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US shares fell on Friday while a host of poor corporate profits shorten a recent return and left the S&P 500 on the course for its fifth week in a row of decline.
S&P was reduced by 0.7 percent to late morning, with all 11 sectors in the negative territory, while the composition of heavy technology Nasdaq lost 0.6 percent.
FedEx shares decreased 9.4 percent after the company lowered its profits, blaming “constant weakness and uncertainty in the US industrial economy”.
Nike fell 5.9 percent after warning that he expected sales to fall, citing tariffs and declining consumer confidence. Shares in Lennar fell 4.57 percent after the second largest home builder in America warned that “interest rates and inflation rates constantly combined with a decline in consumer confidence and a limited supply of affordable properties” had made it more and more difficult for consumers to use homeowners “.
Mass means that Benchmark Wall Street has given up its small profits from the beginning of the week, and is going to its longest weekly losses in nearly three years.
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The shares have been shocked in recent weeks by concerns about the economic consequences of President Donald Trump’s aggressive tariff policies, as well as a sale in the high -tech high sector, attracting S&P to the correction territory.
A return at the beginning of the week after the federal reserve maintained interest rates, but signaled the opening to the later reductions during the year.
“Markets are increasingly focusing on the fear of growth caused by Trump’s policies,” said Manish Kabra, head of the American capital strategy in Société Générale. “Both tariffs and (Department of Government Efficiency Counts) increase uncertainty,” he added.
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Announcements of the US President’s tariffs “have been more aggressive and collided than expected,” said Claudio Irigoyen led by American Bank analysts, while DOGE cuts will weigh on government and consumer spending as a result of vacation growth.
Bofa this week reduced its GDP prediction in the US for the first half of the year to 1.5 percent from 2.4 percent, and raised its target for “essential” inflation, which removes unstable food and energy prices, in 3 percent for the second half of 2025.
A Goldman Sachs study of 150 investors, released Thursday, showed that 90 percent had reduced their GDP predictions 2025 since the beginning of December.
Three in five investors said tariffs were “the biggest risk of economics policy” this year.
