Wall Street ends in a disorganized manner at the end of a week of tense

Wall Street began the month of march, down (Photo SPENCER PLATT. GETTY IMAGES NORTH AMERICA)

Wall Street has finished in order dispersed on Friday, ending a week stretched on an easing of concerns about the risk of a trade war between the United States and abroad: the Dow Jones has lost 0,29% and the Nasdaq has made 1,08%.

According to the final results at the close, the index featured Dow Jones Industrial Average, fell 70,92 points to 24.538,06 points, a decrease of 3.05% on the week.

The Nasdaq, in high coloring technology, has won 77,31 points to 7.257,87 points but has dropped 1.08% for the week.

The expanded index S&P 500 took 0.51 per cent, or 13,58 points, 2.691,25 points down on the week by 2.04%.

Many international voices were raised Friday to criticize the administration’s decision to Trump to impose customs duties of 25% on steel imports and 10% on those of aluminum, wielding threats of retaliation.

“Nothing has really changed since Thursday, except that members of the us administration have succeeded on television, sometimes with objects of the everyday life in aluminum by hand, to try to show that the introduction of charges would not be dramatic,” said Phil Davis of PSW Investments.

“This is totally wrong but the market was finished by the thinking”, he added.

JJ Kinahan of TD Ameritrade has suggested that the markets have “realized that a trade war would not do anyone any good,” and that threats of retaliation were “for the moment” than “background noise”.

The european Union (EU) is preparing retaliatory measures on u.s. businesses, including Harley-Davidson, the bourbon and Levi’s,” said Friday the president of the Commission Jean-Claude Juncker.

China has opened an anti-dumping investigation on imports of sorghum, u.s. and does not exclude the targeting of the soybean from the United States.

In the end of the session, a top official of the u.s. administration has claimed that no country will be exempt of customs taxes imposed by the administration Trump on the steel and the aluminum, but special cases will be studied.

These us measures and the risk of escalation of protectionism they could cause in the world were, however, always the object of fear in the market, because they “might raise inflation” in the United States in reinforcing the price of some imported products, ” says William Lynch of Hinsdale Associates.

An increase that is too high of inflation is one of the points of apprehension in major markets that have welcomed Tuesday with mistrust the feedback very optimistic of the new president of the american central bank (Fed) Jerome Powell in matter, in the face of the Congress.

The bond market was tightened: the return of the good 10-year Treasury rose to 2,862% as against 2,808 per cent on the previous evening, and the 30-year rose to 3,138%, compared to 3,083% on Thursday.

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