New York (AFP)

The NYSE ended lower on Thursday, disappointing indicators and renewed concerns over Sino-US negotiations relegated the better-than-expected results of several big names.

Its leading index, the Dow Jones Industrial Average, lost 0.52%, to 27,046.23 points and the Nasdaq, with strong technological color, yielded 0.14% to 8,292.36 points.

The broad S & P 500 index, which had finished the day before at a new level, fell 0.30% to $ 3,037.56.

Investors welcomed Wednesday the decision of the US Central Bank (Fed) to lower rates for the third time since the beginning of the year to support growth and comments suggesting that the institution would now wait a while before making any new decision.

But disappointing statistics revived Thursday worries about the health of the global economy, including the decline in October of Chinese manufacturing activity to its lowest level in eight months or the fact that Hong Kong has entered recession in the third quarter for the first time in ten years.

The October drop in economic activity in the Chicago area to its lowest level in almost four years has heightened fears.

"The market is now really worried about the slowdown and the fact that Jerome Powell is leaning towards a break in December" rather than a further drop in rates to stimulate growth, said Stephanie Lewicky of TD Ameritrade.

Sign of feverishness according to her, investors have turned massively to safe havens like gold or US Treasury bonds. The yield on the 10-year debt was thus at around 20:20 GMT to 1.682% against 1.772% the day before, indicating a higher demand.

Market players were also shaken by "pessimistic comments from China on the trade front," Lewicky said.

According to Bloomberg, Chinese officials have doubted the possibility of finding a long-term trade agreement with the United States.

In the wake, values ​​particularly sensitive to the jolts of relations between Washington and Beijing have fallen sharply, 3M losing 2.01%, Caterpillar 1.81 and Boeing 1.78%.

As if to calm the game, the US president has however indicated on Twitter a few minutes before the opening of the meeting that the place where the partial agreement recently negotiated between Washington and Beijing will be signed will be "announced soon".

Donald Trump and his Chinese counterpart Xi Jinping were originally to sign the agreement on the sidelines of a summit of the Pacific Rim countries in mid-November, but this event was canceled due to the social crisis that is shaking the country.

All this information overshadowed the strong quarterly accounts of several Wall Street heavyweights like Apple (+ 2.26%) or Facebook (+ 1.81%).

© 2019 AFP