US actions fell and ended the week with losses, after President Donald Trump recommended 50% tariffs on European products, reopening a new front in world commercial tension and causing more uncertainty in the markets.
The three main Wall Street indices cut their initial losses, but ended up down and gave up more than 2% in the week.
Apple played a minimum in two weeks and ended up down after Trump warned the iPhone manufacturer who could face 25% tariffs on phones sold to US clients but manufactured outside the country.
Treasury yields dropped from maximum of several months. The 10 -year bonus returned 4.4 base points, to 4,509%.
“If I had to put a headline in today’s history, it would be ‘Here we go again!” Said James St. Aubin, Investment Director of Ocean Park Asset Management.
Lee: Trump tariffs push the price of new vehicles to historical maximums in the US
“This is Trump uploading the temperature in the conversation about tariffs with the EU and Apple. The markets expected the worst thing to have happened in terms of tariff rhetoric. But in reality, there are still some smoking embers in terms of the tariff conversation,” he added.
According to preliminary data, the S&P 500 lost 40.09 points, or 0.69%, to 5801.92 units, while the Nasdaq Composite dropped 184.91 points, or 0.98%, to 18,740.82. The industrial average Dow Jones fell 246.10 points, or 0.59%, to 41,612.99 units.
In the week, the S&P 500 fell 2.6%, Nasdaq fell 2.5%and Dow Jones also gave 2.5%.
Most megacapitalization and growth values fell, including Amazon, Nvidia and Meta Platforms.
Lee: Not only against Apple: Trump extends tariff threat to other technological
The CBOE Volatility Index, the “Fear Meter” of Wall Street, reached a maximum of more than two weeks. The semiconductor values fell.
With Reuters information
Do you like to inform yourself for Google News? Follow our showcase to have the best stories
