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U.S. stock collapsed on Tuesday, with the Dow closing 390 points, while S & P 500 and NASDAQ slipped 0.77% and 0.87%. Losses spread by sectors.
Ai Software Giant Palantir was a noticeable loser, closing the day below by 12%.
In the oil patch, Diamondback Energy (Fake-4.02%) CEO Travis Stice threw cold water on current prices, Talking analysts: “This oil price does not work.” His comments underline the growing view that the production of American slate has hit the ceiling, and the drills are pulling back due to margin tightening.
Meanwhile, during the meeting with the new Canadian Prime Minister Mark Carney, Trump pulled tensions, claiming that the United States “doesn’t do a lot of work” with their northern neighbor. It is the main scratch considering that Canada is among the American most important trading partners, with Fresh data The American demand for Canadian cars, wood and energy is displayed, as well as American “huge services surplus, which includes everything, from the Netflix stream to international tuition.
Marriott Beat Q1 earnings Expectations, but lowered his leadership, referring to the decline in the US government.
On Wednesday, expect that Fed News, although the reduction in speed is not expected, in the middle of Disney and more.
Stocks are traded lower by noon
American stocks traded on Tuesday on Tuesday afternoon while investors developed growing volatility and digestion fresh – and worrying trade information.
Dow Jones Industrial average fell 300 points or 0.74%. S & P 500 also slipped 0.62, and Nasdaq fell 0.73%. Small-Cap Russell 2000 fell 1%.
Palantir (Fungus+ 1.01%) stock fell 13% Tuesday, despite reporting on the strong results of the first quarter after closeest on Monday. The company has accused rapid growth through their American operations – but it was not enough to satisfy Wall Street.
OA data show a trade gap doubling as Fed meets
The The US Trade Deficit expanded more than expected In March increases to 140.5 billion dollars – 14% jump from February revised $ 123.2 billion, according to New data Published on Tuesday per census of the census bureau and the Bureau for Economic Analysis.
Economists predicted a 307.6 billion dollar deficit, but imports increased, abruptly supporting the deficit greater – and revealing a Key unintentional consequence Growing trade tensions.
The report comes just as federal reserves starts with its two-day policies. Although rates are expected to remain, the intended chair of Jerome Powell will be endlessly combed for any signals about future rates – and any advice regarding political arrogance behind the scenes.
New power data underline spreads down
Toward Tracker Tracker TrackerAmerican export activity fell in almost all categories of products from the beginning of 2025. years, and agriculture is particularly hard affected. Luke from Oregon in Savannah report two-digit drops in the traffic of the output container, and arrivals from Asia by 43% in late April.
Cargo executives now like the disruption of the early Courid-era of chaos, because companies cancel orders, switching and attaches to movement in growing costs.
Ford and Mattel are the latest forecast to withdraw
Ford (F-2.22%) Published Q1 income From $ 40.7 billion and a $ 1.0 billion eBit, but has set out its year-round guidelines, not surprisingly attributing to deepening uncertainty due to tariffs and global regulations. The company now expects to hit 1.5 billion dollars this year to customize EBIT, and EXECS promised updated guidelines in Q2.
Exposure is real: Ford’s Deceased supply chain in great relies on the import of car parts and raw materials, especially from Mexico, Canada and China. The company has already killed billions from the costs from the last steel and aluminum tariffs and are now facing fresh pressure while the US signals a new ride in the levies. Ford Stock rose by 1% Tuesday morning.
Mattel (Matte+ 0.16%) Also win expectations – with Q1 income 2% to 827 million dollars – but joined Ford in the abolition of 2025. Years. Tomyker marked up to $ 270 million in tariff costs and said to increase prices, move chains to supply and reduce costs to blunt.
Giant toys continue to source most of their products from China – about 65-70% – which makes it one of the finest sensitive American brands. Mattel obliged to reduce that number up to 20% by 2026. by investing in factories in Mexico, Vietnam and India, but the turn is required. In the meantime, it is on the frontal lines of the trade war that show no real signs of resolution.
Mattel Stock was light on Tuesday morning.
How even exactly the tariffs?
In related trade news, Trump told Sunday that he wanted to impose 100% tariff on foreign films – which, as a week roll, has some observers head scratch.
With most of the movies, not crossing boundaries in physical form, any attempt to tax them in theoretically involves targeting licensing fees or new impressions on digital media. This would launch a multitude of legal, logistics and diplomatic headaches – and are risked on safety platforms or consumers in the process.
Netflix shares (Nflx-0.32%) And Disney (Displace-133%) They were also mainly on Tuesday morning.
Openai is around the face
Openai preserves its non-profit heart – abolishing a controversial plan convert control over their business AI to a non-profit structure. Instead, a non-profit plate that is exposed (then returned) I Altman 2023. He will remain in charge. The company announced discussions with regulators in California and Delaware, whose approval would need for a change, was a factor.
Today’s earnings: from chips to login
AMD (AMD+ 0.47%) The results are expected after the bell today as called Wall Street scans for any reading on the AI ​​chip request.
Also reporting: arista networks (Aneta+ 0.69%), Vojvoda Energija (All-0.58%), Ferrari (Race-1.06%), Doordash (Dash-0.70%), and Marriott International (Oh-1.04%) – Submission of interconnection of data on everything, from infrastructure and travel in luxury and logistics.
2025-05-06 20:39:00
