Futures linked to the Dow Jones index fall 0.49% to 41,018 points, while those of the S&P 500 decrease 0.60%, in 5,616 points. Nasdaq futures decrease 0.84% to mark 19,799 points.
Wall Street comes from a downward session yesterday in which the S&P 500 ended its longest continuous rise streak since 2004. The index was finally left 0.64%, for the 0.74% that the Nasdaq technological one retreated. The Dow Jones was the one who behaved best, but ended up losing 0.24%, also its first day in red after 9 days of advance.
The market is still aware of tariff uncertainty, while the expectations of agreements that encouraged a rebound gradually become impatience. Yesterday the secretary of the Treasury, Scott Besent, declared the CNBC that «we are very close to reaching agreements», echoing Sunday’s Trump comments, who claimed that the agreements could arrive this week. A Bloomberg report, which cites sources close to negotiations, indicated that India has proposed zero tariffs for certain products.
However, Official agreements between the US and its commercial partners have not yet been announced.
Meanwhile, the monetary policy meeting of the Federal Reserve passes to the forefront, the first one celebrated by the institution presided by Jerome Powell from the announcement of Trump reciprocal tariffs on April 2. The meeting will begin this Tuesday, although the announcement on interest rates will not arrive until Wednesday afternoon. While operations with federal funds are suggested by a probability of only 2.7% that the Central Bank cuts the types, operators will be attentive to Powell’s comments about the economic and monetary perspectives that the institution manages.
«We could see temporary interruptions in the supply chain and a slowdown in growth, or even a brief and superficial recession. This could also temporarily affect inflation and keep the Federal Reserve in a difficult position in terms of flexibility with interest rates,» says Megan Horneman, director of Green Investments Capital Advisors. «However … we don’t see this as a prolonged disruption.» «Countries around the world are too interconnected and depend on each other to not see some agreements achieved sooner than later.»
In fixed income, always very aware of monetary policy, The profitability of the US debt bonus at ten years rises to 4,359%.
In the macroeconomic field, before the opening the data of the March balance, just the month before the tariffs will be known.
Meanwhile, the quarterly results season already faces its last third. Until yesterday, 373 S&P 500 companies have submitted their accounts, with an average increase in the benefit of 12.5%, compared to the 6.7% expected before the publication of the first company. According to Bankinter calculations, 75% of companies beat results, disappoint 21% and the remaining 4% are in line with the expected. In the last quarter (4t 2024) the benefit per share increased by 14.3%, compared to 7.5% expected initially.
Yesterday after the closure of the regular day he presented his accounts Palantir Technlogies, which records 8.3% falls in the pre -opening. And that complied with market expectations, with profits per action of 13 cents. The revenues of technological amounted to 884 million dollars, above the 863 million planned by analysts.
The company, which offers software and technological solutions of AI for governments and companies, It has raised its income forecasts for the full year, placing them between 3,890 and 3.9 billion dollars. In the current quarter they will be between 934 and 938 million.
Falls also for Mattel, which has eliminated its financial objectives by 2025 while announced price increases from some products to counteract the highest costs for tariffs. «Given the volatile macroeconomic environment and the evolution of the tariff landscape in the US, it is difficult to predict consumer spending and Mattel’s sales in the US during the remainder of the year and the Christmas season,» said the manufacturer of the popular Barbie.
In the first quarter, the toytera reached an income of 827 million dollars, compared to the 786 million that analysts had planned. The result showed losses of 3 cents per share, compared to the 10 cents augured by the market.
VERTEX Pharmaceuticals has presented adjusted earnings of $ 4.06 per share, below $ 4.3 per share planned by analysts. The revenues of 2,770 million dollars were also below the estimates of the analysts, who had handled a figure of 2,850 million dollars.
In raw material markets, oil prices bounce after the falls in the previous session, caused by the OPEC+ decision to accelerate production increases. American West Texas futures rise 2.59% to 58.61 dollars per barrel, while International Brent Petroleum advances 2.49% to $ 61.72.
The price of gold rises 1.30% to 3,377.70 dollars per ounce, although it remains far from the $ 3,500 it came to play last April.
The change between the euro and the dollar is located today without too many changes, with a cross of $ 1,1315 for each community currency.