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The US shares suddenly fell on Tuesday with shares in technological groups, including Tesla’s Elona Musk, while investors continued to bother about the economic and trade policy of President Donald Trump.
Blue Chip S&P 500 ended the session 1.1 percent lower, with nine of the 11 index sectors in a negative territory and Consumer Cyclicalswho tend to fall at the time of growing concerns because of the economy, publishing some of the fiercest falls.
Technologically heavy Nasdaq Composite fell 1.7 percent, deleting on Monday. Tesla dropped 5.3 percent – extending the recent fall that broke him for half of his December – and Nvidia Lost 3.4 by.
The fall are the latest sign that investors remain deeply concerned about Trump’s tariffs on the largest American trade partners and their potential for slowing growth and increasing inflation. Bank of America’s research posted on Tuesday showed that investors made The “greatest ever” cut their American extracts in March.
New York Federal reserves A study of business leaders, published on Tuesday, found that the business environment in the region was “significantly worse than normal” because employment was decreasing, and the entry prices for the industry increased the fastest pace in almost two years.
A separate report by FED showed that US industrial production increased by 0.7 percent in February, which is much more than 0.2 percent of analysts increase. Reading should “calm concerns [US] The economy is at the height of the recession, “said Bradley Saunders of the capital economy.
He warned, however, that the “withdrawal” from Trump’s aggressive tariffs “is yet to be properly entered into force”, which means that “there was a lack of [US] Industry over the coming months ”.
Previous high -technological shares fell more than the majority because investors were moving away from the risk shares, and the index followed the so -called magnificent seven Apple, Amazon, Alphabeta, Meta, Microsoft, Nvidia and Tesla descended 17 percent, as the S&P 500 reached a record high level of February 19.
Merchants also hosted for the outcome of the last meeting of federal reserves on Wednesday. Although investors are widely expected that the central bank will leave interest rates unchanged, any hint of President Fed Jay Powell will be carefully observed about the health of the world’s largest economy.
The dollar fell 0.1 percent over the rival basket. The currency has already deleted all gains from the US presidential elections in November.
