After standard benefits … “Wall -Strite”, it decreases from the landing of “Tesla” and slowing down in the pulse
American promotions fell on Tuesday with a slowdown in the Wall impulse -Strithon after it increased to record levels over the past two days, while the sharp fall in Tesla’s arrow was additional pressure on the market.
The Standard & Poor’s 500 index fell by 0.3 percent in early trade, heading for the first four -day losses. The Dow Jones industrial index also fell by 21 points (less than 0.1 percent), while the NASDAK index lost 0.5 percent according to the Associated Press.
Tesla was one of the most outstanding losers, since her share fell by 6.9 percent to record the largest negative impact on the Standard & Poor’s 500 index, against the backdrop of the growing tension between his general director Elon Musk and US President Donald Trump. After previous friendly relations, both parties entered into a public dispute, and Trump threatened to conduct consideration of state subsidies and contracts that benefit from musk, which exacerbated pressure on the action, which fell more than 21 percent of the year.
This decline arises in the light of the growing problems that the market faces, despite the strong recovery that it witnessed after the wave of sale in the spring, which was about 20 percent. Among the most noticeable of these problems is a constant threat to impose new customs duties by the Trump administration, which is expected to enter into force for about a week, which can damage economic activity and feed inflationary pressure.
At the same time, the US Congress discusses a package of tax reduction and financial measures that can increase the budget deficit, which can lead to an increase in interest rates, and negatively affect bonds, promotions and other investments.
Despite these problems, the Strategists at Barclays referred to the signs of the growing state of “investment euphoria”, especially among individual investors and people with limited wealth. They indicated that some of the measures of excessive optimism are approaching the levels that preceded the bubble “M and Al -Mim, such as“ Jim Stop ”or a bubble from a point in the early millennium.
They added that the demand for what is known as “open checks” that are aimed at the acquisition of private companies is another sign of crazy activity in the market.
Nevertheless, Barclays analysts, led by Stefano Pascal and Anchol Jveles, emphasized that “market vesicles are difficult to predict, and often lasts longer than many expect before fixing.”
In the bond market, the yield of treasury bonds of the United States regulated relatively, in anticipation of the release of a number of important economic reports at the end of the week. The profitability of bonds has slightly reduced from 4.24 percent to 4.23 percent.
In world markets, European actions recorded a slight decrease after different sessions in Asia; Since the Japanese Nicki 225 index fell 1.2 percent, while the South Korean Cosby index increased by 0.6 percent.
