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Wall Street, in expectation, opens in small decline


Wall Street, in expectation, opens in small decline

New York (AFP)

The New York Stock Exchange retreated slightly on Tuesday, as investors stayed behind before central bank meetings and new information on the trade front.

The index of Wall Street, the Dow Jones Industrial Average, yielded at 13:45 GMT 0.30% to 26,754.66 points.

The Nasdaq, with strong technological color, dropped 0.97% to 8,009.22 points, and the broad S & P 500 index lost 0.64% to 2,959.36 points.

"Stocks are retreating after Monday's mixed performance, which came in the wake of a recent rebound that allowed the indexes to move up close to their record," said analysts Charles Schwab.

Wall Street, in the absence of major economic information, had actually ended in a disorganized Monday, the Dow Jones taking 0.14% while the Nasdaq yielded 0.19%.

"Trade concerns remain contained pending the resumption of negotiations between the United States and China next month while geopolitical uncertainties also seem relatively moderate," note analysts Charles Schwab.

In the run-up to a meeting of the European Central Bank (ECB) on Thursday, "a certain nervousness has seized investors while analysts seem less certain of the extent of the measures that could be taken", however considers Karl Haeling of LBBW.

"The biggest short-term risk for the markets is the possibility that the central banks are not as accommodating as they expect," he adds.

After the ECB, it will be the turn of the US Federal Reserve to announce September 18 of possible actions to restore tone to growth.

In the bond market, the 10-year US debt rate stabilized at 1.644%, the day before closing.

The decline of Ford (-5.03%) weighed on the trend. The automaker has seen its financial rating lowered by Moody's, which says investors buying its bonds may not be repaid as a result of a massive restructuring that is expected to dampen profits and liquidity.

© 2019 AFP

Source: france24

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