Futures linked to the Dow Jones index lower 335 points, or 0.79%, to mark 42,342 points, while those of the S&P 500 decrease 0.59% to 5,905 points. Nasdaq 100 futures fall 0.63% to mark 21,232 points.
Wall Street comes from a downward day Tuesday. The Dow Jones dropped more than 100 points, ending a positive three -day streak, while the S&P 500 left 0.39%, where appropriate the first day in red after a busy run of six consecutive days. The Nasdaq technological ended up closing down.
It is a brake in the important rebound that the large indices have registered in recent weeks, in which investors have been celebrating progress in commercial agreements after the announcement of President Donald Trump of broad and elevated tariffs last month. The three indicators remain above their price level of April 2, the day Trump presented its import tax policy.
The S&P 500 is even positive so far this yearan abrupt change of trend after falling at a given time, intradic, in bearish territory, a term that refers to a drop of at least 20% from a recent maximum.
«The recovery of the stock market during the last month has been extraordinary, both in speed and scale,» explains Kristian Kerr, Macro Strategy Director of LPL Financial. «While it may be tempting to interpret this powerful rebound as a definitive sign that the risks have decreased, the reality is that a lot of uncertainty persists.»
And also now a new threat arises, from the hand of The discussions in Washington on the Trump Tax Cuts Billwhich has been affected by republican internal struggles.
The Regulation Committee of the House of Representatives, an internal control body, has scheduled an unusual hearing that is expected to continue to enter the morning, where the members will discuss the proposed law. Trump met with legislators on Tuesday to try to persuade the most reluctant within his party to align with what he calls a “big and beautiful bill”, but the visit failed to convince the wide group of legislators who oppose specific characteristics.
“When tariffs and uncertainty reduce growth, also More questions arise about how the US federal deficit will be affected by the economy”, Says Daniel Bergvall, head of Economic forecasts of SEB.
In the fixed income, the profitability of the bonds are kept high, with The 30 -year bonus exceeding 5% again (5,033%)while the 10 -year bonus pays 4,544%. American bonds have been pressured since Moody’s reduced the sovereign credit rating of the country of ‘AAA’ A ‘AA1’.
But today investors also have a reminder that the truce in the commercial war is only temporary. Trump administration warnings against the use of Huawei’s chips have undermined recent negotiations Commercial in Geneva, according to China, which puts the fragile agreement at risk and revives concern about economic consequences.
Yesterday, the CEO of Nvidia, Jensen Huang, criticized that US restrictions on chips exports have been «a failure» that have cost US companies millions while they have favored Chinese alternatives.
Lowe’s, Target and other protagonist values of Wall Street
In the business field, the drip of quarterly results continues. Among the last in Publish, the Lowe’s retailer stands out, which maintains its forecasts for the year after complying with the market forecasts in its first quarter: it reached earnings per share of $ 2.92, compared to the $ 2.88 expected, while the income reached 20,930 million, slightly below the expected 20,940 million.
Lowe’s expects total full -year sales to be between 83,500 and 84.5 billion dollarsfigure that, at the upper end, it would exceed its total income of 83,670 million of 2024. Likewise, it expects comparable sales to remain stable or increase a 1% year -on -year, and that the profits per share are between 12,15 and 12.40 dollars.
The Target retailer has also trimmed its sales forecasts for the whole year after not complying with the expectations in the income line in its results report. The company reached $ 1.30 for $ 23,850 million, compared to the 24,270 million expected by analysts.
Target now expects a decrease in a low digit in sales this fiscal yearcompared to a previous forecast of growth of net sales of approximately 1%. As for the profits adjusted by action, between 7 and 9 dollars will be located, compared to the previous range that was between $ 8.80 to $ 9.80.
Toll Brothers rises 3.8% in the pre -opening after last night the luxury housing construction company exceeds the forecasts of the analysts. The company reported earnings of $ 3.50 per share in the second fiscal quarter, above the consensus estimate of $ 2.83 per share that analysts had managed. The company registered 2,710 million dollars in revenue, compared to the planned 2,480 million.
Worse reception for Palo Alto Networks accounts. The actions of the cybersecurity company fall 5% after defrauding especially with the remaining performance line (income he hopes to receive for services not yet provided). This item was an income of 13,500 million dollars in the third fiscal quarter, below the 13,540 million that the market had planned.
Outside the results, Wolfspeed collapses 62% after the information that suggests that the semiconductor provider prepares to declare bankruptcy in a matter of weeks.
Take-Two Interactive Software drops 4.60% after the video game manufacturer has announced an offer of 1,000 million dollars in ordinary shares. JPMorgan and Goldman Sachs are the main managers of the offer.
In raw material markets, Oil prices go up after the news that Israel is preparing an attack against Iranian nuclear facilitieswhich fears that a conflict can alter the availability of supply in the producing region of the Middle East. American West Texas futures rise 0.98% to $ 62.62 per barrel, while Brent International Reference Petroleum advances 0.89% to $ 65.96.