The American markets opened more low Wednesday, continuing their weakness from Tuesday.
The S&P 500 reference dropped by 0.55%, while the NASDAQ composite fell by 0.61%and the industrial average of Dow Jones decreased by 0.82%.
Health and retail services have dropped the most, with a decrease of 2% and 1%, respectively.
The sustainable consumption sectors and non -energy minerals were green on Wednesday.
Keysight Technologies was a major winner of the S&P 500 with a gain of 6%.
Fair Issac Corporation, Palo Alto Networks experienced a drop by more than 10% and a drop of 6%, respectively.
The gross margin of the third quarter of Palo Alto Networks was lower than expectations, although the company has beaten the expectations of profits and income.
Class A Google’s actions have shaken up the trend with an increase of more than 1% while the market burst on its latest AI offers at the Google Io Developer conference.
Google had unveiled a new monthly subscription, “Google Ai Ultra”, for $ 249.99 per month.
The subscription offers users full access to gemini by providing higher use limits, a flow, its new AI cinema tool, 30 storage teraoctets and a premium YouTube subscription.
Google has also announced partnerships with Warby Parker and Kering for its smart glass market.
Analysts gave bullish calls for Google and an increase in price targets for action.
Morgan Stanley’s target price increased 13% while Bank of America has increased 22%.
Stocks like Meta, Netflix and Tesla were also marginally green.
While Amazon was down 1%.
On the other hand, the European market reversed previous weakness after opening its doors at the start.
The Dax of Germany was slightly higher by 0.07%. The FTSE 100 of the United Kingdom increased by 0.11% while the French CAC 40 further fell by 0.40%.
Trump’s golden dome
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US President Donald Trump said the United States would build an anti-missile defense system for the “golden dome”.
Trump said the system is expected to come into service within 3 years.
The defense system will be able to intercept the missiles launched from any part of the globe, said Trump.
He added that he would also be able to stop the missiles launched from space.
The president announced a package of $ 25 billion for the initial phase of the defense expense for next year.
The project should cost around $ 175 billion.
Victims price
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Prices are starting to make victims on the American market.
Retail Corporation Target actions fell 6% after the company has missed income expectations in the first quarter and reduces sales prospects for the full year.
The leaders of the company have low discretionary expenses and uncertainties caused by American prices.
Target was not the only company affected by prices.
Walmart also traded on Wednesday, extending his weakness to a third session.
Walmart, when he calls for profits last week, said he would increase prices to combat prices because he said the levels were still too high even after the recent scale.
