Dow Jones down on weak earnings, Trump’s DOJ threatens tariff evaders

The S&P 500 and the Nasdaq fell from the record peaks after the DoJ announced that it was going to go after the evaders of the price.

The main American stock market indices have dropped low labor market data and continuous commercial uncertainty. On Tuesday, July 29, the Dow Jones fell by 130 points, or 0.29%, brought about by low performance by large health companies. At the same time, the S&P 500 was down 0.11%, while the Nasdaq, heavy with technology, slipped by 0.09%.

The markets are focused on income, Boeing signaling stronger than expected results. However, the Spotify streaming platform missed expectationsWith its stock plunging 12%. The actions of the health giants Merck and United also dropped, because the profits have failed to impress investors. Merck fell by 3.38% despite a flash of profits, while Unitedthhealth lost 4.94% after recognizing a legal survey on his insurance practices.

Traders were also concerned about the labor market slow-downLike new openings and hiring fell in June. Data from the Labor Bureau of Labor showed that there were 7.44 million new job offers in June, less than 7.5 million planned and down compared to 7.7 million in May.

Trump’s DOJ puts pricing escapes

The markets are also under pressure due to the continuous uncertainty on the prices of the “liberation day” of President Donald Trump. On Tuesday, the Ministry of Justice said it would put high priority During the prosecution seeking to escape the prices. This decision comes as the courts still decide on the issue.

The punitive prices, in some cases above 100%, were disputed by the American courts. In particular, the courts decide whether the American president has the power or not to implement these prices as an emergency measure under the executive order. For the moment, the prices stay in place Until the court decides the broader question.