(Reuters) – The New York Stock Exchange opened in dispersed order on Thursday, while investors evaluate not only the latest reversals of the trade policy of US President Donald Trump, but also a slew of business results.

In the first exchanges, the Dow Jones index loses 157.55 points, or 0.40%, at 39,449.02 points while the Standard & Poor’s 500, wider, increased from 0.06% to 5.379.26 points.

The Nasdaq Composite takes 0.26%, or 43.79 points, at 16,751.84 points.

US President Donald Trump strongly criticized the president of the American Federal Reserve (Fed), Jerome Powell, before retracting and left investors about the issue of customs duties imposed on China this week.

The Chinese trade ministry said on Thursday that the United States is expected to raise all unilateral customs duties against China if they really wanted to resolve the commercial problem.

“Trump does what he said that he would do in matters of customs duties, and even more. Although our basic scenario provides for a gradual drop in customs duties from now on, there is a deep uncertainty,” according to Paul Diggle, chief economist at Aberdeen.

Management of this uncertainty is one of the priorities of the quarterly results season, investors closely monitoring the prospects provided by American companies.

At the values, ServiceNow advances 12.7% after exceeding estimates in terms of profit for the first quarter.

IBM declined by 6.9% after announcing on Wednesday evening that 15 of its contracts with the US administration had been affected by the DOGE cost reduction program (Department of Government Efficiency).

Pepsico loses 1.55% after having lowered its profit target for 2025 on Thursday and warned against the increase in production costs and volatility linked to the potential customs rights of US President Donald Trump.

(Written by Mara Vîlcu, edited by Kate Entringer)

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