Mixed stocks, Trump criticizes Powell
Mixed stocks, Trump criticizes Powell
New York, CNN-American stock markets were inconsistent on Thursday morning after President Donald Trump had asked for a dismissal of Jerome Powell, the chairman of the Federal Reserve. Trump criticized Powell because he did not lower interest rates quickly-a complaint that he has already expressed several times in a long-lasting discussion between the President and the Fed boss.
Current market development
The Dow Jones Industrial Average lost 500 points or 1.26 %, while the wider S&P 500 increase by 0.4 %. The technology -oriented Nasdaq Composite grew by 0.5 %.
Trump attacks Powell
The futures of the Dow fell strongly on Thursday morning after Trump expressed harsh criticism of Powell on social media. The Dow was burdened by Unitedhealth Group ( UNH ), which fell by 18 % after the health roye had reduced its profit forecast for this year.
Trump wrote: "Jerome Powell from the Fed, who is always too late and wrong, published a report yesterday that was another, typical, complete 'mess'! Powell's discharge cannot come quickly enough!"
economic challenges
Powell expressed on Wednesday at a business event in Chicago that Trumps Zölle modern history . These could heat inflation and slow down economic growth, which complicates the tasks of the Fed and the business forecasts. This led to a quick sales pressure, with the Dow 700 points or 1.73 % deep. The S&P 500 fell by 2.24 % and the Nasdaq Composite 3.07 %.
Powell said: "We could be in a challenging scenario in which our dual mandate goals are in tension." Companies in the quarterly conferences have stated that uncertainties make planning extremely difficult. United Airlines (
"The current developments are reminiscent of us that market movements are likely until there is more clarity about the prospects for the tariffs," said Solita Marcelli, Chief Investment Officer for America at UBS Global Wealth Management, in a message on Thursday. The stock markets suffered sharp losses on Wednesday, after Nvidia ( nvda ) had announced that it had to be deprived of 5.5 billion dollars, there The US government imposed fresh export restrictions on the sale of its H20 chips to China. Dan Ives, Analyst at Wedbush Securities, noticed in a message on Thursday: "Since Trump's announcement of his plans for 'mutual' tariffs on April 2, a lot of fear on the market." Trump announced on Thursday morning that on Wednesday he had a “very productive conversation” with Mexico's President Claudia Sheinbaum. "I also spoke to high -ranking Japanese sales representatives," wrote Trump. "It was a very productive meeting. Every nation, including China, wants to meet! Today, Italy!" The return of the 10-year US state bonds was around 4.29 %, which is a slight increase compared to Wednesday. The US dollar index also recorded a slight growth after it had fallen on a Drei-jahr
The European Central Bank reduced the key interest rate on Thursday, since Trump's tariffs could have an impact on the region's economy. The European leading index Stoxx 600 fell by 0.37 %in the afternoon
The US exchanges will remain closed tomorrow for Good Friday. This is a developing story and is updated. market forecasts and reactions
political developments
market status and predictions
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