New York (AFP)

The New York Stock Exchange ended in a disorganized Monday, investors hesitant about the direction to follow before a major meeting of the US Central Bank (Fed), the monthly report on US employment and a new salvo of corporate results .

Its flagship index, the Dow Jones Industrial Average, appreciated 0.11% to close at 27,221.35 points while the Nasdaq, with strong technological color, yielded 0.44% to finish at 8,293.33 points.

The broad S & P 500 index, which like the Nasdaq had reached unprecedented levels on Friday, lost 0.16% to 3,020.97 points.

Investors are especially in expectation of the meeting of the Fed's Monetary Policy Committee and the decision that its officials will take Wednesday.

"Will they lower interest rates? If so, what is likely, by how much? And what will they say about possible further rate cuts, in September, in October or in December?", Listed Sam Stovall from CFRA.

Wall Street brokers generally welcome the decline in interest rates, which puts oil in the nuts and bolts of the economy by lowering the cost of credit for households, businesses and investors.

Rates on the bond market also tended to fall and the interest rate on US debt was down Monday at 20:15 GMT to 2,060% against 2,070% Friday at the close.

But Fed officials have also repeatedly stressed that their decisions will depend on the state of the economy and investors will be very attentive to the release on Friday of the report on US employment in July, a stressed Mr. Stovall.

"If the statistics continue to be more robust than expected, Wall Street will have to realize that we may not have as many rate cuts as investors would like," he said. he noted.

The indices will also be guided this week by a new salvo of results, with for example those of Apple Tuesday, those of General Electric Wednesday, those of General Motors Thursday and those of ExxonMobil Friday.

The S & P 500 companies that have already released their quarterly numbers on Friday night (44% of them) have on average posted profits that are 5.4% higher than expected, reported FactSet's John Butters.

Analysts now expect the average S & P 500 earnings to fall by around 2.6% in the second quarter, which is better than the 3.4% decline estimated a week earlier.

- China-USA Negotiations -

Investors were also keeping an eye Monday on the talks between Washington and Beijing as the main negotiators of both sides meet Tuesday and Wednesday in China, for the first time since the talks between the two countries were stopped by M Trump early May.

But a new element came a little obscure this meeting: China on Monday blasted "selfishness" of the United States after the threat of Donald Trump to denounce the status of developing country members of the World Trade Organization ( WTO), a measure aimed primarily at Beijing.

Among the values ​​of the day, the pharmaceutical group Mylan jumped 12.57% after the announcement of its merger with Pfizer's non-patented drug business (-3.81%) to create a global giant in the pharmaceutical sector. cheaper treatments against the backdrop of lower generic prices in the United States.

Blackstone investment firm dropped 1.24% and Thomson Reuters US-Canadian media and services group by 3.07%, while Refinitiv, which owns 55% and 45% respectively, is currently negotiating its $ 27 billion by the London Stock Exchange (LSE).

Boeing, which has already lost nearly $ 19 billion in market capitalization last week on Wall Street in the face of mounting bad news related to its 737 MAX aircraft, continued to fall (-1.39%).

After the close, the quarterly results of vegan start-up Beyond Meat, which offers alternatives to herbal meat, were also released. His title lost 5.44% Monday to finish at 222.13 dollars, which is much more than the 25 dollars of its introductory price on Wall Street in early May. However, the stock fell by around 10% around 20:30 GMT, in the electronic exchanges after the end of the session, after the publication of a larger loss than expected.

© 2019 AFP