Wall Street’s stock indices fell clearly on Friday, as the market was again concerned about inflation.
Market’s concern is inflation, president Donald Trump Trade policy and weaker growth in private consumption.
The industrial index Dow Jones decreased by 1.7 per cent, the large large -scale business index The S&P 500 decreased by 2.0 per cent and the technology -focused NASDAQ 2.7 per cent.
The decline was widespread as the S&P 500 stock index sectors were only on the rise.
Both S&P 500 and Nasdaq have now fallen in five weeks in the last six weeks. The S&P 500 decreased by about 1 % per week and NASDAQ by two percent.
Technology companies were once again responsible for the fall of indexes. Alphabet and Amazon Both fell by about 5 %. Microsoft and Methane The decline was 3.5 %.
Today, recent macroeconomic figures were obtained from the United States. The base inflation was slightly higher than expectations.
Private consumption increased by 0.4 per cent in February, compared to 0.5 %. At the same time, data was corrected from January: private consumption fell by 0.3 per cent, compared with previous figures by 0.2 %.
The market is also nervous about next week, when new information is expected about the fires placed by President Donald Trump’s trading partners.
The president has said that he will tell about the coming Wednesday, April 2, next week. He calls the day “The day of liberation.”
This week, Trump announced that it would set 25 % duty for cars and car parts from abroad.
Listing of an artificial intelligence company was left out of the targets
An artificial intelligence listed on the stock exchange Coreweaven The stock ended up for $ 40, which was less than expected of the share. According to CNBC, the target was $ 47-55.
The company itself sold the shares for $ 40 and raised a total of $ 1.5 billion. The company’s largest owners are artificial intelligence Nvidiawhose graphics processors have purchased hundreds of thousands of songs according to CNBC. Coreweave rents its artificial intelligence servers to artificial intelligence.
The largest customer of the company is Microsoftoffering cloud servers to Openai, an artificial intelligence company. Microsoft accounted for 62 % of Coreweave last year’s $ 1.9 billion.
The company made $ 863 million in losses last year, but its net sales increased by 737 per cent. Other customers of the company include technology companies Meta Platforms and IBM.
Also Nokia said in the fall that he had made an agreement with Coreweave.
The worst competitors of the company are Amazon, Google and Oracle. The company is the largest listing of a technology company after 2021 and the first cleaning of the artificial intelligence company.