by Johann M Cherian, Sukriti Gupta and Chibuike Oguh
(Reuters) – The New York Stock Exchange finished down Thursday in an increased climate of uncertainty surrounding the trade policy of US President Donald Trump.
The Dow Jones index sold 0.99%, or 427.51 points, to 42,579.08 points.
The larger Standard & Poor’s 500 lost 104.11 points, or 1.78% to 5,738.52 points.
The Nasdaq Composite fell for its part of 483.48 points, or 2.61% to 18,069.255 points.
Washington announced the suspension until April 2 of most customs duties aimed at Mexico and Canada, who came into force two days earlier, under the Canada-US-Mexico (ACEUM) Agreement.
“The fog of confusion thickens more and more unfortunately,” deplored Mark Malek, director of investments at Siebertnxt in New York.
“We receive a lot of different and contradictory information: the prices come into force, the prices are deleted, certain prices are deleted, etc.”
For his part, Bill Sterling, a global strategist at GW & K Investment Management, believes that “the uncertainty created by the rapid development of political declarations can particularly affect investment and the economy.”
“The other element that concerns investors is the scale of customs duties. They are much higher than those in 2018 and could increase inflation,” he added.
In addition, the United States’s trade deficit died in January at an unprecedented level, due to a sharp increase in imports upstream of the entry into force of new customs duties, suggesting that trade could weigh on economic growth in the first quarter.
The publication on Friday of the official monthly report on job creations, the unemployment rate and wages should constitute a new test.
In values, Marvell fell 19.81% after disappointing results. Other flea manufacturers have decreased in its wake, including Broadcom and Nvidia, pulling the general index of semiconductors down.
American car manufacturers General Motors, Ford and Tesla gave them between 0.41% and 5.61%.
(Written by Kate Entringer)
Copyright © 2025 Thomson Reuters
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
