Wall Street has closed with a mixed sign this Friday (Dow Jones:+0.13%; S&P500: -0.01%; Nasdaq: -0.32%) In the midst of Judicial fluctuations for tariffs. Especially after the United States International Trade Court suspended Donald Trump's reciprocal ratesand subsequently, the Court of Appeals Timely «lift the blockade. Thus, in him Monthly computationthe American indices have ended a fifth month of the year of strong profits, where the Nasdaq has risen 9.56%, the S&P 500 by 6.15%and the Dow Jones, 3.93%; At a weekly level the balance has also been positivewith advances of 2% for Nasdaq, 1.87% in the case of S&P 500, and 1.6% for Dow Jones. «As a result, uncertainty has increased: nobody knows with certainty what is legal and what is not. Some reports suggest that the Trump administration could still find legal foundations to maintain its tariff policies. One of the most cited tools is the Section 232 of the Commercial Expansion Law of 1962, which allows specific tariff Section 301which addresses unfair commercial practices, and Section 122apparently designed to manage commercial deficits and defend the US dollar. «If it is finally determined that tariffs are illegal, The disposition of the partners to make concessions during trade negotiations could decreasewhich is not precisely ideal, especially considering the crucial negotiation period. And nobody knows if there will be legal clarity before the deadline of June 9 for European commercial negotiations, which could culminate with 50%tariffs, «adds the expert. In the opinion of Link Securities strategists,»The ruling complicates the commercial negotiations that the US maintains with many countriessince these could be less willing to make concessions or choose to wait until they finally happen in US courts before closing a new commercial agreement. All this does nothing but maintain uncertainty about what will be the final result of this entire tariff plotwhat we consider in principle negative for the behavior of risk assets. «All in a May in which the tariff chaos has shared prominence with the Concern about the high debt of the US, what has been reflected in increases in the profitability of the bonds.
The PCE improves forecasts
Investors have also remained attentive to the Macro agenda, which this Friday has included the publication of the APRIL PCE consumer deflatorthe preferred inflation measure of the Federal Reserve (Fed)which has provided a fall greater than expected for the general index, which has dropped to 2.1%, while the underlying rate has matched the projections with a 2.5%decrease. Likewise, the consumer trust, that has risen more than expected, and Inflation expectations that the University of Michigan elaborates, which have yielded both in the short and long term.
Companies and other markets
On the business level, GAP 20.18% have collapsed after warning about a possible impact of between 100 and 150 million dollars in the operational income of fiscal year 2025 for tariffs. In other markets, oil West Texas has dropped 0.20% ($ 60.82) and Brent It has retreated 0.39% ($ 63.90). For its part, the euro 0.18% ($ 1,135) has depreciated, and ounce of gold has lost 0.78% ($ 3,291). In addition, the 10 -year American Bonus Profitability It has moderated at 4,398% and the Bitcoin has lost 1.21% ($ 104,685).
