The shares ended on Tuesday lower, which extended the routes on Monday, while President Donald Trump doubled his trade war with Canada and a warning from Delta Air Lines sent many travel -related shares.
The industrial average of Dow Jones fell 478 points, or 1.1%, and the S&P 500 fell 0.8%. The Nasdaq closed around 0.2% as a rebound of 1.7% in NVIDIA (NVDA) and profits in some other major technical shares were not enough to save the day. Apple shares (AAPL) and Google Parent Alphabet (Googl) both fell.
Trump escalated his dispute with Canada by saying that he would double the rates on the aluminum and steel of the country to 50% after Ontario had set a tax on electricity that it sends to the US, the administration remains confidence in the long -term benefit of his economic changes, a spokeswoman said.
“In a period of economic transition from that economic nightmare, we are never an idea of what he was doing, never a job in the private sector in his life, in a golden age of American production,” Karoline Leavitt said reporters in the White House.
A bit of good economic news came on Tuesday: American vacancies rose in January to 7.74 million from a revised 7.51 million in December, a sign that the labor market was stable when President Joe Biden left the office. The consensus estimate was 7.6 million openings.
Tesla (TSLA) supply organized a modest comeback of yesterday’s 15% fall, by 3.8%, as Trump said he would buy one of Elon Musk’s EVs.
Delta Air Lines (DAL) Shares fell by 7.3% after the company had reduced its profit of the first quarter and the sales forecasts at the weaker domestic travel question. It kept his prospects for the entire year. American Airlines (Aal), Expedia (Expe), Booking Holdings (BKNG), Hilton (HLT) and Airbnb (ABNB) shares also fell. Disney (DIS) fell by 5%, which extended the recent decline.
Retailers also got Pummeled. Kohl’s (KSS) fell 24% after the quarterly profit had missed consensus and the projections also failed. Dick’s Sporting Goods (DKS) fell 5.7% after a disappointing profit viewing competitions was larger than better than expected tax results of the fourth quarter.
Southwest Airlines (LUV) shares, on the other hand, increased 8.3% after the courier said that it will leave his free Bags policy for most passengers, of which analysts said they will stimulate income, but will also harm his brand and harm customer loyalty.
Oracle (ORCL) decreased by 3.1% after the tax income of the third quarter fell no more than the expectations of analysts fell.
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