New York (AP) -The threat Punishment of trade war On Monday, I sent a Wall Street to a roller coaster. After suddenly falling anxiety About the president Donald Trump tariffU.S. stocks reduced the loss after saying Mexico negotiated. 1 month grace。
S & P 500 fell 0.8 % after the Asian and European indexes recorded worse drops. Dow Jones’s industrial average lost 122 points (0.3 %), and Nasdaq Composite sank 1.2 %.
The US stock market was progressing smoothly due to much worse loss at the beginning of transactions on how much worried. pain US companies will feel for tariffs. The S & P 500 fell for a short time of nearly 2 %, and Dow dropped by 665 points.
Some of the heaviest losses attacked other companies that could be more damaged interest rate This can be caused by the announced US tariffs. Imports from Canada, Mexico and China。
Wall Street falls down, but it’s not as terrible. There are more in Damian Troise, AP business correspondent.
That’s the fear of hanging on Wall Street Trump tariff You can push up food, electronics, and prices All other types of invoices For US households, apply pressure to the United States Mainly decelerated inflation Three since the peak before summer. Stubborn or accelerated inflation can prevent the federal preparation system from reducing interest rates. Started in September To give US economy Boost. On the other hand, the interests of US companies may face downward pressure due to the slowdown in global trade.
However, the U.S. stocks reduced their loss after Mexico’s President Claudia Shainbaum said. The tariffs of products in her country are on hold One month following the conversation with Trump. Dow grew shorter in the afternoon and made a slight profit. After the US stock market was closed that day, Canada’s Prime Minister Canada said that his conversation with Trump had a 30 -day suspension.
Most of the Wall Street wants to discuss Trump’s tariffs through the presidential election campaign, which is exactly the opening point for negotiations with US trading partners, not a permanent policy. did. Monday Sibel in Mexico and Canada reveals whether Trump is using tariffs as a tool for negotiations.
However, when the trader came to think on Monday morning The tariff was imminentThe fear has risen rapidly on the possibility of escalating in a trade war, which can impair the economy around the world, including the United States.
“I live in the Midwest, and I may feel the latest and most of the trade war,” said Bly Angn Jacobsen, Chief Economist for Annex Wels Management. “Our refiner cannot be easily switched from Canada crude oil.”
Crude oil prices swayed on Monday in uncertainty. The price of a US crude oil benchmark barrel was about $ 75 to $ 75 on Friday, and the US stock market opened on Monday and temporarily returned to $ 72.
Trump himself warned Americans You may feel “pain” He said that he was “worth the price” to make the United States great again. He also said on Sunday night that imported taxes would probably occur in the European Union and probably the UK.
Some of the Wall Street remains skeptical about how long the trade war lasts, especially when Trump pays attention to the stock market. According to Solitamarceri, the highest investment in UBS Global Wels Management, said:
Contellation Brands, a company that sells Modero beer and Corona beer in the United States, has decreased by 3.5 %. Best Buy, which sells electronic devices made around the world, has lost 2.4 %. Brownphones, the company behind Jack Daniel, which sells alcohol in Canada, decreased by 3.3 %.
S & P 500 fell 45.96 points and fell to 5,994.57. Dow dropped 122.75 points to 44,421.91, and the NASDAQ composite sank from 235.49 to 19,391.96.
Instead of stock CipherIn addition, the price was noisy, but the investor moved to long -term US government bonds instead. This is considered as part of the safe investment as possible. The rally of the resulting price promoted the Ministry of Finance’s surrender.
The Ministry of Finance’s yield fell from 4.55 % on Friday to 4.53 % after a lower decline of 4.46 % in the previous 4.46 %.
This is at least temporarily due to the increase in yields of the Ministry of Finance, which temporarily shaked Wall Street in recent months. I was worried about the yield About the possibility of higher interest rates for stubborn and high inflation.
The Junior Treasury yields rose to Monday due to the declining expectations for the Fedb of the Fed. The yield of the Ministry of Finance has risen from 4.21 % to 4.25 %.
Higher yields put pressure on all kinds of investment, especially the most expensive stocks.
It focuses on a company like a company nvidia Other winners of the artificial intelligence boom. NVIDIA fell 2.8 % and was one of the heavy weight of S & P 500.
Such an AI superstar has already come I was under pressure last weekAfter A Chinese emerging companies He said he has developed a large language model that can perform as well as a large -scale US rival, but does not need to use the most expensive top flight chips.
Trump’s tariffs appeared on a central stage in a week when other events usually take a spotlight, including a report on Friday, which shows the number of workers hired last month. This week, many interest reports are planned from alphabets, Amazon, and other very influential companies.
Overseas stock markets decreased 1 % in London, 1.2 % in Paris, and 1.4 % in Frankfurt. In Asia, Korean KOSPI sinks 2.5 %, and Japan’s Nikkei 225 fell 2.7 %.
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AP business writer Matt OTT and Yuri Kageyama have contributed.
