Update of the US stock market.: Wall Street suffered great losses on Wednesday, with the actions of Nvidia and Apple technology giants that fell from 5 to 10 percent, amid the growing tensions related to the commercial rate after the World Trade Organization (WTO) warned that its perspective for the global commercial situation has deteriorated remarkably thanks to the president of the United States, Donald Trump, the position of the tariffs. The measure occurs approximately two weeks in the hard trade tariffs of the US president about the business partners of the United States, including China and India, on April 2, a measure that triggered a series of TIT shares by eye of the second largest economy in the world after the United States.
Dow Jones Industrial Avenge (DJIA): One of the two main American blue chip indices exhausted by the 931.2 points, or 2.3 percent, at 39,437.8 in intradic trade. The S&P 500 175.8 points lunch, or 3.3 percent, to reach 5.220.8 in the inconvenience, while American technology stores the Nasdaq compound with the low axis 16,066.5, throwing 756.7 points, or 4.4 percent, duration.
At 3:22 pm, Eastern time on Wednesday (12:55 am in India on Thursday), the Dow was negotiated not far from its minimum day, to 39,460.9, less than 908.01 points, or 2.3 percent, from its previous closure.
The WTO hopes that the general volume of merchandise trade in the world is expected to receive a blow or 0.2 percent this year due to current rates, including Trump’s decision to stop reciprocal tariffs for 90 days.
What did the market accident directed on Wall Street?
Heavy sales pressure in technological, financial and discretionary actions of consumption weighted on the indices in the middle of a mass sale through the board on Wall Street.
Among the blue chip shares, Nvidia was last seen that it quoted 10.3 percent lower than $ 100.7 APARE, while Apple and Amgen fell 5.0 percent each.
What Fed President Jerome Powell said
The comments of the president of the Federal Reserve that the United States economy continues in a solid position provided a respite to the bulls, helping the Dow avoid more clear losses.
The United States Central Bank said, is waiting for more clarity about the predominant economic situation before considering changes in monetary policy.
Also read: The United States and China’s trade war increases: China now faces up to 245% of the US rates, says the White House
Earlier on Wednesday, the White House revealed that China now faces a tariff or up to 245% in its exports to the US.
Before that, China reacted to the decisions of the Trump administration by imposing a duty of 145 percent to its imports from the United States.
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