Painful losses of Tesla shares … and the American indicators fall collectively!

The main American indicators closed collective losses in the Thursday session amid the control of the uncertainty over the US trade policy, as President Donald Trump announced on Thursday that the goods from Canada and Mexico covered by the trade agreement between the United States, Mexico and Canada (USMCA) will be exempted for a month of 25% customs duties imposed earlier this week.

Trump did not mention earlier except to exempt Mexico, but later signed an amendment to his order that now includes Canada as well.

In terms of economic data, the number of Americans who made new requests to obtain unemployment fell more than expected last week. Investors will monitor the most comprehensive salary data on Friday.

Traders now believe that the Federal Reserve reduces the costs of borrowing by 25 basis points for the first time this year in June.

The Dow Jones index fell by 1%, equivalent to 427 points on Thursday to close its lowest level in 7 weeks.

The S& P500 index fell by 1.8% to close at its lowest level in 4 months.

The Nasdaq complex index also decreased by 2.6% to close at its lowest levels in 5 months and formally enters into the correction area after its losses reached more than 10% since the peak of December 16.

The fluctuation index on the Chicago Stock Exchange, known as the fear index, increased by 13%, recording its highest closure since December 18.

Tesla shares

In parallel, Tesla fell 5.6% in Thursday’s session to its lowest level in more than 4 months, to inspect the company $ 50 billion in its market value in one day.

With these losses, the arrow of Tesla returns to before. Trump won the US presidential elections.

These losses come after the BAIRD brokerage company described the electric car manufacturer as a “new declining choice” and reduced its expectations for the stock price to $ 370 from $ 440.

Analysts warned of weakness in the sales of the electric car maker during the first quarter, as it will be less than the market expectations. (CNBC)