Money and business

The conclusion of turbulent transactions .. American shares decreased after a day of fluctuation

American stocks ended Tuesday’s transactions with a concrete decline after a day of extreme fluctuation, in light of the successive economic news that affects the performance of the market, as the US President announced a double on steel and aluminum imports from Canada to 50%.
Whereas, the Canadian Prime Minister Dog Ford announced the suspension of his decision to impose 25% fees on electricity exports to the United States after a phone conversation with US Trade Minister Horad Lootnick.

The S&P Index declined

The broader S&P 500 index decreased by American shares by 0.8% in the violation of transactions, after its fluctuation between a slight increase and 1.5% decreased during transactions.
At the end of the transactions, the index decreased by more than 10% from its highest level ever, which it recorded last month.

Other indicators also fluctuated strongly, ending the Dow Jones Index with a loss of 478 points, or 1.1%, while the Nasdak collection index fell by only 0.2%.
Such confused moves became a routine matter in light of what was like a frightening journey of investors with Trump’s attempt to reshape the country and the world through customs tariffs and other policies.

Double the increases in customs duties

The shares have decreased dramatically due to uncertainty about the amount of pain that Trump might be ready to accept the economy in order to obtain what he wanted.
The stocks began to decline in morning dealings after statements to double the increases prescribed in customs duties on steel and aluminum coming from Canada.
Trump acknowledged that the economy may witness some “turmoil” due to the customs duties it imposes.

Related Articles

Back to top button