The New York Stock Exchange was closed with a decline, the Dow Jones index fell 0.45 % to 43,209.50 points, while the SP 500 decreased by 1.59 % to 5,861.57 points and the NASDAQ index fell to 18.544.42 points with 2.78 %.
The tariff policy of US President Donald Trump has kept investors' concerns that trade wars may be deeply, while investors obey the macroeconomic data described by NVIDIA's financial consequences. Saying that he would not stop tariffs on Canada and Mexico, Trump said they decided to apply 25 % tax to the European Union and they would soon announce these customs missions. Trump stated today that Mexico and Canada's tariffs will take effect on March 4 and the 10 -percent tax will be applied to China on the same day. The US economy has grown in parallel with 2.3 % in the fourth quarter of 2024. The core personal consumption costs, of which food and energy spending are excluded, have been revised from 2.5 % to 2.7 % in the same period. For the first time in the United States, the number of people applying for unemployment benefits increased to 242 thousand, more than the market expectations. The number of durable domestic assets increased above expected with 3.1 % in January. Selling houses waiting in the United States, 4.6 % in January with a reduction on expectation. Despite the high inflation indicators, the durability of the US economy continues. The rate of interest rates of 10 -year treasury bonds of the United States increased by 2 basic points to 4.27 %.
NVIDIA starts with Rise NVIDIA's income increased by 78 percent on the basis of annual to 39.3 billion USD. The company's net profit increased by 80 percent to $ 22.1 billion annually. NVIDIA's income and profit left the market expectations, while the chip manufacturer announced its expectations in the current quarter of $ 43 billion. Analysts have shown that NVIDIA, who announced the first accounting balance sheet after China's DeepSeeK initiative of the Shaken Market's artificial intelligence model, ease concerns about cooling the needs in this field. However, NVIDIA's stock has completed the date with an increase of 8.5 %. The Fed President of Kansas Jeff Schmid said that survey measurements about the expectation of inflation were defective, but inflation reached the highest level in the past 40 years, while the Fed did not have time to reduce the guard, he said. Schmid, who claimed that the risks for inflation seemed to increase and the uncertainty could increase the pressure on growth, Schmid talked about the importance of the Fed that was almost no credit.
Reviews of the President Fed “I believe that the monetary policy has the elegance of patience, and this will probably mean keeping the ratio of federal funds unchanged for a while,” President Cleveland Fed Beth Hammack pointed out that disinfection was abnormal and slowed down. Evaluate. As long as the labor market is still healthy, the adjustment of the policy is looking for evidence that inflation is still sustainable in 2 % for sustainable way, Hammack says there are risks that go up for inflation. The hammock indicates that he doesn't think that monetary policy is significantly limited and they may have been close to a neutral environment. President Philadelphia Fed Patrick Harker said that policy benefits continued to be limited enough to continue to create pressure to reduce inflation for a long time without negatively affecting the rest of the economy.