New York (AFP)

The New York Stock Exchange ended in the red Thursday after seeing all of its early trading gains erased due, in particular, to a further downturn by the big names in tech.

Its flagship index, the Dow Jones Industrial Average, lost 1.45% to 27,534.58 points.

The technology-heavy Nasdaq fell 1.99% to 10,919.59 points and the extended S&P 500 index lost 1.76% to 3,339.19 points.

The three main indices of the New York place had yet started the day up in the wake of their rebound the day before, but began to slide towards mid-session.

“Investors continue to question whether the tech industry can continue to perform and support the overall market,” said JJ Kinahan, head of market strategy at TD Ameritrade.

Since last Thursday, several pillars of Silicon Valley have indeed suffered heavy losses after reaching record levels in the previous months and carried the New York place at arm's length.

The giants Amazon, Apple, Facebook and Alphabet (the parent company of Google and YouTube), which rebounded on Wednesday, all fell on Thursday, as did the Zoom video conferencing platform and the Netflix streaming empire.

According to Mr. Kinahan, the gradual return of employees to their workplace as well as the start of the school year raise questions about the strength of certain values ​​that have benefited from confinement.

Another factor that may have weighed on investor sentiment Thursday: the failure in the Senate of a new aid program of about $ 500 billion proposed by the Republicans.

Democratic senators, who blocked the plan, deem it "more than insufficient" to come to the aid of the millions of Americans hit by the pandemic and unemployment.

In addition, weekly jobless claims remained stable in the United States compared to the previous week, but are higher than analysts' expectations, according to figures released Thursday by the Labor Department.

From August 30 to September 5, 884,000 people registered as unemployed, as in the previous week, the data having been revised upwards.

Analysts were expecting 813,000 new requests.

In the bond market, the 10-year rate on US debt fell to 0.6804% around 8:15 pm GMT, against 0.7001% Wednesday evening.

© 2020 AFP