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The US shares ended on Thursday mixed as steep losses in Unitedhealth withdrew DOW below.
Investors have digested current trade tensions and signals from federal reserves that reducing interest rates may not be immediate. Industrial average Dow Jones dropped 1.2%, or approximately 500 points, mainly because of 23% plunge In Unitedhealth sections after the company reduced their year-old profit forecast.
The S&P 500 increased by 0.2%, attached to gains in selected sectors, while the technologically heavy Nasdaq composite reduced about 0.13%. Nvidia fell the other day after the US expanded the restrictions on the sale of chips to China.
Trump against Powell
The market attention remained focused on the president of Fed Jerome Powell, who warned on Wednesday that larger tariffs could slow growth and encourage more inflation.
Powell said the Fed would wait for more clarity in trade policy before making any decisions, damping expectations for the current reduction of rates.
President Trump replied Intensifying the criticism of Powell, suggesting that “Chairman’s breakdown cannot come fast enough” and allegedly discuss his possible replacement.
Adding market uncertainty, the reports are indicated by Trump talking to former Governor Fed Kevin Warsh as a potential successor to Powell.
Otherwise, Chipmaker TSMC won the expectations of 60% of the net profit of Q1, thanks to the demand of AI chips. Investors also awaited earnings from Netflix, which are seen as a rare technological light point in the middle of a wider weakness in the sector.
The yields in the 10-year treasury increased to 4.325%and the US dollar modestly marked.
Share and bond markets will be closed on Friday for Good Friday.
Bitcoin (BTC) temporarily traded over $ 85,000, but was placed in the range of $ 84,600 at the time of writing.
