Futures linked to Dow Jones fall 609 points, or 1.37%, to 43,935 points, while those of the S&P 500 fall 1.64%, in 5,941 points. Nasdaq 100 futures fall 1.85% to 21,081 points.
Wall Street come from a few volatile weeks at the start of 2025, since investors have had to deal with the constant headlines of the new Trump administration and doubts about artificial intelligence, which had led the upward market.
Last Friday the great indices ended the negotiation session of Friday in Red, but closed the first month of the year with profits. The S&P 500 added 2.7% and the Nasdaq Composite, with a great technological presence, advanced 1.6% in January. The Dow Jones was the one that had the best performance, with an increase of 4.7% in January.
However, the beginning of February comes under pressure after Saturday Donald Trump announced a 25% tariff to the products of Mexico and Canada. He also imposed a 10% tax on China imports. Canada’s energy imports received a lower 10%tariff. Canada has responded with its own retaliation tariffs, while Mexico has announced that it will explore the possibility of imposing taxes on US imports. The Chinese government, meanwhile, has said that it will file a demand before the World Trade Organization (WTO).
Trump has also notified during the weekend that Tariffs to the European Union could come next.
The fear of commercial war shakes Wall Street, that at the moment he had taken Trump’s tariff threats as a negotiating strategy rather than as an active policy. Now, “if the management of companies decide to absorb the highest input costs, then the gain margins would be reduced,” Goldman Sachs David Kostin analysts warn. “If companies transfer the highest costs to their end customers, then sales volumes can be affected. Companies can try to press their suppliers and ask them to absorb part of the cost of the tariff through lower prices. ”
Goldman Sachs believes that the maintenance of tariff approximately. Actions could face a 5%drop.
At the moment, American car manufacturers with large supply chains in North America lead the falls: the shares of General Motors fall 6.9% and those of Ford Motor 4.4% in the operations prior to the opening of the opening of the market. Automobile suppliers, including APTIV and Avery Dennison, lost 5% and 4% respectively. The Cummins motion manufacturer is left more than 3%.
Constellation Brands, which imports a good part of Mexico’s alcohol, falls almost 5%. The actions of Chipotle Mexican, which imports avocados from Mexico, decrease 2.6%. Nike and Lululemon clothing manufacturers are left 2.2% and 3.4%, respectively.
Among the few beneficiaries are steel manufacturers, with Nucor and Steel Dynamics uploading 4% each in the pre -opening.
The emerging commercial war occurs at a time when investors are dealing with the quarterly results season. More than 120 companies of the S&P 500 are ready to present their accounts in the next few days, including the magnificent Alphabet and Amazon, as well as companies such as Palantir and Walt Disney.
“Although we understand that it will be complicated that investors abstract from the impact that the ‘tariffs’ theme will have on the bags, we believe that Do not neglect the ‘results theme’ And what all these companies say about the future of their businesses, especially in a commercial scenario that can be complicated a lot, provided that the implementation of new tariffs by the US and the corresponding reprisals of the affected countries go to more ”, Juan J. Fernández-Figares, of Link Management points out.
So far, 179 S&P 500 companies have published their quarterly accounts, with An average increase in the benefit per share of 10.1%, compared to 7.5% expected before the publication of the first company. Baten results 78.8% of companies disappoint 16.2% and the remaining 5.0% are online. In the last quarter (3t 2024) the benefit per share increased 9.1%, compared to 5.1% initially expected.
Among the latest companies to publish their accounts, Tyson Foods rises almost 4% after beating expectations in their first fiscal quarter. The company has presented Profit of $ 1.14 per share, above 90 cents estimated by analysts. Sales increased 2.3% thanks to growth in beef.
In analysts’ recommendations, PVH actions fall 3%. The company behind Calvin Klein sees how Wells Fargo has reduced the advice of ‘raising’ to ‘equal weight’saying that it feels like a value trap due to growing problems.
On the macroeconomic agenda, this Monday, the manufacturing PMI and the manufacturing ISM of January will be published. The great reference of the week will be the January Employment Report, which is expected to create 175,000 jobs.
On the macroeconomic agenda, this Monday, the manufacturing PMI and the manufacturing ISM of January will be published. The great reference of the week will be the January Employment Report, in which it is expected The creation of 175,000 jobs.
In raw material markets, oil prices rise in fear of supply interruptions in North America due to new tariffs. The futures of the American West Texas rise 2.44% to $ 74.30 per barrel, while international reference brent advances 1.53% to $ 76.83.
The dollar rises strongly in the currency market, having touched historical maximums against the Chinese yuan. The euro, which has come to play minimum of two years in front of the green ticket, lowers 1.22% to a cross of $ 1,0242.
Bitcoin falls to the level of $ 95,000, far from the $ 102,000 to which it moved before the weekend. Drops 3.82% in the last 24 hours to mark $ 95,239.
In the fixed income, the profitability of the American bonus at ten years decreases to 4,541%.