Wed 06/Aug/2025 – 12:42 AM
American stocks closed a decrease yesterday, Tuesday, with investors studying the impact of customs duties after Yam Brands and others referred to customs duties among the factors affecting their results or expectations.
The shares of Yam Brands, the parent company of the Kentucky restaurant series, decreased after the company’s results came for the second quarter without expectations, as the high commercial fees were limited to the spending of consumers.
American stocks
These results come at the end of the US financial reports preparation period for the second quarter.
“If we look at the results, we will find that it is heading towards exceeding low expectations,” said Terry Sandvin, chief stock analyst at the company (US Bank Wellth Management), according to Reuters.
He added: The effect of customs duties is still under study .. We do not see any effect on the profitability of companies due to customs duties .. However, we know that they are imminent.
Initial data indicates that the Standard and Poor’s 500 index decreased 30.75 points or 0.49 percent to close at 6299.19 points .. The Nasdaq index fell 136.92 points or 0.65 percent to 20916.66 points .. The Dow Jones Industrial Index declined 61.56 points or 0.14 percent to 44112.08.
