New York (AFP)
The New York Stock Exchange retreated at the opening on Monday, catching its breath on a semi-holiday in the United States after reaching new records.
Its leading index, the Dow Jones Industrial Average, was down 0.29% at 14:45 GMT, to 27,601.15 points.
Nasdaq, with its strong technological color, lost 0.40% to 8,441.61 points, and the broad S & P 500 index lost 0.35% to 3,082.32 points.
Like the S & P 500, the Dow Jones and Nasdaq ended Friday at unprecedented levels, after several sessions marked by a renewed optimism on the Sino-US trade front. Over the week as a whole, the Dow Jones rose 1.2%, the Nasdaq 1.1% and the S & P 500 0.8%.
On Monday, some market players were absent on Veterans Day, while the bond market was closed.
In this environment of limited trade, investors were waiting for a series of indicators published later in the week, Wednesday inflation and Friday retail sales in particular.
The hearing of Federal Reserve Chairman Jerome Powell before parliamentary committees on Wednesday and Thursday will also be closely monitored for any additional information on the short-term outlook for US monetary policy.
"However, as the Fed has set the bar very high for any rate moves in either direction at its last Monetary Policy Committee, it's hard to imagine that it can bring much new information to the Fed. markets ", said analysts at Deutsche Bank.
Another important public intervention, US President Donald Trump must speak in front of the New York Economic Club on Tuesday, the day before the deadline to say whether his administration will or will not increase customs duties on cars and auto parts from the European Union.
"The consensus has evolved into the belief that Trump will not impose car rates," say analysts Deutsche Bank.
© 2019 AFP