The New York Stock Exchange had accused a clear decline during the week, marked by the upheavals of American trade policy. But it ended up sharply, Friday, March 14, pushed in particular with cheap purchases. The Dow Jones won 1.65 %, the NASDAQ index flew by 2.61 %and the enlarged index S&P 500 jumped 2.13 %.
“We have experienced a bullish session” marked by a ” relief “ Market players, commented to the France-Presse Cardillo agency of Spartan Capital Securities. Investors have engaged in “Purchasing for good account” after “The market has dropped in a short time”summed up for his part Patrick O’Hare, from Briefing.com, in a note.
The American square has been particularly heckled in recent days by the many twists and turns in the trade war led by the United States. Donald Trump threatened France and the European Union (EU) on Thursday to impose 200 % customs duties on their champagnes, wines and other alcohols if those of 50 % announced by Brussels on American whiskey were not abandoned.
“Uncertainty” around the Trump administration policies
Since his return to power in January, the American president has launched a whole series of commercial offensives against his allies like his competitors, saying that the United States was unjustly treated in international trade.
On the indicators side, investors have not reacted too much to the publication of the preliminary consumer confidence estimate of the University of Michigan. According to this index, consumer confidence fell to 57.9 in March, against 64.7 a month earlier, sinking more than what analysts provided. The indicator is sealed by the“Uncertainty” Around the policies implemented by the new government and the anticipation of strong inflation to come.
On the bond market, the return on American state loans at ten years has set out to 4.32 %, compared to 4.27 % the day before at the end. The mega capitalization rebound also contributed to the rise in the market: Nvidia jumped 5.27 %, Apple advanced by 1.82 %, Amazon by 2.09 %and Microsoft by 2.58 %.