New York (AFP)
The New York Stock Exchange ended without clear direction on Tuesday, with brokers hesitating to engage before central bank meetings and new information on the trade front.
Wall Street's leading index, the Dow Jones Industrial Average, gained 0.28 percent to 26,909.43 points while Nasdaq, a strong tech, dropped 0.04 percent to 8,084.16. points.
The broad S & P 500 index gained 0.03%, at 2,979.39 points.
The three major indexes of the listing spent the majority of the session in the red before recovering at the very end of the day. They stay close to their recent records.
"The market was once pulled down by the values of technology but it looks like it was ultimately doing little damage," said Peter Cardillo of Spartan Capital Securities. "Lacking important economic news, investors have made a few profit taking but not selling in bulk," he added.
Notable facts: the Russell 2000 index, which includes small cap companies, as well as bond yields, recovered significantly for the second day in a row.
The 10-year rate on the US debt rose to 20:25 GMT at 1.773% against 1.644% the day before closing.
The market has also been able to benefit, according to the expert, the announcement of the departure of John Bolton, adviser to the National Security Donald Trump known for his position of firmness against Iran, suggesting the easing of tensions between the two countries.
But investors mostly watch a wait-and-see attitude before meetings of the European Central Bank (ECB) on Thursday and the US Federal Reserve (Fed) the following week.
"The biggest short-term risk to the markets is the possibility that central banks are not as accommodating as they expect," says Karl Haeling of LBBW.
Brokers are also on their guard while negotiations between Washington and Beijing must resume in mid-October.
© 2019 AFP