New York (AFP)

Wall Street ended in red on Thursday, digesting the quarterly results of several big names in the New York market and mixed indicators on the economic front.

Its flagship index, the Dow Jones Industrial Average fell 0.50% to 26,734.71 points, recording its first decline in five sessions.

The Nasdaq, with a strong technological coloring, dropped 0.73% to 10,473.83 points.

The broad S&P 500 index lost 0.34% to 3,215.57 points.

Bank of America (-2.72%) and Morgan Stanley (+ 2.51%) concluded Thursday before the opening of the Stock Exchange the second quarter earnings season for the major American banks.

If the first saw its profits weighted by the money put aside to face the unpaid potential of its customers, the second, on the other hand, generated record revenues and profits thanks to its intense activity on the financial markets and in banking. investment.

The pharmaceutical and hygiene products group Johnson & Johnson (+ 0.67%), launched in the race for the vaccine against Covid-19, for its part saw its results drop in the second quarter because of the pandemic, but revised its targets slightly upwards.

Market players are now looking to other sectors whose big names must report on their quarterly health check, starting with technology stocks.

According to Art Hogan of National Securities, "it is unlikely that the tech will achieve extraordinary performances in the second quarter because expectations were disproportionate" after the very good stock market performance of the sector during the Covid-19 pandemic.

As if to confirm this intuition, Netflix's action plummeted by more than 10% in electronic exchanges after the close, while the streaming giant posted less good profits than expected between April and June.

Statistics on the health of the US economy released on Thursday were mixed.

The number of new weekly unemployed workers in the United States remained almost stable with 1.3 million people who registered between July 5 and 11. And according to published data with a week's lag, the total number of benefit recipients was also down slightly: 17.3 million Americans were receiving unemployment benefits during the week ended July 4.

Retail sales in the United States, for their part, increased by 7.5% in the United States in June, increasing for the second month in a row after three months of decline due to containment measures.

On the bond market, the 10-year rate on the American debt fell to 0.6170% around 8:30 p.m. GMT, against 0.6299% on Wednesday evening.

© 2020 AFP