New York (AFP)
The New York Stock Exchange ended in dispersed order Monday, at the start of a week to show indicators confirming the impact of the pandemic on the American economy but also signals of gradual recovery in business activity.
Its flagship index, the Dow Jones Industrial Average, fell 0.45% to 24,221.99 points, while the Nasdaq, with its strong technological coloring, appreciated by 0.78% to 9,192.34 points.
The broader S&P 500 Index, which represents the 500 largest companies on Wall Street, edged up 0.01% to 2,930.19 points.
The three Wall Street indices had risen strongly last week and have recovered more than 30% since the end of March, despite the accumulation of indicators and company results showing that the economy has been hit hard by the measures imposed to stop the spread of Covid-19 disease.
The unemployment rate, for example, which still posted 3.5% in February, jumped to 14.7% in April while the American economy destroyed in two months almost all of the jobs created in the country. in ten years of growth.
"Investors continue to watch the current state of the economy without paying too much attention to focus on reopening activity," notes Mike Turvey of TD Ameritrade.
They will scrutinize the burst of data to be published in the week, on inflation, retail sales or consumer confidence, he believes.
But they mainly observe the way the deconfinement process takes place in several areas of the world, with for example the reopening of Disneyland in Shanghai or those of several Apple stores planned this week in the United States.
"Reports of the re-emergence of new cases in Wuhan (China) and South Korea undermine their optimism somewhat," note analysts at Charles Schwab.
On the bond market, the 10-year rate on the US debt moved at 0.6749% against 0.6831% on Friday evening.
© 2020 AFP