American stocks .. Standard & Poor’s broader ranked 2%

American stock prices fell strongly in the afternoon trading, after the issuance of economic data that showed a significant decline in the continued rate of high inflation.
The Standard & Poor’s 500 is 2%, while moving towards losing all gains at the beginning of the week, so that the index continues to decline for the fifth week in the past six weeks.

Results of American stock indicators

And he lost 722 points, or 1.7%, by one o’clock and 12 minutes at noon, East Coast time of the United States.
The Nasdaq Synod index decreased by 2.7% during the transactions, and the arrow of Lulmon Pathsa for Sports Clothes declined by 14.8% to lead the market decline as a whole, despite the company’s announcement to achieve an increase in its profits from the expectations of analysts during the last quarter of last year.

Consumer confidence in America

The company warned of the possibility of slowing the growth of revenues during the current year due to the decline in consumer spending as a result of anxiety high inflation and the slowdown in the economy, with the love of Calvin McDonald, CEO of the company.
Lollimon added that customs definitions and the change in the exchange rate may be responsible for about half of the expected decline in a major performance scale, which is the amount of profit that it can achieve from each one dollar of revenue.
A report issued by the University of Michigan showed a decline in consumer confidence in the United States this month with more than previous estimates, according to the Michigan University index issued on Friday.