After Monday's course chaos, the volatile trading on Wall Street continued. For example, the jeans manufacturer Levi Strauss rushed 16 percent at the stock exchange opening, but the stock turned sharply downward and closed at minus 8.0 percent.
The seven largest companies, usually referred to as "the magnificent seven", all fell sharply: Alphabet with 2.5 percent, Amazon with 3.7 percent, Apple with 6.6 percent, Meta with 2.5 percent, Nvidia with 3.0 percent, and Tesla with 6.4 percent.
On Friday, the reporting season begins with a number of major banks. Analysts now expect a profit growth of 6.7 percent for S&P 500 companies in the first quarter of the year. For the full year, the profit forecast stands at 9.4 percent, compared to a forecast of 12.5 percent at the beginning of the year.
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