US stocks were lowered on Tuesday as investors were approximately Policy tar Shifts by President Donald Trump, and Focus turned to inflation with evidence from the federal chairman Jerome Powell in the pipeline.
By the mid -morning trade, stocks were away from their session lows with Dow Jones's industrial average (^Dji) Slipped about 0.2% lower, while the S&P benchmark 500 (^Gspc) Reduced by approximately 0.1%. NASDAQ Compound Technology-heavy (^Ixic) also pulled about 0.1%back, after a Winning Day on Wall Street.
The tone is wary of waiting for Trump to reveal his plan for general -like general tariffs, promised for a mid -week announcement. President on Monday Install 25% tariffs on all steel and aluminum imports from March 12, according to executive orders. That puts further pressure on the highest trading partners Canada and Mexico.
Investors are trying to measure how far Trump's tariff threats will convert to action, as they are concerned about the impact of a trade war on corporate earnings, the world economy, and on inflation in particular. Gold (Gc = f))) Set a fresh record As investors try to shelter from the uncertainty, before retreating on Tuesday.
In the midst of those concerns, markets are looking at Powell's two -day evidence in Congress, Starting Tuesday in ParliamentFor any suggestion to think the Fed about how tariffs could affect pricing pressure. In his opening remarks, Powell told the makers of The Fed Laws not in a hurry to adjust interest rates.
Meanwhile the account is down January consumer price index Reading Wednesday and his wholesale companion on Thursday, as an inflation remains continuously.
On the earnings front, Coca-Cola (That) Shares rose after Beat estimates For profit and revenue of the fourth quarter as soda demand stays firm in the middle of price increases. Shopify's (Shopping) Bounce stock back from pre-market losses after e-commerce company reported a Downbeat's first quarter profit preview with better than expected holiday sales.
Meanwhile, an application is led by Elon Musk to buy Openai's coverage caught in Wall Street as fears spend and continue pressed on the magnificent seven. CEO of the Non -Standing Sam Altman shot down the unsolicited motion of $ 97.4 billion, a significant undermining of its valuation.
Elsewhere in the field of technology, meta (Meta) He started dismissing employees as part of CEO Mark Zuckerberg promise to cut thousands of jobs in a pivot to find ai talent.
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Powell says 'We don't need to be in a hurry' to cut rates
Fed Chairman Jay Powell is expected to start taking questions from law makers in minutes, and in ready -made comments released before his evidence, the Chair reiterated his view that the central bank does not need to be urgent to cut interest rates.
“With our policy stance now significantly less restrictive than the economy remained strong, we do not need to be urgently to adapt our policy stance,” said Powell.
With reference to inflation, Powell said valuation pressure remains “somewhat higher compared to our 2 percent goal run longer (inflation).”
On the wider economy, Powell said it was expanding on “solid speed.”
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Coca-Cola on the effect of tariff, inflation
Coca-Cola (That) Another strong quarter posted as the company's management team discussed the potential impact of Trump's tariff policy and recent pricing pressures.
Brooke Dipalma Yahoo Finance has the details:
“Goods in the low singles range will generally, some pressure on the agricultural especially juice and coffee that is a big part of our center,” said Coca-Cola CFO John Murphy on the earnings call. “We have the usual set of impulses that will use those.”
CEO James Quincey added that President Trump's latest aluminum tariffs will mainly affect the US market.
“If one package suffers an increase in input costs, we continue to get other packaging offerings that will allow us to compete in the affordability space,” he said, adding if aluminum is getting more expensive, it will place more emphasis on plastic bottles. He called him a “manageable problem.”
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Stocks open lower with tariffs at the top of the mind
US stocks opened lower on Tuesday with Tariff Uncertainty At the top of the mind for investors as traders also look forward to evidence from federal chairman Jerome Powell on deck later this morning.
Shortly after the opening bell, Dow Jones's industrial average (^Dji) move about 0.3% lower, while the S&P benchmark 500 (^Gspc) also decreased by about 0.3%. NASDAQ Compound Technology-heavy (^Ixic) withdrawn approximately 0.5%, after a Winning Day on Wall Street.
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Oil adds to earnings in the midst of signs of sanctions drew to Russian supply
The future of oil rose 1.4% on Tuesday, on track for a third day of earnings as investors assessed signs that US sanctions on Russian raw put a toler in the output of the main producer.
Brent Raw Future (Bz = f) He climbed the international benchmark, to just below $ 77 per barrel, after closing 1.6% higher on Monday. U.S. U.S. Texas Future Intermediate (Cl = f) Move up to $ 73.35 per barrel.
Russian oil production fell in January to further below its OPEC+quota, Bloomberg reported. Meanwhile, its raw supplies are being offered to Chinese buyers for a deeper reduction as US sanctions beds in, he said.
The signs of failing to Russian supply in Eclipse seemed to be concerned about the impact on the world economy -Trump's tariff overhaul, which promises demand for demand.
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Starting Trump 2.0 is not absolutely what Wall Street expected
President Trump's unexpected policy movements are troubled expectations in major financial institutions, David hollige Reports:
Read more here.
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Good morning. This is what happens today.
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Seng hanging closes 1% lower as Asia stocks fail
Stock indices in Asia fell on Tuesday as investors assessed the impact of Trump's tariffs on steel and aluminum warmly, while Chinese car shareholders slipped.
Hang Kong Hong Seng (^Hsi) decreased over 1%, while the CSI 300 (000300.SS) In Shanghai Shenzen X%collapsed, both meters reverse course after rising for several sessions.
The Sensex (^Besses) In Bombay 1.3% fell in the midst of concerns about the impact of the new 25% tariff on the primary exports of the aluminum producer to the US.
On the corporate front, the shares of Chinese automation xpeng (9868.HK. Xp) and Geely Auto (0175.HK. Listen. Endure))) has fallen in Hong Kongdown 9% and 10% respectively.
The movements came after the world of China (1211.hk. Be) launched free driving features across most of its lineup, Intenses the War of Regional EV and briefly raise its share price to the record. At the same time, fresh data indicated that Chinese car sales posted their Large drop in almost a year In January.
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Gold (Gc = f) continues to reap the benefits of uncertainty in stock markets. President Donald Trump's 25% tariffs on steel and aluminum have pushed the Haven Safe asset back to a highlight for the second week in a row.
Bullion always touched on top above $ 2,921 per ounce, maintaining a momentum of 1.7% boost in a day session before that.
Bloomberg reports::
