Futures linked to the Dow Jones index rise 0.77% to 38,465 points, while those of the S&P 500 advance 0.96%, in 5,207 points. Nasdaq 100 futures rise 0.96% to 17,979 points.
The large New York indices come from a very negative day yesterday Monday in which Dow Jones ended up losing 971 points, or 2.48%, in which it was its fourth consecutive session with falls. The S&P 500 dropped 2.36%, while the technological Nasdaq retreated 2.55%.
The uncertainty of investors increased after the US president Donald Trump attacked the president of the FED, Jerome Powell, claiming that interest rates fall. «There may be a deceleration of the economy unless the Lord ‘Too late’, a great loser, lowers interest rates now,» he published on his social network. «Powell has always been Mr. ‘Too late’, except when the electoral period arrived and lowered the guys to help Joe Biden’s sleepy and later Kamala,» he added.
Trump has already hinted Powell’s dismissal last week, an unprecedented measure that, according to Kevin Hasett, economic advisor to the White House, the president’s team was studying. Powell has responded that he cannot be legally fired and that he intends to hold the position until the end of his mandate in May 2026.
The market is going through turbulent moments since Trump announced its reciprocal ‘tariffs. Both the Dow and the S&P 500 and the Nasdaq accumulate falls of more than 9% since April 2day when the US president presented his tariff plans.
«There is a lot of uncertainty at this time with the tariff cycle and with the economy,» explains Larry Tentarelli, founder of the Blue Chip Daily Trend Report. «Add one more uncertainty layer with Jerome Powell only adds more volatility to markets in general».
The macroeconomic agenda is quite light this Tuesday, although investors will have to be attentive to the manufacturing survey of the April Richmond Fed, which will be known throughout the morning. It is also expected that several Federal Reserve officials, such as Vice President Philip Jefferson, the president of the Federal Reserve of Minneapolis, Neel Kashkari, and Governor Adriana Kugler, appear.
In the purely business field, the quarterly results season is taking cruise speed, with investors especially attentive to the report that will publish after the closure of the regular day Tesla. The electric car manufacturer led by Elon Musk accumulates a 40% drop so far this year.
Until yesterday 61 companies of the S&P 500 had presented their accounts, with a average benefit increase per action of +7.1%compared to +6.7% expected before the publication of the first company, according to the calculations of Bankinter analysts. Batish results 74% of the companies, disappoint 23% and the remaining 3% is in line with what is expected. In the last quarter (4t 2024) the benefit per action increased +14.3% compared to +7.5% expected initially.
Yesterday after the market closure presented its Bok Financial accounts. Bank’s actions fall 3% after earnings per share of the first quarter did not meet the expectations of Wall Street. Bok earned $ 1.86 per share, while the consensus estimate was $ 1.99 per share. The firm also recorded a net margin of interest of 2.78%, below the projection of Wall Street of 2.84%.
Outside the results season, Mongodb’s actions fall 2% in the pre -opening after the developer data platform has announced the resignation of Srdjan Tanjga as Interim Financial Director (CFO), with effect as of May 8. Mongodb hopes to announce a new financial director in the next seven to ten days.
In raw material markets, gold remains in its escalation within historical maximums. If yesterday exceeded for the first time in history the $ 3,400, today it rises an additional 1.01% to 3,460.15 dollars the ounce after having reached a cross of $ 3,498.67 in the New York early morning.
Meanwhile, oil prices rise, while investors take advantage of losses to cover short positions, although concern for winds against economics of tariffs and US monetary policy that could stop fuel demand could stop. American West Texas Petroleum Futures rise 1.55% to $ 63.38 per barrel, while international reference Brent advance 1.39% to $ 67.18.
The dollar is still fallen, with the dollar index at least three years. The euro, which has been at maximum of the green ticket since November 2021, today retreated by 0.16% against the dollar until leaving the exchange rate in $ 1,1494 for each single currency.
In fixed income, the profitability of the US debt bonus at ten years rises to 4.43%.