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Wall Street supplies fell on Tuesday after a circle of consumer confidence information had deepened the concern of investors that Tariff Donald Trump would knock out the world’s largest economy.
The Blue Chip S&P 500 index fell 0.9 percent and the technologically heavy Nasdaq Composite fell 1.8 percent in morning trading in New York.
The US shares have grown sharply after Trump’s elections in November in the hope that they will bring economic policies of Pro-Business, with the S&P 500 hit the record lately last Wednesday.
But a series of disappointed reports on everything, from consumer feelings to the sale of the house, sent S&P 500 skating in the last four days.
The Conference Committee watched the consumer’s confidence measure carefully at 98.3, the purest decline since August 2021 and far worse than the prediction of 102.5 Wall Street.
The short -term prospects of consumer for the economy have first decreased since June 2024. Below the threshold that usually signals the recession in front.
At the same time, the report showed that the average 12-month expectations of inflation increased to 6 percent with 5.2 percent.
“This increase probably reflected a blend of factors, including sticky inflation, but also a recent jump in key household staples such as eggs and an expected influence of tariffs,” said Stephanie Guichard, a senior economist in the conference committee.
Guichard added: “There was a sudden increase in the mention of commerce and tariff.. Most importantly, comments on the current administration and his policies dominated in the answers.”
Economist Jpmorgan Abiel Reinhart repeated the feelings, saying, “It seems that political titles begin to cause to withdraw feelings.”
Investors are becoming “more unpleasant” because of the increasing list of negative economic data and a potential goal of US growth from Trump’s unpredictable tariff announcements, said Charlie Mcelligott, a Nomuri derivative strategist.
He added that Nomura clients have increased the purchase of derivatives known as options in recent days, which would become useful if the S&P 500 drops suddenly.
Defense supplies, including Dr. Pepper’s drink manufacturer, Campbell Cupbell Conservation Group and Colgate-Palmolive tooth producers increased more than 2 percent on Tuesday, while investors switched to market pockets that usually surpass the economy.
Technical shares, which have appeared in recent years and usually behave in economic time, sliding. Peter Thiela Palantir’s analysis company spilled 3.6 percent, Tesla fell 7.8 percent and the digital AD Group Applevin lost 8.6 percent.
Bitcoin, which is considered to be Proxy for risk feelings, fell by 7.5 percent to $ 86,940, while all magnificent seven -megacap technical groups were ongoing.
“This American rotation looks defensive,” said Andrew Lapthore Société Générale, who pointed out that investors are increasingly moving away from growth in the technological sector on the “low volatility” of stocks in healthcare, utility services and staples.
Tuesday moves followed after separate data from the University of Michigan at the end of last week indicated the emergence of weakness in the US economy so far.
At a meeting at the White House with French President Emmanuel Macron on Monday, Trump said his plans would impose a 25 -and -out tax on all Canadian and Mexican goods into force early next week.
Prices for some key goods, including aluminum, have already increased even before the imposition of the levies on the two largest trade partners.
Inflation is already working on elevated levels. Earlier this month, the data showed that the US inflation unexpectedly increased to 3 percent in January, with a sudden increase in egg prices caused by bird flu that increases prices.
The data published on Friday showed that the sale of homes of the previously owned fell 4.9 percent in January from the previous month, as customers fought with persistently high mortgage rates and elevated prices.
