The Dow Jones closes the week with advances of 5%, 7.3%for Nasdaq, in its best week since November 2022 and the S&P 500 also marks its best stock market, this time since November 2023, after rising 5.7%.
However Wild volatility, with constant and determined sign changes Because of the good and bad data and reading the statements, they have sown uncertainty in the market, despite the great week closed in the final computation.
With the good data of wholesale inflation, but the statements of the main bank managers who have presented results and, especially, those of the JPMorgan Chase CEO, Jamie Dimon, the May May Bank, have changed the positive bias that was maintained despite the fact that China has returned to counterattack in terms of tariffs.
The CEO of JPMorgan points out that he hopes that S&P 500 profit estimates check your sales expectations by 5%even, to a greater extent because of the uncertainty and volatility created for companies due to Donald Trump’s decisions regarding tariffs that have affected companies much.
For its part, el CEO de BlackRock, Larry Finkhighlights the US is very close to a recession and that, even at this time with negative growth, the first economy in the world could already be in these moments.
The lace came, given the extreme volatility of the market that has arrived, after a negative start to place itself positively, with The consumer’s confidence of the University of Michigan. The data collapses in April-because it is an indicator of those known as advanced- before the general fears of inflation. Specifically, it has marked its highest level, the one related to prices, since 1981.
The result of the consumer trust survey in the mid -month fell to 50.8, from 57.0 in March and below the consensus estimate of the Dow Jones of 54.6. This figure represented a monthly variation of 10.9 % and was 34.2 % lower than the previous year.
The inflation expectation of the respondents for next year was shot at 6.7%, its highest level since November 1981 and compared to 5% in March. On the five -year horizon, the expectation amounted to 4.4%, an increase of 0.3 percentage points compared to March and the highest level since June 1991.
Wall Street comes to suffer a session with losses yesterday. The Dow Jones lost 1,015 points or 2.5%, while the S&P 500 fell 3.46%. The Nasdaq Composite, with a strong technological component, closed the day with a 4.31 %decrease.
However, the three major indices are aimed at registering solid profits during the period. The S&P 500 is on its way to a advance of 3.8%, its best weekly performance since November. The Nasdaq is aimed at a gain of 5.1% and The Dow Jones at an advance of 3.3% until the closing of yesterday Thursday. Much has to do with Spectacular Wednesday behaviorday when the indices shot after announcing Trump a 90 -day extension for some of their high ‘reciprocal’ tariffs. That day, the S&P 500 rose 9.52%, its third largest gain in a single day since World War II, while Dow Jones shot more than 2,900 points (+7.87%) and Nasdaq 12.16%, the largest rise since 2001.
Of course, the indexes remain considerably downward since April 2, when the White House announced the so -called ‘reciprocal’ tariffs on products from other countries. Since then, the S&P 500 has fallen by 7.1%.
Today, These are the current American tariffs: 25% tariffs on aluminum, cars and products in Canada and Mexico not included in the treaty between the US, Mexico and Canada; 10% tariffs over all other imports; and 145 % tariffs on all products from China.
The Asian giant has today redoubled his pulse with Trump, increasing their tariffs on US products from 84% to 125%. “Even if the US continues to impose tariffs higher, it will no longer make economic sense And it will become a joke in the history of the world economy, ”said China’s Ministry of Finance, according to a translation of the CNBC.
The high uncertainty for tariffs arrives at a time when the season of quarterly results with the results of three of the great banks, such as JPMorgan Chase, Wells Fargo and Morgan Stanley, as well as Blackrock.
But beyond the accounts they present, «it will be very relevant what their managers can say about how they see their businesses, if they have sufficient visibility for it,» says Juan J. Fernández-Figares, of Link Management. «If not, and show a high uncertainty about the future of their businesses in the next quarters, the tension could return to the bags.»
At the moment, JPMorgan Chase has presented Income of $ 5.07 per share on income of 46,010 million dollars exceeding 44,110 million dollars expected by analysts. The CEO of the bank giant, Jamie Dimon, has warned that «the economy faces considerable turbulence (including geopolitics), with the possible benefits of fiscal reform and deregulation, and the possible inconveniences of tariffs and ‘commercial wars’, persistent and persistent inflation, high fiscal deficits and prices of assets and still quite high assets and volatility.» “As always, we expect the best, but We prepare the company for a wide range of scenarios”He added.
Blackrock recorded a drop in its first quarter on Friday, since the world’s largest asset manager was affected by the increase in expenses to 3,580 million dollars. The adjusted benefit of the quarter amounted to $ 11.30 per share, compared to $ 9.81 per share a year ago, while assets under New York firm management increased to 11.58 billion dollars.
Already from Wells Fargo publishes results that are very liking the market. Its net income of the first quarter increased 6% compared to the year prior to 4.9 billion dollarsexceeding the 4,000 million dollars waiting for Wall Street. The bank reported earnings per share of $ 1.39 for the quarter; The analysts had predicted $ 1.23. The income was $ 20.15, 3% less than the previous year and did not reach 20.72 billion expected dollars.
Meanwhile, his CEO, Charles Scharf visualizes The continuation of volatility and also uncertainty And they prepare in the entity, he points out, for what will be a slower economic environment throughout 2025.
And Morgan Stanley, raises its quarterly results above expectations, with profits per share of $ 2.60 compared to the 2.20 expected, compared to the revenues of 17,740 million dollars while the market was waiting for revenues of 16,580 million.
But all of them, despite their positive march in pre -critic positions before the market turn.
As for the macro data, the session encourages the first reference we have met. The low producer price index, which is known as wholesale inflation drops for the first time in 17 months, 0.4% in March And the year -on -year rate is reduced to 2.7%, which applauded in principle Wall Street, due to the fall in the price of fuel. Meanwhile, the underlying rate drops a tenth in the month and is placed, at interannual, at 3.3%, 0.1% below the month of February.
In raw material markets, oil prices go up this Friday, but there are ways to go back for the second consecutive week in the face that the commercial war between the US and China, the world’s largest economies, affect crude oil consumption as its dispute stops economic growth. American West Texas futures rise 0.83% to $ 60.57 per barrel, while international reference Brent is paid at $ 63.75 (+0.66%).
Meanwhile, gold asserts its assets of asset refuge and exceeds $ 3,200 for the first time in history, with a rise of 2.28% to 3,232.10 dollars per ounce. It is the largest rise since September 2022 in percentage and joins yesterday, to close a week of glory with profits greater than 6%.
It does not seem so much refuge, however, the American bonus: today the return of the title to ten years rises to 4,492%, after it had dropped after the wholesale inflation data up to 4.1%
Meanwhile, the dollar continues to lose bellows in front of its main international peers, with the euro today raising 1.88% against the green ticket to a crossing $ 1,1399 for each community currency.
Besides, The dollar index is placed in this session, Again, after breaking it yesterday, andn its lowest level since last September. And does it after registering 1.8%cuts, which means its greatest fall since 2022, around at the level of 99.76.