Dated and wars Affossano Wall Street. The Nasdaq collapses by over 4%, the worst session since 2022

Wall Street archives the Worst session since 2022: At the end of the session it scores a 2.08% drop for the Dow Jones, 2.7% for the S&P 500 and 4% for Nasdaq. The group of “magnificent seven” guided the discounts: Tesla closed to -7.95% After losing 15%, marking the worst day since 2020, while Alphabet and destination sold over 4%, Nvidia lost 5%. Investors are worried after President Trump in an interview with Fox News has not excluded the possibility of a abrupt contraction of the stars and stripes economy This year and reported the short -term economic turbulence caused by the entry into force of the duties.
Consequently the expectations of a cutting of rates by the Fed in next June. Now the future markets consider probable a quarter of a percentage point in June, July and October.

Last week the US President imposed 25% customs rates in Mexico and Canada, but immediately afterwards he exempted most of the goods for a month creating uncertainty about his commercial policies. He also increased the duties on Chinese goods causing to retaliation measures by Beijing, which will apply today taxes of 10-15% for some American agricultural products. And starting from April 2, the implementation of mutual duties is expected worldwide, which could weigh further on the sentiment of the market. Economists argue that Trump’s policies could increase prices and slow down the economy, at least in the short term: Goldman Sachs experts today have reduced the United States’ growth forecasts to 1.7%.

In this context, the special supervision will be the data on inflation in the States in February, the first month of the Trump administration since returned to the White House. In January the prices in the US grew up at the fastest pace since August 2023; Economists provide that the main figure has cooled to 2.9% from 3% in the twelve months until February, while on a monthly basis it is viewed marginally at 0.3% from 0.5%. The data will be among the last that the Fed has available before the next monetary policy meeting of 18-19 March. There are no rates cuts but the road, to stimulate the economy, seems to have marked.