Dow Jones, Nasdaq, S & P 500: punitive tariffs on Brazilian steel dampen buying mood on US stock exchanges

Dow Jones, Nasdaq, S & P 500: punitive tariffs on Brazilian steel dampen buying mood on US stock exchanges

         Dow Jones, Nasdaq, S & P (********************************************************************************************************************************************************************** Economic policy decisions determined US trade on Monday. Among the losers in the individual values ​​include traders such as Amazon. The punitive tariffs on Argentine and Brazilian steel announced by US President Donald Trump sent US stock markets down on Monday. The accelerated downtrend in the US industry also kept investors from buying on the stock market. Economic news and economic news dominated the stock market, said Peter Cardillo, chief market economist at New York-based investment firm Spartan Capital Securities. As a result, retailers like Amazon could not benefit from the expectation of record Internet sales on the so-called “Cyber ​​Monday”. Trump accused the two Latin American states of manipulating their currency and increased the taxes on steel and aluminum. Meanwhile, negotiations in the US trade conflict with China have stalled, according to a media report. Finally, Trump admitted that Washington’s Hong Kong policy did not make talks with the Chinese any easier. Overview of the most important indices The Dow Jones Index of Standards included one percent lower 27. 783 points. The broader S & P 27 lost 0.9 percent on 3114 counters. The index of the technology exchange Nasdaq fell by 1.1 percent to 8568 digits. In Frankfurt, the Dax was two percent weaker at (*************.) 964 points out of trading. As expected, against the trend on Wall Street US steel stocks were among the winners: US Steel gained four percent, at AK Steel, the plus 4.7 percent. Despite the high expectations on the “Cyber ​​Monday”, Amazon and Target had to accept losses on the stock market of up to one percent. More: Stocks remain the only hope for the year 2020. Now on wiwo.de You want to know what drives the economy? Click here for the latest articles of WirtschaftsWoche. © Handelsblatt GmbH – All rights reserved. Acquire usage rights?          Services offered by our partners       
Read More

Leave a Reply

Your email address will not be published. Required fields are marked *