The New York Stock Exchange opened this Monday in the red after having achieved a historic streak of gains, mainly in the S&P 500, amid uncertainties over Donald Trump's tariff policy, which now also affects foreign film productions.
Five minutes after the bell rang on Wall Street, the Dow Jones Industrial Average was down 0.40%, at 41,150 points; the selective S&P 500 dropped 0.72%, to 5,645 points, and the technology Nasdaq lost 0.73%, standing at 17,846.
After a series of rising days, investors are exhibiting more caution today, with selling pressure prevailing. The uncertainty intensified when Trump announced 100% tariffs on foreign film productions, citing a national security threat.
Large companies affected by this measure, such as Walt Disney, Netflix, and Warner Bros Discovery, are already recording losses in their stocks. The lack of clarity in the implementation of these tariffs has impacted the stock market.
Additionally, Trump added new layers of uncertainty by stating that, in tariff negotiations, his opinion prevails over that of other countries. A meeting of the Federal Reserve (Fed) is expected this week to discuss interest rates, amid pressures from Trump to lower them, despite the firm stance of its chairman Jerome Powell to maintain the independence of the body from the executive.
In the commodities market, Texas oil has dropped 1.48%, standing at $57.43 per barrel, following OPEC+'s announcement of an increase in production for the second consecutive month.
