By chuck mikolajczak
New York (Reuters) – The New York Stock Exchange ended in dispersed order on Friday, investors gauging President Donald Trump’s comments on Chinese customs duties while this weekend of commercial negotiations between the first world.
The Dow Jones index sold 0.29%, or 119.07 points, to 41,249.38 points. Standard & Poor’s 500, wider, lost -4.03 points, or -0.07% to 5,659.91 points. The Nasdaq Composite advanced on its side of 0.78 points, or 0.00% to 17,928.916 points.
Donald Trump cooled certain investors after declaring that Beijing had to open its market in the United States and that 80% surcharge seemed “fair”. For the moment, they are 145%.
The American and Chinese delegations must start this weekend in Switzerland new talks to alleviate trade tensions between the first two world economies.
“China is the main subject, and this is where the consequences are the most important due to long -term business practices that must really be improved,” said Russell Price, chief economist at Ameriprise in Troy, Michigan.
The markets have been volatile since the establishment of “reciprocal” customs duties announced by Donald Trump on April 2 but they flirt again at levels close to those they posted before the announcement of the American president.
Reuters, citing two sources, has reported that India has offered to reduce its tariff difference with the United States to 4% against almost 13% in exchange for an exemption from current and potential “customs of customs rights” on the part of Donald Trump.
A few days after the Federal Reserve (Fed) left its interest rates unchanged, Fed political leaders underlined the growing economic risks linked to Trump tariffs on Friday, echoing the comments of President Jerome Powell at the meeting of the start of the week.
At the values, Expedia dropped 7.3% after missing quarterly income estimates.
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