New York (AFP)
Wall Street ended in a disorganized session Thursday, after a relatively quiet session, investors digesting the decline in US key rates the day before and watching for new developments on the Sino-US trade front.
Wall Street's flagship index, the Dow Jones Industrial Average, fell 0.19 percent to 27,094.79 points.
The Nasdaq, with strong technological coloration, yielded 0.07%, to 8,182.88 points.
The broad-based S & P 500 index stabilized at 3,006.79 points, remaining close to its historical record reached at the end of July.
After starting the session in the green, the main indices of the New York listing have slowly erased their gains, the Dow Jones being sealed by the decline of several of its heavyweights including Walt Disney (-2.6%) and Boeing (-0.5%).
Microsoft (+ 1.8%), however, achieved the largest increase in the famous New York index after announcing Wednesday a program to buy $ 40 billion of shares and increased by 11% (or 5 cents) quarterly dividends.
Market participants seemed to be pausing in the aftermath of a 25 basis point (0.25%) decline in overnight rates announced by the US Federal Reserve, the second this year.
Largely anticipated by investors, this reduction brought the key rates in a range between 1.75% and 2%.
The market also cautiously expected to know more about the latest developments in the trade dispute between China and the United States for more than a year.
A technical meeting was held in Washington, DC at the USTR headquarters, between Chinese and US negotiators to prepare for bilateral talks in early October.
In the bond market, the 10-year US debt rate stood at 1.782% at around 8:30 pm GMT, a slight decline from its previous day's closing of 1.796%.
© 2019 AFP