Another correction session for Wall Street this Wednesday for the DOW JONES Ind Average, S&P 500 y NASDAQ 100 falling a -0.09% to 49,149 points, -0.48 to 6,930 points and -1.07% 25,465 points respectively. The market is waiting for the final decision of the US Supreme Court about the legal implications of Donald Trump’s tariffs after the first two opportunities. Many companies are awaiting the verdict, as they plan to present lawsuits against the government. None of the banks that presented results (Citigroup, Bank of America y Wells Fargo) is among the winning and losing stocks of the session after a few results within expectations in most cases.
According to Yahoo FinanceThe court had heard arguments from the Trump administration in early November. Both conservative and liberal justices raised skeptical questions about the method by which the president imposed his broader tariffs. Trump imposed his tariffs by invoking a 1977 law intended for national emergencies.
The Trump administration also filed appeals with the court last year, and in recent weeks, Trump has frequently expressed concern about the ruling, saying that losing the ability to impose tariffs on other countries would be a «terrible blow» for the United States. On Monday, he went even further.
«If the Supreme Court rules against the United States in this national security bonanza, WE ARE FUCKED!» Trump wrote on social media.
He US Treasury Secretary Scott Bessentstated in an interview that if the high court rules against Trump’s tariffs (something he still considers unlikely), the US Treasury has more than sufficient funds to cover the costs of any refund. However, he said he believes companies will not pass those refunds on to consumers.
«It won’t be a problem if we have to do it, but I can assure you that if it happens — and I don’t think it will happen — it’s just a corporate waste,» Bessent told Reuters. «Will Costco, which is suing the US government, refund its customers’ money?»
With respect to technology, investors are happy with the bidding war to get hold of Warner Bros. Discovery, Inc. between Paramount Skyd Rg-B y Netflix. «We are satisfied with the bidding war,» he declared. Bill Nygrento CNBC on Wednesday.
Given this morning’s IPP data, El Federal Reserve Bank of Minneapolis President Neel Kashkariwas optimistic about the economic outlook and expects inflation to decline, although it is unclear to what extent.
«My outlook for the US economy is quite positive growth going forward,» the official declared in a virtual event. «I think inflation is going down… The question is: will it reach 2.5% by the end of the year, something less or something more? I don’t know,» according to Yahoo Finance.
Among the winning actions This Wednesday we have Strategy Rg-A (+3.67% to 179.33 dollars), Mosaic (+5.48% to $27.65) and Chevron (+2.12% to $167.34)
The actions of Strategy They went up to the heat of the Bitcoin price rise. Since after falling to $90,000, the price has recovered to $97,000.
Mosaic rose this Wednesday in the middle of signs of recovery and interest by investors in the basic materials and fertilizers sector, according to TechStock2.
Far from the noise of Venezuela and its oil, Chevron, Exxon Mobil and B.P. They are having conversations with the Mexican government and the state oil company Pemex about possible oil exploration and extraction projects that could collectively produce up to 200,000 barrels a dayaccording to a report by The CEO.
The big oil companies have already presented proposals to the Minister of Energy, Luz Elena Gonzálezfor fields that require new capital investment. Each field could produce up to 50,000 barrels a day of oilthe report noted, citing people familiar with the matter as saying Investing.
Among the losing stocks we have AppLovin Rg-A (-7.61% to 617.76 dollars), Intuit (-6.38% to $566.69) and Microsoft (-2.31% to $459.80)
The actions of AppLoving fell this Wednesday despite the fact that Evercore ISI initiate coverage on the firm with a recommendation of “outperform” and a target price in $835. He analyst Robert Coolbirth rated the company as the dominant mobile advertising technology platform and stated that it is well positioned for long-term growth.
Coolbirth added that the core mobile game business of AppLovin continues to perform well, thanks to good industry trends and the company’s execution. He also mentioned a new ecommerce advertising channel which could considerably increase AppLovin’s market coverage, with the possibility of reaching between 8% and 10% of the market for fiscal year 2028 according to Yahoo Finance.
Intuit fell this Wednesday dragged by the Nasdaq crash. Which could also be reflecting a rotation of capital from growth to defensive stocks, according to Marketbeat.
Microsoft fell following a report from a person familiar with the company that it plans invest approximately $500 million annually in Anthropic’s artificial intelligence servicesas it delves into the startup’s use of technology across all of its products. Bill Gates’ firm also being one of its largest clients, according to Yahoo Finance.
Los Oil futures WTI was trading down a -1.64% at 60.13 dollars and the Brent down -1.50% to $64.49.
He Orowent up a +0.81% to $4,636 per ounce.
Bitcoin went up a +3.66% to $97,376.
He EUR/USD rose +0.02% in the 1.1644.
He US 10-year bond yield caen one -0.77% a 4.139 already 30 years -0.70 to 4.794.