American stock indicators ended on Wednesday, and closed a Messy For stock markets after President Donald Trump continuously changed Customs tariff policies The recession fears are increasing. S&P has gained 0.15 % on Wednesday while Dao The average Jones industrial increased by 0.35 % near. At the same time, heavy technology Nasdak The compound fell 0.09 %.
After a turbulent start for this month, the shares recently recovered over the past few days, as Trump administration officials have hinted to access to trade deals that could cool a continuous trade war. But the news of the economy is 0.3 % of the first quarter – which came before the full effects of the April tariff are calculated – sharp indexes on Wednesday with increased recession concerns, although S&P and Download Jones recovered by the end of the trading day.
The announcement of the Ministry of Commerce from the contracted economy is due to the uncertainty in business on the Trump tariff plan and the slowdown in consumer spending. The news also represents the first contraction since the first quarter of 2022, and the dramatic rotation of 2.4 % growth in GDP in the last quarter of 2024.
Although the shares were beaten in the wake of Trump’s “Tahrir Day” tariff ads on April 2, they were slowly recovering in the following weeks amid that the president is restoring his policies or reaching deals with commercial partners.
So far, no deals have appeared, and the Trump administration gives conflicting accounts of the whereabouts of negotiations. On Wednesday afternoon, major trade advisor Trump Peter Navarro said the White House Close to negotiation on a tariff deal With India.
The first 100 days of Trump
The president closes his first 100 days in his position with one of The worst start For stock market for any president in modern memory.
From January 20 to late April, the S&P 500 decreased by approximately 8 %, luckBin Weiss and Irina Ivanova I mentioned TuesdayThe worst launch to a new presidential term since Gerald Ford took over after Richard Nixon.
“The American stock market and the dollar were worse over another hundred days, which led to their awareness of a hundred days of all other presidential conditions since 1980,” John Higgens, the Capital Economics, wrote on Monday in a research note entitled.
The main profits will be watched later on Wednesday about Wall Street: Qualcommand DeadAnd Microsoft Each report after the closing bell.
This story was originally shown on Fortune.com
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