(Reuters) – The New York Stock Exchange opened on Friday, while the legal battle on American customs duties invites uncertainty to the investor program.
In the first exchanges, the Dow Jones index lost 92.01 points, or 0.22%, at 42,123.72 points and the Standard & Poor’s 500, wider, fell from 0.27% to 5,896.49 points.
The Nasdaq Composite gives way 0.29%, or 56.32 points, to 19,119.55 points.
Investors are trying to overcome agitated news. On Thursday, a Washington Federal Court of Appeal restored so -called “reciprocal” customs duties announced in April by Donald Trump after an appeal brought by the US administration.
The Manhattan International Commercial Court had ordered the blocking of these customs rights on Wednesday on Wednesday that the American president has exceeded his authority.
“This week’s judicial adventures added a new layer of uncertainty to a series of already worrying events,” said Richard Hunter, market manager at Investor Investor.
On Friday, Donald Trump accused China of having “completely raped” an agreement on customs duties with the United States. “China, unsurprisingly for some, has completely violated its agreement with the United States. No more playing the right guy,” said the American president in a message on his Truth Social network.
In addition, consumer prices in the United States have slowed down in April over a year, more than expected, according to data published Friday by the Commerce Department.
In values, Marvell Technology lost 6.36% after its results. Ulta Beauty advances 13.56% after having noted its annual profit forecasts.
Regeneron fell 16.9%.
* For the values ​​to follow, click on [L5N3S20H1]
(Written by Mara Vîlcu, edited by Kate Entringer)
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