The Dow Jones index drops 1.24% to 40,025 points in the New York morning. The largest fall is for Amazon, which is left 3.6%, for the 3.2% that Nike down. The increases are leaded by Verizon (+1.59%) and Caterpillar (+0.21%) among the few in positive. The S&P 500 drops 1.51%, in 5,478 points, while the Nasdaq falls 1.93% to 17,123 points.
Wall Street comes from a session from less to more yesterday Tuesday, in which the three large indexes closed upwards, with Dow Jones and the S&P 500 managing to splicing six consecutive earnings sessions, something that the Dow did not achieve since July last year, while in the S&P 500 you have to go back to November.
The indices held the words of the Secretary of Commerce, Howard Lutnick ensuring that the White House was close to announcing a commercial agreement, although the country did not mention. Later, President Donald Trump said that tariff negotiations with India «are going very well» and that the US could soon reach an agreement with the country.
April has been a month of very high volatility for the New York bag. Trump’s ‘reciprocal’ tariff announcement on April 2 triggered a storm in the markets, although the large indices have gradually reduced the losses of the month. It should be noted that the S&P 500 briefly entered a bearish phase on April 7, but since then only 0.9% has been recovered and lowered this month until yesterday. Much worse has gone to Dow Jones, which is on its way to a loss of 3.5% in April. The Nasdaq technological has risen approximately 0.9%.
Today, investors are attentive to a series of macroeconomic references that are expected to shed some light on whether or not the fears of a recession in the US are founded or not. Shortly before the opening, the first estimate of the GDP of the first quarter has been known. And it has meant a jug of cold water: The US economy contracted an intertrimestral 0.3% in the first quarteraccording to the data of the Department of Commerce. Economists They had increased 0.4% growth.
In a publication in Truth Social, Trump has attributed these weak figures to the outgoing Biden, urging Americans to «have patience !!!» since their policies «will take time» to take effect.
Meanwhile, the payroll processor ADP has announced the evolution of private employment In April, waiting for the employment report that will be published on Friday. The hiring was clearly stopped in April, with a figure of 62,000 new private sector payrolls, well below the 120,000 that the market had predicted and of the 147,000 of the March revised figure. Salary earnings increased 4.5% compared to the previous year for those who retained their jobs, which represents a decrease of 0.1 percentage points compared to March. However, those who changed jobs experienced an increase of 6.9%, an increase of 0.2 percentage points.
But in addition the Commerce Department has published the March reading of the Personal consumption price index (PCE)which is the most followed price variable by the Federal Reserve (FED). If economists had predicted a 2.2%rate, it has finally been higher, 2.3%. The underlying rate stood at 2.6%, in line with what was expected
In the business field, the quarterly results season is approaching its Ecuador. With 238 companies of the S&P 500 having published their accounts until yesterday, the average increase of the benefit per share is 10.1%, compared to the 6.7% expected before the publication of the first company. According to Bankinter analysts calculations, 76% of companies beat results, disappoint 20% and the remaining 4% is in line with what is expected. In the last quarter (4t 2024) the benefit per share increased by 14.3%, compared to 7.5% expected initially.
Today, investors are waiting for two of the so -called 7 magnificent, Microsoft and Meta (Facebook), publish their results after the closure of the regular day.
In the fixed income, after the data of GDP and payrolls of the private sector, The profitability of the US bonus at ten years drops to 4,170%.
Yesterday night he presented his Starbucks accounts, which records 9.5% falls in the opening after Do not reach profits and income estimates in your second fiscal quarter. The company behind the famous coffee shop chain registered sets adjusted per share of 41 cents over 8,760 million dollars in income, while the analysts surveyed had predicted 49 cents in earnings per share and 8,820 million in revenues. In addition, Starbucks reported sales figures in comparable stores that reflected a decrease due to a consecutive fifth quarter.
Booking Holdings falls more than 2% in the New York morning. The online supplier of travel reserve services reached 46.7 billion of gross reserves, exceeding the consensus estimate of 46,530 million. The gross and net results of Booking Holdings for the period firmly exceeded expectations, however.
Etsy rise movements after Overcome Wall Street expectations with your first quarter income. The company reached a figure of 651 million dollars, compared to the 643 million that analysts had predicted. The company «remains agile in the face of uncertainty, given the recent tariff announcements and the instability of consumer confidence in our main markets,» he says in a statement.
Yum Brands presents mixed results, weighed with A larger drop in expected in comparable sales of Pizza Hut. Thus, the company reached earnings per share of $ 1.30, over 1,790 million dollars in revenue. The analysts had predicted gains of $ 1.29 per share, but revenues of $ 1,850 million.
In raw material markets, oil prices extended descents and were aimed at their greatest monthly drop in more than three years, as the worldwide commercial war eroded the prospects for fuel demand, while the fears of a growing offer also weighed. The futures of the American West Texas fall 0.86% to $ 59.90 per barrel, while international reference brent is paid at $ 62.72, with a decrease of 0.88%.
Gold prices fall and move away from the maximums just a few days ago, with a decrease of 1.15% to mark $ 3,304,35.
The euro drops today 0.15% against the dollar, with the exchange rate in $ 1,1368 for each community currency.