Wall Street moves lower as Trump’s tariff deadline nears

American actions are lower in the morning trade on Monday while the Trump administration increases the pressure on trade partners to conclude transactions before a deadline on Wednesday.

THE&P 500 was less than 0.5% as trading resumed in the United States after a week of vacation. The reference index remains close to its high set of all time last week.

The industrial average of Dow Jones fell by 217 points, or 0.5%, at 10:49 am East time, and the Nasdaq composite was 0.6%lower.

Bond mainly gives an increase. The yield on the 10 -year treasure increased to 4.38% against 4.34% Thursday evening.

Tesla dropped 6.9% for the greatest drop among S&P 500 actions as the quarrel between CEO Elon Musk and President Donald Trump reigned this weekend. Musk, formerly a donor and ally of Trump, said that he would form a third political party to protest the republican spending bill that was adopted last week.

Wall Street was monitoring developments in the Trump administration attempt to reshape world trade by threatening highly higher prices on American trade partners.

Trump told journalists during the weekend that his administration would send letters to several foreign governments on Monday speaking their rate rates if they do not reach an agreement before Wednesday. He added that the United States would not begin to collect these taxes before August 1, although the secretary of the Treasury Scott Bessent rejected the idea that August 1 was a new deadline and refused to say what could happen on Wednesday.

Late Sunday, Trump said that he would impose an additional 10% in the prices against the BRICS block of developing countries, which had condemned the rates increased at its summit in Brazil. In addition to Brazil, the countries of the BRICS also include Russia, India, China and South Africa.

Short -term prospects will probably depend on several key factors such as the extent to which business partners are included in Trump letters, the rate rate and the date of entry into force of these prices, according to Nomura analysts.

Last week, the Trump administration announced that it had entered into an agreement with Vietnam which would allow goods to enter the country’s franchise country, while Vietnamese exports to the United States would face a 20%tax. It was a decrease compared to the 46% tax on the Vietnamese imports he proposed in April.

“The type of agreement concluded with Vietnam can be a plan for similar countries in the region, economies strongly depended on major trade deficits with the United States,” said Jason Pride, head of investment and research strategy in Glenmede.

Most sectors of the S&The P 500 index was in red, led by technology and actions related to consumers.

Oracle dropped 1.9% and the Mexican Grill chipotle fell 2.9%.

Molina Healthcare fell 0.4% after the insurer lowered its profits due to accelerated costs quickly. Unitedhealth Group also recently reported an increase in costs that forced her to reduce her forecasts, sending her actions in April.

In Deal News, the Coreweave software company has agreed to acquire the Core Scientific cryptocurrency extraction company in an All-Stock transaction worth around $ 9 billion. Core Scientific actions flowed by 18.6%, while Coreweave slipped 3.7%.

The start of the week of week follows a solid race for actions, which pushed further in record summits last week after a better than expected American job report.

Oil prices fluctuated after OPEC + agreed on Saturday to increase production in August by 548,000 barrels per day.

The American reference crude increased by 1.2%, while Brent Crude, the international standard, increased by 1.5%.

The stock market indices in Europe were mostly higher. Asian markets closed mainly lower.

This week will be relatively bright on economic data. On Wednesday, the Federal Reserve will publish the minutes of the meeting of its policies development committee last month.

The Fed chair, Jerome Powell, insisted that the central bank wants to wait and see how Trump’s prices affect the economy and inflation before making its next interest rates. Although the lower rates give the economy a boost by facilitating money, they can also give more fuel to inflation. This could be dangerous if the Trump administration prices send higher inflation.