PARIS (Reuters) – The New York Stock Exchange opened on Thursday, investors digesting Wednesday’s rebound with the announcement of a break on American customs duties.
In the first exchanges, the Dow Jones index declines 691.33 points, or 1.7% to 3,9917.12 points and the Standard & Poor’s 500, wider, fell from 2.12% to 5341.17 points.
The Nasdaq Composite decreases from 443.008 points, or 2.59% to 16681.964 points.
Donald Trump announced a 90 -day break on “reciprocal” customs rights targeting imports from many countries on Wednesday, with the exception of China, supporting the American clues that closed up sharply yesterday.
Investors joined the new commercial situation on Thursday which also devotes an additional notch in tensions between the United States and China, Trump having focused customs duties on Chinese imports from 104% to 125%.
If the surprise drop in consumer prices in March is good news for investors, the markets focus on the potential consequences of erratic policies in the Trump administration, pending the first businesses for the first quarter of 2025.
At the values, General Motors loses 3.5% after UBS degraded the title of “buying” at “neutral” with the consequences of trade tensions.
Exxon Mobil and Chevron lose more than 2.5%, following the drop in oil prices.
(Written by Bertrand de Meyer)
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