New York (AP) – Wall Street sale It’s slowing down on Tuesday, at least for now. Scary stretch Here’s where to worry economy and Customs Sent to below 9% The best ever.
The S&P 500 fell 0.3% in early trading. Although still a loss, such a modest move is rest after the main measure of Wall Street health is swinging up and down at least 1%. Seven times In the last 8 days.
The Dow Jones industrial average fell 202 points (0.5%) as of 9:35am. A day ago, at one point it had dropped by more than 1,100 points. The Nasdaq composite was virtually unchanged.
In recent months, some big tech stocks have become more stable. Elon Musk’s Tesla, for example, rose 1.1%. President Donald Trump said He’ll buy a Tesla “On a show supporting Elon’s ‘Baby’. ”
A day ago, shares in the electric vehicle company fell 15.4%, increasing the losses in the younger generation to date to 45%. Trump took responsibility Political enemy Just as Musk is turning his efforts in Washington, he is “trying to boycott him illegally and republically.” Reduce federal spending.
Other big tech superstars who have led the market to record after recording recent records have also become a bit stiff. nvidia It rose 1.2% to 19.3% to trim losses over the past year. It’s a struggle as the market sale is heavily overwhelmed by stocks considered too expensive in Wall Street frenzy artificial intelligence technology.
Still, the warning signal It continues to flash About Trump’s economy Above -and- off – Rollout Customs It sparked confusion and pessimism among American households and businesses. The fear is that whipping movements will either directly hurt the economy or create enough uncertainty to lead American businesses and consumers to economically unparalysis.
Delta Air Lines Late Monday, it said it had already seen a change in confidence and that demand was declining due to near bookings for flights. This roughly cuts our revenue growth forecast for the first three months of 2025 by halving, ranging from 7% to 9% to 3% to 4%.
Delta’s shares lost 5.2%.
Southwest also reduced forecasts of key underlying revenue trends, referring to less government travel, among other reasons. But despite this, its shares rose 8.9% after the airline said it would soon be Start billing passengers to check bags And they announced changes to encourage their most loyal customers.
Oracle fell 6.4% after the tech giant reported profits and revenue for the latest quarter that didn’t meet analyst expectations.
In overseas stock markets, indexes were mixed across Europe and Asia.
Stocks rose 0.4% in Shanghai and little has changed in Hong Kong. China’s Annual National Conference We have put together an annual session with several measures to boost the slower economy.
In the bond market, Treasury yields have been stable after falling over concerns over the US economy in recent months. Treasury yields for 2010 were held at 4.22%, which was late Monday. In January, it was approaching 4.80%. ___
AP business writers Eurikeyama and Matt Ott contributed.
