Wall Street indicators lose momentum amid Trump's pressure on pharmaceutical enterprises

The Gulf of Ascension in the US stock markets stumbled before the date on which customs duties were drawn up by President Donald Trump, at the time of the White House, major pharmaceutical businesses demanded to lower their prices in the US market. As for the treasury and the dollar, their movement remained limited before issuing work data. The S&B 500 has decreased after rising by 1%, the first time it has eradicated similar profits since April. Trump sent messages to 17 of the world’s largest pharmaceutical companies, including ‘Eli Lily’, ‘Novo Nordesk’ and ‘Pfizer’. On the other hand, the “Seven Great” index (Apple, Alphabet, Amazon, Invidia, Meta, Microsoft, Tesla) recorded its highest level ever, driven by strong profits from some major enterprises. The market value of “Microsoft” temporarily exceeded the 4 trillion dollar checkpoint, while the shares of “Mita Plasmoms” increased by 11%. The results of “Apple” and “Amazon” are expected to be released after the market is closed. “Although we expect shares to continue during the next twelve months, investors should be aware of the possibility of fluctuations in the market in the coming weeks,” said Mark Hevi of UPS for Global Wealth Management. He added: “We see that the maintenance of capital or the acceptance of gradual entry strategies can be effective in light of the fluctuations of close -scale.” Trump signed an executive order for the application of new fees. The White House said Trump will sign an executive order on Thursday to set up new customs duties on commercial partners and come into effect on Friday. Trump has reached agreements with the European Union, the United Kingdom, Japan and South Korea, while he has unilaterally specified fees on other countries such as India and Brazil. Meanwhile, the return on Treasury bonds has not changed ten years and has resolved at 4.36%. The dollar rose at the end of its best month in 2025. In contrast, the yen fell after the statements of the Governor of the Bank of Japan, Kazu Oida, were less severe than expected. Prior to issuing work data, data showed that the Preference Index of the Federal Reserve to measure the basic inflation in June, to record one of its fastest and its flip this year, while consumer spending almost increased, which justifies the division within the central bank over the future of interest rates. The basic personal consumer expenditure index rose 0.3% from May, by 2.8% year -on -year, in acceleration of Pionio 2024, suggesting that efforts to combat inflation have not made significant progress over the past year. The data also showed that the amended consumer spending increased slightly last month. “The inflation is still stubborn, and it justifies the federal decision to hold interest rates without change in the meeting Wednesday,” said Clark Beilin of “Peltar Wilth”. He added: “The market does not have to lower interest rates to continue to rise as it has already earned strong profits this year without any reduction.” Chris Zakarili of “Northlate Asset Management”, in turn, waited for the impact of customs duties on inflation: “As is the case with many things in the economy, the situation is still very volatile, and we have not yet seen the full impact of customs duties on inflation.” He added: “We are fully in the market, and it poses a risk, but it is a risk that the market may ignore as long as the profits of the businesses continue to grow.” Separate data showed on Thursday that the initial unemployment applications did not change much over the past week. Another report also showed that the growth of employment costs increased by 3.6% compared to last year, at the lowest level since 2021, which reassured the federal reserve officials that the labor market is not currently a laxative. The attention of the market will soon be transformed into a work report expected on Friday, which is expected to show that companies have more irrigated in employment. Estimates indicate that employment delayed after the increase in June, with the possibility of the unemployment rate up to 4.2%. Trump returns to criticism of Powell after the federal decision, President Trump resumed his criticism of Federal Reserve President Jerome Powell after the central bank refused to lower interest rates and ended a short ceasefire between the two parties. Trump’s remarks come after Federal Reserve officials kept interest rates unchanged on Wednesday, but they reduced their evaluation of the performance of the US economy, which is an indication of the possibility that their future borrowing costs are approaching.