Magnificent 7 shares rumble, Dow kill as Powell warns of tariff relegation tariffs star-news.press/wp

Magnificent 7 technological stocks are trapped, the entire market lower the other day, after Jerome Powell warned of the performance of the new Tariffs of President Donald Trump, but said the federal reserve would not run reduce interest rates.

“Now it becomes a clear increase in tariffs will be significantly higher than expected, and will be true for economic effects, which will include greater inflation and more slowly in the company’s advantage and writing and writing writing conference.

Stocks have extended their falls after Powell spoke on Friday. The S & P 500 index ended the day down almost 6%, and NASDAQ Composite drop 5.8%, and the Dow Jones Industrial average shedding 2,231 points, or 5.5%. Stocks had their worst day In five years on Thursday, then did it again on Friday.

Nvidia (Nvda-5.83%) and apple (AAPL-5.92%) Each one fell about 7.3%. The fall in the other Mag 7 shares were 5% for the target (Target-3,35%), 4.1% for Amazon (Amzn-0,99%), 10.4% for Tesla (Tsla-8.68%), 3.5% for Microsoft (MSFT-2.15%), and 3.2% for Google Parental Alphabet (Googl-1.04%). Energy companies including Exxon Mobil (Xom-6.54%), Chevron (CVX-7.64%), and Konokofilip (Policeman-8.82%), paired for fear of recession.

Powell said that the size and duration of tariff effects are insecure and that policy makers “should not be in a hurry” to make decisions on monetary policy, added. “We’re going to need to wait and see how this is playing.”

Trump, through social truth, called again Powell to reduce rates and accused the studio of neutral foster chairs for playing politics. Said before through social media that his “politics will never change” after insisting on Thursday that “goes very well” and that “markets will be blooming.”

However, Nike led the jump In some shares of shoe and clothing manufacturers, they receive 4.3% floor, after Trump said that he held a “highly productive call” with the Vietnamese leader and that trade talks were possible. The trainer, which sources about half of production in the country of Southeast Asia, was 3% in the market near.

Earlier on Friday, Peking imposed 34% of tariffs on all American goods, coincided with Trump’s duties and undertaken other measures, including limiting the exports of some rare terrestrial materials and prohibition of some US companies in China. The EU has not yet announced from retaliation.

In addition, employers 228,000 jobs added In March, a seasonally adapted basis, which is reduced from reduction revises 117,000 in February and beat an average estimate of 130,000. However, the unemployment rate increased to 4.2% with 4.1%, and the wages per hour has risen 0.30%, both appropriate projections.

Better than expected job numbers are the religious era are the religious era in the US economy and will not fit on the road Fed Camating Rates Later this year, economists said.

“Mounting uncertainty and consequent investment palsy will likely lead them to mitigate bias in the second half of 2025.”, Jefferies (Jez-9.07%) “Chief American economist Thomas Simons wrote in records of clients. However, the Politics of Fed in this cycle is reactive, so, so it is likely to remain waiting, he added.