The Dow Jones index rises 0.55% in the New York morning to 42,753 points. At the head of the increases Caterpilla is placed, with increases of 2.5%, by the 1.8% that Boeing is noted. On the decrease side, Apple drops 1.5% and IBM by 1%. The S&P 500 rises 0.48%, at 5,805 points, while Nasdaq rises 0.52% to 18,380 points.
The large New York indices come from two consecutive days of falls after the entry into force of The new tariffs to Mexico, Canada and China and retaliation measures announced by these countries to exports from the US. Only yesterday, Dow Jones ended up falling 670.25 points, or 1.55%, while S%P 500 ended up giving 1.2%.
The Nasdaq was the one that best aged the guy thanks to the entry of money into values such as Nvidia, but still ended up giving 0.35%. He technological index had come to flirt during the session with entering the correction territoryas is called when more than 10% from the last maximum.
One more day, Wall Street is marked by the threat of a full -fledged commercial war. However, today the hopes that the situation can be redirected seem to be opened, after The Secretary of Commerce, Howard Lutnick, has indicated in statements to Fox Business that the US could meet with Canada and Mexico to “solve something” about tariffs.
The framework to relieve tariffs would be a commercial agreement that was negotiated during Trump’s first mandate. The possible agreement could be announced on Wednesday, although Canada and Mexico “have to do more” to end the deaths from fentanyl overdose in the US, the justification that the president has used for tariffs.
“What we have emphasized again and again is that Trump introduces uncertainty. Now we are at a point where a single tweet or a single information publication can significantly change the interpretation of how markets are seen, ”laments Michael Green, head of Simplify Asset Management.
Green warns that a growing commercial war, exacerbated by retaliation tariffs, could put a brake on the economy in the future, although it is not yet known what the long -term perspectives will be.
Today on the macroeconomic agenda, the figures of the PMI services, with a 51.0 reading in February which is better of 49.7 planned, although it falls from 52.9 of the previous month. The compound PMI is 51.6, also above the expected ((50,4). Meanwhile, The non -manufacturing ISM scale at a 53.5 readingabove the expected (52.8) and the January data.
The report has also been known PRIVATE SECTOR EMPLOYMENT ADP In February, the first of a series of labor market references that will lead to Friday with the Employment Report of the Labor Department. Private sector hiring increased by 77,000 in Februarywell below the 140,000 that had anticipated the market. The January data had shown a figure of 183,000 jobs created.
In the business field, the last leaflets of the results season continue.
Yesterday after the closure presented Crowdstrike, which registers strong falls of the environment of 6.5% in the New York morning. The cybersecurity company has defrauded, above all, with its guides for the year: it provides that its annual income is between 4,740 and 4,810 million dollars, which encompasses the prediction of 4,770 million dollars of the market consensus. While, Crowdstrik.
In the retail sector, Ross Stores records decreases of 1.4% in the opening. And that the profits of the fourth quarter exceeded the estimates, when they were $ 1.79 per share, compared to $ 1.66 per share the analysts expected.
Abercrombie & Fitch falls 9.8% in the opening of the session after disappoint with your sales guide for the year. The company predicts an increase in income between 3% and 5%, well below the 6.8% growth estimated by the market. The good news is that the company has broken the forecasts with its report of the fourth quarter; It reached earnings per share of $ 3.57, on revenues of $ 1,580 million, when the market had predicted $ 3.54 per earning share and $ 1,570 million.
Falls of more than 6% for Campbell Soup, which registered Income of 2,690 million in its second fiscal quarter, below the expected 2,740 millionwhile the earnings per action were 74 cents. The company estimates for the year gains between 2.95 and $ 3.05 per share, below the $ 3.13 estimated by the market consensus.
Meanwhile, the values of the automobile sector bounce today before the hope of a US trade agreement with Canada and Mexico. Ford Motor shares rise 1.75%, while General Motors advances 4.27%. The Tesla electric cars manufacturer rises 0.35%.
Also for chips manufacturers such as NVIDIA (+0.7%) or Broadcom (+1.2%), while investors evaluate Trump’s latest statements, which believes that legislators should get rid of a historical 2022 bipartisan law on subsidies to the semiconductor industry.
In raw material markets, oil prices fall for third consecutive session, given the concern of investors for OPEC+ plans to move forward with production increases in April, and while investors evaluate the implications of a commercial war.
American West Texas Petroleum Futures decrease by 2.51% to $ 66.52 per barrel, while international reference Brent falls 2.01%, 69.60 dollars. Both contracts are at a minimum of several months.
Meanwhile, gold continues to assert its condition as an active refuge and rise supported by a weak dollar and uncertainties surrounding the trade war initiated by Trump. Cash gold rises 0.31% to $ 2,929, after rising almost 1% on Tuesday. Yellow metal prices reached a Historical maximum of 2,956.15 dollars on February 24 And they have earned 11% so far this year.
In the currencies, the dollar is minimal of three months compared to its main peers. The euro rises 1.03% in front of the green ticket to mark a change rate of $ 1,073 for each single currency.
In the fixed income, the profitability of the bonds moves up, with the ten -year bonus paying 4.208%, while the two -year bonus offers a yield of 3,918%.