent down to 19,483.36 points.
The US import and export prices surprisingly developed in February, which underpinned the continued stubborn inflation. The fact that the Fed will leave the key interest on Wednesday at the end of its current session is almost certain. Economic data from the construction industry and industry were better than expected on Tuesday, which also more against a relaxation of the Monetary policy speaks.
A challenge for the New York Börsen is also the uncertainty by the customs policy and business strategy of US President Donald Trump, said Wolf von Rotberg, stock strategist at Bank J. Safra Sarasin. He recalled that Trump’s finance minister Scott Bessent had described the recent recent losses in New York as a healthy correction. Before that, Trump had not excluded a recession in the world’s largest economy.
Trump rated the phone call with Putin as a success. The conversation was “very good and productive”, he then wrote on the Truth Social online platform. The two would have agreed on an immediate ceasefire with a view to the Ukraine energy infrastructure, “with the agreement that we will quickly work towards a complete ceasefire and ultimately towards the end of this terrible war between Russia and Ukraine”.
The shares of the Tesla electric car manufacturer fell by 5.3 percent. In doing so, they started the weak day before and took a course for a week since October. Most recently had with CEO Elon Musk Even a glowing follower and consultant from Trump warned of the consequences of the American steel and aluminum tariffs as well as the impending counter tariffs for production costs and competitiveness.
With Nvidia, another previous day loser remained under pressure: the titles of the AI chip manufacturer lost 3.4 percent. CEO Jensen Huang spoke at the GTC conference on the topic of artificial intelligence (AI) in San Jose California. The semiconductor giant wants to encounter the rapidly growing need for computing power for artificial intelligence with a new generation of its chips.
For the A-shares of Alphabet (Alphabet A (Ex Google)), it went downhill by 2.2 percent. The Google mother Group wants to take on the data security company Wiz in a second attempt for $ 32 billion. Corresponding plans had failed last summer.
In contrast, the papers from Grab Holdings (grave) noted in the USA attracted. According to media reports, the Singapore’s travel agent is driving his efforts to take over the Indonesian rival Goto Group.
For Lucid Group (Lucid) it was a whopping 8.8 percent uphill. The US bank Morgan Stanley classified the titles of the Tesla competitor and is now a neutral vote ./GL/MIS
— from Gerold Löhle, dpa-Afx —