American stocks lose their gains after announcing the start of the customs duties application

American stocks fell late Friday’s trading and lost their early gains after the White House announced the entry of US President Donald Trump to impose by 25% on Canada and Mexico products, and 10% on China’s products, as of tomorrow, Saturday.
The broader S&P 500 index fell to American stocks by 0.5% this afternoon, losing its morning gains, which reached 0.8%. The Nasdaq Al -Mujami also decreased by 0.3% during the same period. The standard decreased by 0.8%.

American stocks

The White House announced that Trump’s customs duties on Canada, Mexico and China would enter into force on Saturday.
The White House is silent about any possible exemptions from these drawings, which will lead to a significant increase in prices for the American consumer. After the Apple Electronics Arrow led the rise of American shares at the beginning of today’s trading, it was about 1.5% of its value after noon.

Wall Street Stock Exchange

Earlier in the day, the company announced profits that exceed analysts’ expectations during the last quarter of last year. Given that Apple is the largest company in terms of market value on the Wall Street Stock Exchange, the rise of its share led to the rise of the S&P 500 as a whole and other indicators in the morning.
While the company’s sales fell from the iPhone smartphone, its revenues from services such as Apple Care and August Store have recorded record levels.
The shares of KLA, supplied to the electronics industry, increased by 0.3% in the morning after announcing profits and revenues that exceeded the expectations of analysts, but it fell by 0.8% after announcing the imposition of fees.

Technology shares

The company attributed its high profits and revenues to expanding the investments of artificial intelligence and high -performance computing, and the stock also recovered most of the losses last Monday, which witnessed the collapse of technology shares around the world, which amounted Great is able to compete with the best in the world, without having to use first -class chips.
This announcement raised questions about whether all the expected investments of artificial intelligence chips and data and electricity centers are really required.
The same time decreased the share of the electronic chips company, Nafidia, which is the most important company in developing artificial intelligence applications, by 3.6%, bringing its total losses during the week to 15.7%. About his level at the end of last week.