Fears were not confirmed for a 1987 “Black Monday” repetition at the first meeting of the week at Wall Streetwith the American shares To save it with controlled losses in relation to the sale of the 3rd and 4th April.
At the start of Wall Street transactions, everything suggested that the shares were heading for another catastrophic meeting, following the two -day sell -off of the previous week that erased from the markets of 9.5 trillion. dollars, as well as the three indicators fell in deep red, with Dow Jones receding by more than 1,100 points.
The picture was partially reversed by the information first moved by Reuters, according to which Donald Trump is thinking of suspending the implementation of new duties for 90 days, for everyone except China, sending the shares to a positive ground.
Even the subsequent denial of the White House, with an official characterizing the information as fake news, despite the fact that it returned the indicators again to Red, was not enough to lead to losses like those that all investors were scared.
Thus, Dow Jones closed with the highest losses from the three indicators, losing 349 points or 0.91%, the S&P 500 lost 0.27%while Nasdaq closed a positive ground with a rise of 0.10%.
On the duties front, it is noted that according to a Reuters report, the European Union is on the counterattack and suggests 25% payroll duties in a series of US productsin response to Donald Trump’s duties in steel and aluminum.
According to a document cited by the US media, duties on some American products will come into force on May 16 and others later in the year, specifically on December 1st. The goods, among other things, include diamonds, dental floss, sausages, nuts and soy.