Trump's Customs Announcement is sending down US exchanges

0
56

new York US President Donald Trump has sent down Wall Street with his announcement of new tariffs on Chinese imports. Trump announced on Thursday on Twitter additional charges of ten percent on China imports in the volume of $ 300 billion from September 1 on. This brought the trade dispute on the US stock exchanges back to the center of attention. The statement of the president suffered mainly US export companies such as the aircraft manufacturer Boeing and the iPhone maker Apple, The oil price fell, gold and US government bonds were in demand.

The main stock indexes turned abruptly after Trump's tweets in the down, after the stock market barometer first had tended much firmer. The Dow Jones index of defaults closed the year down just over one percent at 26,583 points. The broader S & P 500 lost 0.9 percent to 2953 points. The index of the technology exchange Nasdaq yielded 0.8 percent to 8111 points. In Frankfurt was the Dax previously 0.5 percent firmer on 12.235 points from the market, the EuroStoxx gained 0.6 percent to 3486 points.

Single values ​​in focus

In New York, the shares of the airbusRival Boeing good two percent after. Apple's paper prices fell 2.2 percent, and the chip maker Intel lost 2.1 percent. The US and China have previously turned alternately at the inch screw. The already existing billions of euros burden the world economy.

QualcommLost two and a half percent after the chip company disappointed investors with its outlook for the current fourth fiscal quarter.

The shareholders of meat substitute producer Beyond Meat hit harder: their share certificates continued their rollercoaster ride, this time with a price slide of almost ten and a half percent to $ 176.04. A few months after the rocket-like stock market launch, a second equity tranche has now been floated on the stock market, at $ 160, however, with a significant discount to the last close at almost $ 200.

Yum Brands, on the other hand, was up almost 4%, continuing the record high. The system gastronomy chain with well-known brands such as KFC, Pizza Hut and Taco Bell had a positive surprise with the quarterly sales on a comparable area.

The carmaker General Motors (GM) was a source of excitement, having increased its profit in the second quarter despite a decline in sales. But the intensification of the US-China trade dispute clouded sentiment, ultimately destroying nearly half a percent of the stock. But they were still doing comparatively well in the weak market.

In the Dow joined Verizon Communications in the end almost on the spot and was also pretty brave. In the second quarter, the telecom group had surpassed analysts' expectations both in terms of profit and the number of contract customers.

The initially friendly title of the specialty chemicals company Dupont, however, slipped with the market by over half a percent in the minus – despite surprisingly optimistic annual targets. The results for the past quarter were also applauded. The billion loss after a small profit a year earlier was mainly related to the amortization of goodwill after the spin-off. Dupont was only on June 1 by the merged in 2017 chemical company DowDupont separated.

The shares of the agrochemical company Corteva, which also arose from this split, increased after the interim report by just under six percent. In the first quarter as an independent company Corteva had grown according to own data in almost all regions on own strength. However, revenue and operating income had been impacted by adverse weather conditions in North America.

More: Why the boom in share buybacks is a threat to the stock market, read here.

(t) Wall Street (t) Stock Exchange (t) Trading Dispute (t) China (t) Citigroup (t) Boeing (t) Gilead (t) Fed (t) Investment (t) Stock Market (t) Share (t) Standard & Poor's (t) General Motors (t) Corteva (t) Apple (t) Dax (t) Verizon (t) Intel (t) Beyond Meat (t) Airbus (t) Dow Chemical ( t) Qualcomm (t) Yum! Brands (t) Donald Trump

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.