Stocks were usually more and more to abolish a holiday-short trading week on Thursday-even President Donald Trump criticized the work of “too late and wrong”, despite a soft set of Federal Reserve President Jerom Powell in Truth Social Post and a soft set of upcoming economic data.
Shortly after the Eastern day light at 6 o’clock, President Trump made an adverse comparison between his Fed Chair and the European Central Bank, given that the ECB is expected to be cut. Interest rates 7th time. ,
Trump describes Powell on Wednesday Speech for Chicago’s Economic ClubIn which he warned of a slow economy and high inflation, “A report that was another, and specific, complete ‘mess’!” The President concluded that Powell’s “The expiration may not come up enough!”
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Market Take a slowdown scene On Wednesday afternoon, one of the comments of Fed Chair during a question -post session. Powell said in his speech, “The markets are doing what they are going to do.”
Powell said that the economy is “taking away” from the central bank’s double mandate for price stability and complete employment. But the fed is “well posted to wait for clarity between the fed rising” TariffRelated to uncertainty.
The president prefers immediate deduction in interest rates and perhaps “Powell Put” (ie intervention by Fed). By 17 April, Federal funds by futures value A 93.8% probability indicates that the Federal Open Market Committee is stable at 4.25% to 4.50% by June, from 85.3% on 16 April. Fed -meeting May is 6-7.
Note that both stock and bond markets are closed in tomorrow’s adherence Good Friday,
Thursday concludes Bell, Dow jones industrial average There was a decline of 1.3% to 39,142, S&P 500 The 0.1% to 5,282, and Nasdac Composite The ranged from 0.1% to 16,286.
Soft data raises eyebrows
Labor department The early unemployed claims for the week ended on April 12 declined by 9,000 to 215,000, which is below the lowest level of unanimous forecast of 225,000 and the lowest level since February.
The moving average of four-week down was reduced from 2,500 to 220,750. The average of the previous week was revised from 250 to 223,000 to 223,250. Constant claims up to 1.89 million, slightly above 1.87 million.
BMO Capital Markets Senior Economist Prisila thiagamurthy Views that “unemployed applications filed by federal workers remained muted after higher spiking in February and early March.” Thiagamoorthy Note Powell said in Chicago that “the labor market seems to be in a solid position.”
meanwhile, census Bureau Said that the housing fell 11.4% to 1.32 million in March, less than a forecast of a consensus of 1.42 million. Building Permit – A proxy for future building – rose 1.6% to 1.48 million after falling for three straight months. And this Philadelphia fed manufacturing index 38.9 points in April -26.4 points, at a two -year low.
“Overall,” Tiagamurthy explains, “statistics suggest that residential construction will continue to be lacking between issues on both demands and supply aspects.” At the same time, economist “is not a major sign of” being soft in labor market conditions. ” That plus potential inflation Pressure “For now the fed is likely to place on the sideline.”
Nevertheless, “soft data continues to increase eyebrows.”
When a huge stock falls
United health group (UNH) on Thursday faced his one day sales in nearly 27 years, which fell 22.4% after failing to meet expectations for its first quarter and Announced a big cut under its full year’s guidanceOn August 6, 1998, UNH declined by 28.4%.
Dow jones stock $ 7.20 per share reported by $ 7.20 per share, below $ 7.29 with a factset-convenient consensus. The revenue of $ 109.6 billion was reduced by a forecast of $ 111.6 billion. The United Health now expects to report an EPS of $ 26 to $ 26.50 below the range of $ 29.50 to $ 29.50 in December.
Management cited “Signs of care activity within United Healthcare” Medicare advantage Business, “Given the rate of use of physician and outpatient services higher than expected in the quarter, as well as the” greater-approved effects “of the ongoing medicare funding cuts as the biden administration.
“The company believes these factors can be highly addressed during this year and also ahead of 2026,” United Health said in a statement.
“Today, Dow is mainly working hard by the same name: United Healthcare,” says Luis Navilier Nevelier and Associates. In addition to drowning the health insurance sector, UNH “almost single-hand is moving the dow down.”
Calculation of Dow is “not by the weight of market value, but a winning mathematics calculation that gives the biggest weight to share the share price.” And the United Health on Wednesday opened the day with the biggest weight in Dow based on its $ 585.04 closing price.
The UNH stock is now 10.2% in the price so far in 2025 and 7.9% in 12 months.
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