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US stocks fell on Friday when the impact of weak business earnings shortened the recent reflection and left the S&P 500 on the course for its fifth week in a row of decline.
S&P dropped by 0.7 percent until late in the morning, with all 11 sectors on the negative territory, while the technologically heavy NASDAQ Composite lost 0.6 %.
FedEx shares a slipping by 9.4 % after the company has reduced its earnings' forecasts and accused the persistent “weakness and uncertainty in the American industrial economy”.
Nike dropped by 5.9 % after warning that she expected sales to drop, quote tariffs and decrease consumer confidence. Lennar's shares fell by 4.57 % after the second largest Kumum Homebuilder warned that “permanently high interest rates and inflation” combined with a decrease in consumer confidence and limited offer of available real estate “made it difficult for consumers access to house ownership”.
This step means that Benchmark Wall Street has gave up his little profits from the earlier week and is heading for the longest lane of weekly losses in almost three years.
In recent weeks, the shares have been shaken by President Donald Trump's aggressive clusters, as well as sales in the previously highly flying technological sector, and attracted S&P to the correction territory.
Jump at the beginning of the week after the federal reserve system held the interest rate, but signaled openness to the reduction later in the year.
“Markets are increasingly focusing on the frightening of Trump's growth,” said Manish Kabra, head of the US capital strategy in Société Générala. “Both tariffs and.” [Department of Government Efficiency cuts] Increase the uncertainty, ”he added.
The tariff announcement of the US President “was” more aggressive and confused than expected, “said Bank of America analysts led by Claudio Irigoyen, while the Doge cuts will weigh government and consumer expenditures as a result of the growing permission.
This week, BOFA reduced its GDP forecast in the US GDP in the first half of the year to 1.5 % of 2.4 % and increased its goal to “basic” inflation that reduces the volatile food and energy prices to 3 percent for the second half of 2025.
The Goldman Sachs survey with 150 investors, which was published on Thursday, showed that 90 percent from the beginning of December reduced their forecasts of 2025 HDP.
Three out of five investors said that tariffs are “the greatest political risk to the economy” this year.
