(Reuters) – The S&P 500 and the Nasdaq Composite ended in dispersed order on Friday, after a session in a sawtooth animated in particular by the publication of a Financial Times article claiming that US President Donald Trump was planning to impose new high customs duties on European products.
According to the financial daily, the Trump administration is considering a rate above 10%, even in the event of a broader trade agreement with the European Union.
The Dow Jones index sold 0.32%, or 142.30 points, to 44,342.19 points. The larger Standard & Poor’s 500 lost 0.57 point, or 0.01% to 6,296.79 points. The Nasdaq Composite advanced on its side of 10.01 points, or 0.05% to 20,895.655 points.
This week had test value to assess the real impact of Donald Trump’s customs measures on the economy. A series of indicators delivered a contrasting table: solid retail sales, increasing consumer prices inflation, but stagnation of production prices in June.
The Consumer Confidence Index of the University of Michigan increased at 61.8 in July, although households remain concerned about future inflationary pressures.
The results season has also started, offering American companies the opportunity to show to what extent customs duties affect – or not – their activity.
The 3M industrial conglomerate fell after warning that the impact of prices would be felt above all in the second half.
“I think investors are a little tired of reacting to major securities on prices. They now want to see the concrete effects in the figures,” said Greg Boutle, head of the actions and derivatives strategy for the United States at BNP Paribas.
Among the 59 companies that have published their results in the second quarter, more than 81.4% exceeded Wall Street expectations, according to LSEG I/B/E/S data.
Charles Schwab progressed after publishing increasing profits. Financial regions jumped after raising his interest income forecasts for 2025.
Beating consensus, however, does not guarantee an increase on the stock market. American Express exceeded expectations, but his title fell. Netflix also dropped despite the success of “Squid Game”, which enabled the group to raise its annual turnover forecasts.
Elsewhere, the values linked to cryptocurrencies, including Robinhood Markets and Coinbase Global, progressed after the adoption by the House of Representatives of a bill aimed at establishing a regulatory framework for digital assets.
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