Wall Street Indices Plummet Amid Trade Policy Uncertainty

Major Wall Street indices closed in the red as investors reacted to President Trump's evolving trade policies and first-quarter corporate reports. Financial sector gains were noted despite overall losses in Dow Jones, S&P 500, and Nasdaq indices.


Wall Street Indices Plummet Amid Trade Policy Uncertainty

Wall Street stock indices experienced ups and downs throughout the day, ultimately ending with negative variations. Investors continue to evaluate changes in President Donald Trump's trade policies, as well as corporate reports for the first quarter of the year.

During the session, the Dow Jones Industrial Average showed a decline of 0.38%, ending at 40,368.96 points, followed by the S&P 500 with a decrease of 0.17% to 5,396.63 units, and the Nasdaq fell by 0.05% to 16,823.17 points.

Despite these figures, the financial sector performed well during the day. Bank of America closed up 3.60% after announcing a 17% increase in its equity operations, generating $2.18 billion in revenue. Meanwhile, Citigroup rose 1.76% after revealing that its trading division reached $6 billion in the first quarter, surpassing analysts' expectations.

In Europe, indices also recorded gains, with the FTSE MIB in Italy and the IBEX 35 in Spain seeing increases of 2.39% and 2.14%, respectively. In Mexico, the S&P/BMV IPC of the Mexican Stock Exchange advanced by 0.48% and the FTSE-BIVA of the Institutional Stock Exchange fell by 0.65%.

Regarding oil prices, both West Texas Intermediate and Brent saw declines of 0.32% and 0.03%, respectively, after the International Energy Agency reduced its global oil demand forecast by 300,000 barrels per day in its monthly report.