The New York Stock Exchange completed the day after US President Donald Trump announced that it plans to announce mutual tariffs for many countries next week. Travel company Expedia’s shares gained 17.3 %.
WASHINGTON (AA) – In the closing, the Dow Jones index depreciated over 400 points and decreased by 0.99 percent to 44,303.65 points.
The S&P 500 index decreased by 0.95 percent to 6.026.01 points and the NASDAQ index to 19.523.40 points with a loss of 1.36 percent.
With the re -exacerbation of tariff concerns in the USA, a negative course was observed in the share markets.
US President Trump, Japanese Prime Minister Isiba Shayigeru in his statement before his meeting with Oval Office, next week will affect many countries will make a statement about mutual trade. Stating that they will hold a press conference on this issue, Trump said that it would affect everyone.
At a joint press conference with Japanese Prime Minister Isiba, Trump said that he would hold a meeting on Monday or Tuesday by noting that there would be tariffs based on reciprocity.
Trump’s statements increased in the markets that the trade war will climb.
The economic data announced in the US were also effective in negative course in the markets.
Consumer confidence index data described in the country revealed that tariff concerns in the US increases the fears of inflation of consumers.
The Consumer Confidence Index, which was measured by Michigan University, went down to 67.8 in February and recorded its lowest level since July 2024.
The short -term inflation expectation of consumers increased from 3.3 percent to 4.3 percent in February and reached its highest level since November 2023. Long -term inflation expectation rose from 3.2 percent to 3.3 percent.
The US central bank (FED), which is important for the course of monetary policy, pointed out that the increase in employment in January, although the increase in employment slows down in January.
Non -agricultural employment in the country increased by 143 thousand people in January, while the unemployment rate fell from 4.1 percent to 4 percent.
In November and December last year on non -agricultural employment, upward revision was made in the data of November and December.
The average hourly earnings that the Fed carefully watched increased with 0.5 percent in the stove above expectations.
With these developments, the US’s 10 -year bond interest rate rose to 4.48 percent, while the dollar index increased by 0.35 percent to 107.9.
Pricing in the money markets, the FED will not go to the next interest rate before June, expectations that the expectations will not go.
Fed officials’ verbal directions are also followed, while Minneapolis Fed President Neel Kashkari said that the labor force market has cooled, but that it remains intact and that interest rates may fall moderate this year.
Chicago Fed President Austan Goolsbee described the latest employment data as “solid” and said it was an indication of a movement towards full employment.
Adriana Kugler, a member of the FED Board of Directors, said that the latest employment data were “consistent with the healthy labor market that weakened or extending symptoms of overheating”. Pointing out that there is uncertainty about the economic effects of the policies of the new administration, Kugler said that recent progress in reducing inflation is slow and irregular and that inflation continues to be high. Kugler said that it is a cautious step to keep the policy interest where it was for a while.
On the corporate side, the balance sheets are the focus of investors, while the US-commerce giant Amazon, who explained the financial results after the closure of the markets on Thursday, was disappointed by the company’s net sales and profit over the expects of the fourth quarter of last year, but after the disappointment of sales forecasts about this year’s sales forecasts. 4.1 percent depreciated.
Cosmetic company Elf Beauty’s shares fell by 19.6 percent after the company reduced net sales and profit forecasts.
The shares of the online travel company Expedia, on the other hand, gained 17.3 percent after the financial results exceeded expectations in the fourth quarter.
