New York (AFP)
The New York Stock Exchange retreated Tuesday, recording its first decline in July, in a market that had so far ignored the spike in cases of contamination by coronavirus in the United States and in several other countries.
Its flagship index, the Dow Jones Industrial Average fell 1.51% to 25,890.53 points.
The Nasdaq, a highly technological index that remained on five consecutive increases, fell 0.86% to 10,343.89 points.
The S&P 500, which represents the 500 largest companies on Wall Street, lost 1.08% to 3,145.32 points.
"5 days of increase on the Nasdaq, it draws the attention of many investors to extreme cases of valuation", observes Gregori Volokhine of Meeschaert Financial Services.
"We can understand why companies like Tesla or Square have reached these valuation levels, but that makes the market more sensitive to small profit taking," added the expert.
The renewed political tension between the United States and China was also likely to thwart investor sentiment, said Volokhine.
Several American giants, including Facebook, Google and Twitter, announced on Monday evening that they were no longer responding to requests for information about their users from the government and authorities of Hong Kong under a new law imposed by the Chinese regime. .
US Secretary of State Mike Pompeo also said on Fow News that the United States "plans" to ban Chinese apps.
Regarding the Covid-19 pandemic, the situation remained critical in the United States, where more than 130,000 people died from the disease.
The country also confirmed Tuesday that it officially notified the UN of its withdrawal from the World Health Organization (WHO), accused by Washington of having delayed reacting to the coronavirus pandemic to spare Beijing.
In Australia, Melbourne began a new confinement of at least six weeks, while in Brazil, President Jair Bolsonaro tested positive.
On the bond market, the 10-year rate of American debt fell, settling at 0.6332% around 20.20 GMT against 0.6759% Monday evening.
© 2020 AFP