New York (AP) – Nvidia Hold Wall Street Wednesday after declaring that new restrictions on exports to China Cisle of billions of dollars out of its results, while business businesses President Donald Trump’s trade war Difficult to forecast the way they or the economy will do this year.
The S&P 500 was less than 1.2% in the afternoon trading and the erasure of its gain earlier in the week. The industrial average of Dow Jones fell by 243 points, or 0.6%
Nvidia was the heaviest weight on the market and fell 7.8% after declaring that the US government restricts exports from its H20 chips to China, quoting concerns that they could be used to build a supercomputer. The restrictions could mean a blow of $ 5.5 billion to the results of Nvidia for the first quarter, covering the costs linked to the commitments of stocks and the purchase.
China and the United States, the two largest economies in the world, have been locked in a trade war And raise prices and other obstacles to exchange with each other.
The rival flea company Advanced Micro Devices has flowed 7% after having declared that the American limits of exports from its own chips to China can mean a blow of up to 800 million dollars for inventories and other costs.
In Amsterdam, ASML shares dropped 5.2%. The Dutch company, whose machines make fleas, said that the demand for AI continued to stimulate growth. “However, recent pricing announcements have increased uncertainty in the macro environment and the situation will remain dynamic for a while,” said CEO Christophe Fouquet. ASML also gave income forecasts in the next quarter that failed the expectations of analysts.
The uncertainty concerning the Trump trade war has been to precipitate the plans for companies in the industries and in the world. It is so dynamic that United Airlines gave two different financial forecasts on how it can work this year, one in the event of a recession and one otherwise. The airline said it had given twin forecasts because it thinks it is “impossible to predict this year with a degree of confidence”.
United actions increased by 1.2% after also reporting a stronger profit for the last quarter that analysts were waiting for and said reservations for premium cabins and international flights are increasing.
Better than expected profits reports have helped certain rally health care actions, which also gave us support indications. Abbott Laboratories increased by 4.2% after declaring that it was also present by financial forecasts announced previously for the full year.
Many investors along Wall Street are preparing for a Possible recession Due to Trump’s prices, which he said he hoped to bring in manufacturing jobs to the United States and reduce the greatest export he exports to other countries than it does. A survey of global fund managers by Bank of America revealed that recession expectations were at the highest fourth in the past 20 years.
THE The World Trade Organization said on Wednesday It expects the prices to lead to a 0.2% drop in the volume of the world’s goods trade for 2025. It is if the tariff situation remains as it was on Monday. Trade could decrease by 1.5% this year if the conditions worsen, said the WTO.
“Sustainable uncertainty threatens to act as a brake on global growth, with serious negative consequences for the world, the most vulnerable economies in particular,” said Director General Ngozi Okonjo-Iweala.
An American company that moves Freight, JB Hunt Transport Services, plummeted 6.9% for one of the more finished losses of Wall Street, even if it declared a slightly stronger profit for the last quarter that analysts were waiting for it.
The prices could also increase inflation, at least temporarily, by pushing us importers to transmit higher costs to their customers.
The fears of such a price increase led to a frenzy of spending last month, and Sales from American retailers have accelerated By more than economists expected. Growth increased to 1.4% in March from February, compared to 0.2% the previous month. Economists said it was probably due to American buyers rushing to buy cars, electronics and other items before their prices can increase due to possible rates.
Recent surveys We have shown that households feel us more pessimistic About the economy due to prices, and a fear is that it can lead them to finally back down on their expenses, which could cause a recession in itself.
Treasury yields have been relaxed on the bond market. The yield on the 10 -year treasure fell at 4.32% against 4.35% late Tuesday and 4.48% at the end of last week. Its quick climb last week shake the market and Trump He himself, suggesting that investors around the world no longer consider US government obligations as safe investments due to the trade war.
In the stock markets abroad, the indices fell in a large part of Asia and were mixed in Europe.
The shares dropped 1.9% in Hong Kong, 1% in Tokyo, 1.2% in Seoul and 0.1% in Paris.
The FTSE 100 increased less than 0.1% in London after the government said Inflation in the United Kingdom fell for the second consecutive month in March, largely due to the drop in gas prices.
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Commercial editors AP Matt Ott and Elaine Kurtenbach contributed.