The shares of General Motors collapsed 8.12% after informing an impact of 1,000 million dollars on its results of the second quarter due to tariffs, which fueled the concern of investors on the commercial policy of President Donald Trump.
However, Tesla went up a day before her quarterly report and Alphabet, which will also report on Wednesday, advanced.
LEE: The drop in the dollar mitigates the effect of tariffs on leading companies in the US
Wall Street actions closed disparate on Tuesday, while investors focused on recent and future quarterly reports, and observed signs of progress in commercial negotiations with the United States.
The optimism for the strong expense in artificial intelligence has promoted a rebound in the most valuable companies of Wall Street, with the S&P 500 index quoting near historical maximums.
“The market is consolidating recent profits and is in a waiting pattern with some important catalysts over the next weeks, including the deadline of August 1 for the application of tariffs and key results of the companies known as ‘The Magnificent Seven’,” said Ross Mayfield, Baird investment strategy analyst.
Other great technological ones retreated, as goal Platforms and Microsoft.
The American commercial policy remains an important point of uncertainty for investors and companies, especially with the self -imposed date of August 1 by Trump so that several countries reach agreements with the White House.
According to preliminary data, the S&P 500 advanced 0.07% to 6,309,90 units, the Nasdaq Composite dropped 0.39% to 20,892.93 units, and the Dow Jones industrial average rose 0.40% to 44,498.84 units.
After the disparate economic data of last week, the operators practically rule out a cut of interest rates by the Federal Reserve at the next monetary policy meeting, although they now see a probability close to 60% of the reduction occurring in September, according to the CME Fedwatch tool.
With Reuters information
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