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Wall Street's actions fell on Wednesday after low data on American growth and a wave of profits from the Terne company.
The first-rate S&P 500 flowed more than 2% at the start of negotiations in New York, threatening to break a sequence of six-day victories, before recovering to exchange 1.1% in the early afternoon.
Starbucks dropped 6.9% after the coffee chain said late Tuesday that the quarterly net income had half the year over the year, while the manufacturer of Super Micro Computer servers – a supplier for the NVIDIA fleas giant – dropped by 15% after providing income and results by action to the analysts' expectations.
NVIDIA fell 2.1%and Tesla dropped by 4.9%, dragging the NASDAQ composite heavy with 1.3%technology. Facebook Parent Meta and Microsoft should arise after closing the market.
Wednesday movements came after the data showed the The American economy has taken place For the first time since 2022, the narrowing of 0.3% annulized in the first three months of this year while companies rushed to buy goods imported in anticipation of the steep prices of President Donald Trump on most countries.
The data has also shown slightly higher inflation than expected. The personal consumer expenditure index – The preferred Fed prices growth measure – increased by 2.3% over a year in March.
“Inflation was also higher, fueling the stagflation story and limiting what the federal reserve can do to help as an economic feeling?
Others seemed less concerned, the main American economist of Morgan Stanley, Michael Gapen, writing in a note to customers that the title down to GDP “disguises the strength of the growth of domestic demand”.
He noted, however, that demand was likely to decrease once the “tariff shocks, government layoffs, the continuous slowdown in immigration and other new policies” have started to appear in data in the coming months.
The feeling of consumers and companies plunged through the United States following Trump aggressive price adsEven if the stock market has rebounded in recent weeks after most of the samples has been postponed for 90 days.
“The economy stagnated mainly in the first three months of the year, while the growth in the inflation of titles and the base has accelerated,” said Ryan Sweet, chief economist in the United States at Oxford Economics.
The concerns of the health of the largest economy in the world have struck the raw materials markets, with Brent Crude, the international oil reference, down 1.7% to $ 63.14 per barrel.
However, European actions have ended the session in positive territory, with the Stoxx Europe region of 0.5% on a regional scale and the Dax of Germany up 0.3%.
