S&P 500 snaps four-week losing streak

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American stocks picked up a four -week loss chain on Friday, as S&P 500 stumbled on some of the previous losses driven by a wave of profit from weak companies.
S&P rose 0.1 percent on Friday, leaving it by 0.5 percent for the week. The nasdaq composite technology rose with a similar margin on Friday.
The height came despite a round of dark profits. FEDEX shares fell 6.5 percent after the logistical services group reduced its profits, and blamed “weakness and uncertainty in the American industrial economy.”
Nike fell 5.5 percent after warning that she expected sales to decrease, citing definitions and consumer confidence. The shares in Lynar fell 4 percent after the second largest house construction company in America warned that “constantly high interest rates and inflation” along with a contraction in consumer confidence, and a limited supply of real estate at reasonable prices that made “difficult for consumers to reach home ownership.”
The shares have been threatened in recent weeks due to concerns about the economic repercussions of US President Donald Trump’s tariff policies, as well as a sale in the previously high technology sector, which attracts S&P to a correction area.
Recovery early in the week after the Federal Reserve kept interest rates hanging, but indicated openness to the discounts later this year.
“The markets are increasingly focused on intimidating the growth of Trump’s policies,” said Manish Kabra, head of the American stock strategy at Société Générale. Both tariffs and [Department of Efficiency cuts] Increased uncertainty. “
Bank of America, led by Claudio Eriguene, said, while Dij Sites will burden the government and consumers as a result of the escalation of increasing demobilization operations, that the US President’s tariff ads were “more aggressive and disturbed than expected.”
BOFA reduced this week the US GDP for the first half of the year to 1.5 percent of 2.4 percent, and raised its goal of “basic” inflation, which comes out of food and volatile energy, to 3 percent for the second half of 2025.
A survey of the Goldman Sachs, which included 150 investors, was released on Thursday, that 90 percent reduced the forecast of GDP for 2025 since early December.
Three out of five investors said that the customs tariff “is the greatest risk of the economy” this year.
In Europe, stocks fell, with Stoxx Europe 600 closed by 0.6 percent.
2025-03-21 20:18:00