Wall Street indicators who shrink its profits amid a legal conflict over Trump's fees
Wall Street dealers celebrated the strong results of ‘Invidia’, but soon they faced a harsh reality in the slowdown of economic data and legal ambiguity around the trade war in which Donald Trump is fighting. The US President, President of the Federal Reserve, Jerome Powell, also informed that he mistakenly did not lower interest rates. The S&B 500 index fell from most of its profits, which approached the 1%level, after a federal appeal court granted a temporary deadline of a judicial decision that threatens to cancel most of the mutual customs tariffs announced by Trump. The prices of US Treasury bonds have risen, as traders bet that the Federal Reserve will be submitted to two interest rates this year, especially after a successful selling for seven years worth $ 44 billion. The dollar index has fallen. “We expect more fluctuations in the market in the upcoming period, with big news related to commercial and financial policy.” She added: “We still expect US stocks to rise within the next 12 months, but the profits in the short term this year may be limited.” The US economy has shrunk at the beginning of the year, influenced by poor consumer spending and more negative consequences than previous estimates at the level of trade. Home sales also dropped last month at the largest rate since September 2022, while the high repeated unemployment requests indicated an increase in unemployment figures. Nevertheless, the S&B 500 index increased by 0.4%, and the Nasdaq 100 index achieved 0.2%, while the Dow Jones Industrial Index rose 0.3%. Invidia shares have risen by more than 3% to lead the profits of major technology companies. Although “Silzphors” showed indications of momentum in its new artificial intelligence products, it was not enough to calm investors’ fear of the road to slow down the growth of income for a while. United Airlines said the New York airport distortions would negatively affect its profits. Treasury bond yields dropped ten years by five basis points to 4.43%. The dollar index fell 0.4%.