- A day after winning the record, stocks stormed the sale of Wednesday After President Donald Trump corrected the total tariff rate on China to 145 %. Indexes decreased in all fields and the dollar has witnessed its worst slip since 2022. The expectation is dependent on Friday, like Wales VargoAnd jpmorgan and Morgan Stanley The launch of their quarterly profits.
The stocks resumed its decline on Thursday, as it recognized its land on Wednesday after President Donald Trump announced a 90 -day stop in some definitions “Liberation Day”.
The S&P 500 3.46 % decreased, in conclusion at 5,268.05, while Dao The industrial Jones average was sold by 2.5 % and closed at 39.593.66. Heavy technology Nasdak 4.31 % fell stability at 16,387.31.
Technology giants have suffered from remarkable decreases – Timing and apple 7.3 % and 4.2 %, respectively. While Definition platforms It lost approximately 7 % and Nafidia Nearly 6 % withdrew.
Although some “mutual” definitions were placed on the ice on Thursday, Trump announced that the total tariff imposed on China rose to 145 % compared to what was believed to be a 125 % tariff.
Later, Trump said he would not rule out the extension of the stoppage tariff for 90 days.
“We will have to see what is happening at that time,” Trump said at a cabinet meeting.
In addition, the US dollar has witnessed its worst day since 2022, as it decreased by 1.46 %, while Gold prices I went up by 3 % to the elevation at all on Thursday, as investors seek safety amid trade in the US audio voice.
The Director of Applied Research, Melissa Brown, the Administrative Director of Applied Research “Investors” Realistic ” CNBC. “Uncertainty is a big problem because the average of 145 % can be a different number tomorrow.”
“It is very difficult to call the bottom or the highest because things have changed a lot in narration and investment perceptions.”
The decline is followed by a rally on Wednesday, where the S& P 500 index rose by more than 9 %, which is the third largest gain for one day since World War II. The Nasdak Stock Exchange has seen its second best day and the largest progress since January 2001, while Dow has recorded its largest percentage since March 2020.
In addition, Jpmorgan, Wells Fargo and Morgan Stanley The results of the first quarter on Friday. A comment from the senior executives about the customs tariffs and their expectations of how they influence their companies will be under special scrutiny, as bank stock prices have turned with the market.
This story was originally shown on Fortune.com
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