Wall Street has closed with moderate sales (Dow Jones: -0.48%; S&P500: -0.32%; Nasdaq: -0.03%) This Friday after meeting the Official Employment Report of August, which has been worse than expected and seems key to the monetary policy decisions of the Federal Reserve (Fed). In the weekly computation, American indices have ended a mixed weekin which Dow Jones has yielded 0.32%. while the S&P 500 and the Nasdaq have advanced 0.33% and 1.14%, respectively. The consensus anticipated the Creation of 75,000 new jobsalthough the data has stayed well below, after showing 22,000 new payrolls in the month.
Kathleen BrooksXTB research director, points out that «the broad nature of the deceleration probably generates concerns about the state of the economyit could also cause the anger of Donald Trump and even more pressure on the Fed to cut the fees. » The expectations of a 50 basic points in September are likely to increase. The yields of the American treasure bonds have dropped considerably, the 2 -year performance has dropped 9 basic points after the report, which is causing a fall in the yields of global bonds, «he adds. After the report, the market has begun to Value the option of a 50 bp cut in Septemberwith a 15% probability according to the CME ‘Fedwatch’ tool, although the favorite option remains a decrease in a quarter point. The employment data has not liked the US government, and the Economic Advisor of the White House, Kevin Hasett, has described the report as «A little disappointing»although he has been confident that «be reviewed up.» On the other hand, Brooks points out that «as concern for the economy increases, We could see difficulties in actions. «
«Small and medium capitalization actions and cyclic sectors, such as discretionary consumption actions, will probably be the first to suffer difficulties. If technological actions suffer, it is possible that they occur most pronounced falls in the S&P 500since companies such as Broadcom and the magnificent 7 have promoted the S&P 500 to new historical maximums in recent weeks, «he explains.
With tariffs on focus
Beyond all this, the duty They have returned to focus the attention of the market since last Friday a federal court declared most of Donald Trump’s rates illegal because they were implemented under the International Emergency Emergency Powers Law (IEEPA). The US president has asked the Supreme Court to quickly pronounce on this matter that, for the moment, has put on the table the possibility that The government has to return the money already admitted For tariffs. This has stressed the bond market. But also, Trump has warned that he will impose «quite substantial» rates to semiconductor imports of companies that do not transfer their production to the US, although It will exempt companies like Apple to increase their domestic investment. Likewise, he has signed an executive order to Implement a commercial agreement with Japanwith basic tariffs of the 15% About most Japanese products, including cars. «It was known, but Execution eliminates uncertainties«They emphasize in Bankinter.
Companies and other markets
On the business level, Broadcom 9.41% has shot after obtaining a Net profit of 4,140 million dollars In its third fiscal quarter, compared to the losses of 1,875 million registered in the same period of 2024. The company has also offered optimistic forecasts. On the opposite side, Lululemon It has sunk 18.58% after disappointing with its results and Cut your annual guide for the impact of tariffs. The actions of Nvidia (-2.70%), in fear of an increase in competition for American technology, since Openai prepares the launch of a new AI chip in collaboration with Broadcom.
In other markets, oil West Texas has dropped 2.35% ($ 62.01) and Brent has yielded 2.02% ($ 65.64). For its part, the euro 0.55% ($ 1,1714) has been appreciated, and ounce of gold It has advanced 1.12% ($ 3,647). In addition, the 10 -year American Bonus Profitability It has relaxed 4,088% and the Bitcoin has advanced 1.38% ($ 111,427).
