New York (AFP)
The New York Stock Exchange finished in disarray Monday, struggling to find a direction pending meetings of the European and American Central Banks and the continuation of Sino-US trade negotiations.
The leading index of the New York Stock Exchange, the Dow Jones Industrial Average, rose 0.14% to 26,835.51 points, while the Nasdaq, with strong technological coloration, yielded 0.19%, to 8.087 , 44 points.
The broad index S & P 500 gave up 0.01% to end at 2,870.43 points, remaining very close to its record reached in late July.
After a complicated month of August, the main Wall Street indexes have recorded two consecutive weeks of growth, thanks in particular to a renewed optimism in the trade dispute between the two leading world economies.
But in the absence of any major new information on Monday, investors took the opportunity to catch their breath before other significant events or indicators, "preferring to wait to see what will happen," according to Art Hogan of National Holdings.
Investors wonder whether the European Central Bank will send new signals of support for the economy at its meeting on Thursday, as a drop in key rates.
In the United States, the Federal Reserve will meet the following week.
Although he does not expect a short-term recession, Federal Reserve boss Jerome Powell said Friday, less than two weeks before a meeting of his Monetary Policy Committee, that his institution was ready to support US growth.
The session was also marked by the soundness of the financial sector: the sub-index representing it in the S & P 500 gained 1.54%.
He took advantage of the sharp rise in bond market rates, the 10-year rate on US debt having increased to 1.636% against 1.560% Friday at the close.
The decline of some names in the technology sector, such as Microsoft (-1.14%), weighed on the odds.
© 2019 AFP