Wall Street retreats, ASX set to slip
The first release of Trump’s tariff policies in spring revealed financial markets. However, Wall Street has increased to record levels that have been relatively stable in recent weeks, which show that the market is mostly adapted to the unpredictability of Trump’s rapidly changing tariffs. However, some market observers are not so sure.
Capital Economics, North American economist Paul Ashworth, said on Friday, the market’s tariff rise this week, “surprisingly silent. Markets seem to believe Trump will withdraw again,” he wrote. “We’re not so sure.”
Eric Teal, the Chief Investment Officer of the Comerica Asset Management, said that despite the uncertainty about tariffs, Wall Street’s 10 percent tariffs have already come to accept the “basic case”.
Orum To the extent that this expands, I think the market priced most of it, ”he said.
Aside from the trade policy, the Sunday will change at least a part of its focus on companies due to three -month earnings in the next few weeks.
On Friday, Levi Strauss increased by 11.3 percent after increasing the full year forecast, although it easily defeated the sales and profit targets of jeans manufacturer Wall Street and expects higher costs than tariffs.
Prices, warehouse club operator’s third quarter results and trying to expand to Chile, he said.
The earning season is highly gear next week with JPMorgan Chase, Wells Fargo and Citigroup among the major banks due to its results on Tuesday.
Stocks in finance and health sector companies were the biggest weights on the market on Friday.
Visa fell by 2.2 percent and Gilead Sciences fell by 4.3 percent.
A few airline stocks lost one day after encouraging Delta Air Lines’ three -month results in the industry’s three -month results, when she launched a rally in the industry. Delta fell 0.2 percent, United fell by 4.3 percent and American fell 5.6 percent.
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In other parts of the market, T-Mobile shares, the Ministry of Justice on Thursday after the company’s proposed $ 4.4 billion ($ 6.7 billion) announced that it would not prevent the US cellular purchase closure after 0.2 percent lower. This agreement, which was announced more than a year ago, entered an antitröst examination from the Ministry of Justice under President Joe Biden’s administration.
US cellular shares increased by 3.6 percent.
Aviation company Red Cat Holdings shares increased by 26.4 percent after publishing orders aimed at increasing the production and distribution of Drons of Defense Secretary Pete Hegseth.
All of the S&P 500’s 20.71 points fell to 6,259.75. Dow reduced the score to 44.371.51 and reduced the Nasdaq 45.14 to 20.585.53.
Bond yields rose. The return in the 10 -year Treasury rose from 4.34 percent to 4.42 percent late on Thursday.
European stock indices in Asian markets are mostly lower after a lower surface.
Meanwhile, Bitcoin climbed the highest Friday of all time, and according to Coindesk, he kept $ 118,000 for a short time before returning to the US $ 117,901.
Bitcoin’s price leap came in the midst of the rise acceleration between risk assets, and with the increase of Nvidia, it coincided with a $ 4 trillion valuation. In addition, the US Congress will discuss a series of invoices that can define the regulatory framework for the industry, days before the Crypto Week.
