The main indices of Wall Street went lightly lightly, and after a few weeks of racing due to the customs policy of the US President Donald Trump, trading became calmer.
This contributed to the Trump’s apparent mitigation of the customs ball, which even softened its rhetoric towards China.
American analysts estimate that the damage has already been done. Even if all the new tariffs were wondrously abolished, now in the coming months face the shortage of certain goods, price growth and weak economic growth.
The wider Index Standard & Poor’s dropped by 26.76 points, ie the 5,659.91 point, the industrial average of Dow Jones lost 68.05 percent, ie a week by the Nasdaq Composite for 48.81 point, ie 0.3 percent, to 17,928,92 points.
The indices have started a mild drop in the week. Dow Jones lost 0.24 percent on Monday, S & P 500 fell by 0.64 percent, and NASDAQ for 0.74 percent.
The fall was higher on Tuesday when the US Department of Trade reported that the US Trade Defense reached a record 140.5 billion dollars in March. Trump claims to increase customs in order to reduce the deficit in the external trade, and companies abruptly increased imports in anticipation of higher prices.
Dow Jones fell by 0.95 percent, S & P 500 by 0.77 percent, and NASDAQ for 0.87 percent.
Wednesday’s decision of the Committee for the Open Market of the Federal Reserve to leave interest rates to unchanged was expected, but investors reacted positively. Dow Jones rose by 0.70 percent, S & P 500 by 0.43 percent, and NASDAQ for 0.27 percent, SEEbiz reports.
Growth continued on Thursday when Trump announced a large trading agreement with the Great Britain, which has not yet finalized and does not abolish customs. But investors reacted with enthusiasm because it suggests that Trump is ready for concessions.
After announcing the late April of America’s customs, 90 days ago, only an incomplete agreement with the Great Britain, in early April, will decide in the United States, steel and aluminum.
Dow Jones increased by 0.62 percent on Thursday, S & P 500 by 0.58 percent, and NASDAQ for 1.07 percent. Investors did not dedicate a lot of attention to the U.S. Ministry of Ministry of Labor that the productivity of American workers in the first quarter of this year fell by 0.8 percent compared to the previous year due to the Great Britain’s agreement.
There were no economic reports on Friday, but Trump this morning, the day before the beginning of the negotiations between the American and the Chinese Trade Delegation in Switzerland, announced that customs china could be reduced from 145 to 80 percent. In Beijing they didn’t get it too seriously.
S & P 500 dropped on Friday for 4.03 points, ie 0.1 percent, Dow Jones for 119.07 points, ie 0.3 percent, and Nasdaq progressed by 0.78 points.
This year, S & P 500 lost 221.72 points, ie 3.8 percent, and 3.0 percent, ie 3.0 percent, respectively, and NASDAQ 1,381.88 points, ie 7.2 percent.
