New York (AFP)
The New York Stock Exchange started trading lower on Thursday, weighed down by disappointing results from some of the big names in the rating, including Netflix, and renewed concerns over Sino-US talks.
Its flagship index, the Dow Jones Industrial Average, dropped 0.19% to 27,166.94 points around 13:50 GMT.
The Nasdaq index, with strong technological color, yielded 0.14% to 8,173.68 points while the broad S & P 500 index lost 0.11% to 2,981.09 points.
Wall Street had ended down on Wednesday, undermined by the actions of major US banks who warned that their margins should be trimmed by the imminent decline in interest rates of the Federal Reserve (Fed): the Dow Jones had dropped 0.42 % and Nasdaq 0.46%.
On Thursday, the session was notably marked by the fall of 10.6% of the title of Netflix, the giant of online video having suffered an unexpected setback in the second quarter by attracting far fewer new subscribers than expected.
The health insurer UnitedHealth, a member of the Dow Jones, was losing 2.56% of its share after reporting a profit below expectations.
The results of merchant banking Morgan Stanley (+ 0.16%) and the IT group IBM (+ 2.32%) were better received.
"The persistent tensions between the United States and China, illustrated by press reports that the negotiations face restrictions on Huawei's technologies, put pressure on the mood of investors", note also the Wells Fargo analysts.
According to the Wall Street Journal, Beijing wants Washington to ease the sanctions surrounding the Chinese telecom giant and allow US companies to sell certain components to Huawei. But no consensus has yet emerged.
In an interview with CNBC, US Treasury Secretary Steven Mnuchin acknowledged that there were still "difficult problems" to resolve in discussions with his Chinese counterparts.
In the bond market, the interest rate on US 10-year debt rose a little, to 2.071% against 2.045% the day before closing.
© 2019 AFP