New York (AFP)

The New York Stock Exchange ended in the red on Tuesday, disappointed with McDonald's quarterly results and apprehensively preparing for those of Alphabet (Google's parent company), Apple, Facebook and Amazon.

Its flagship index, the Dow Jones, lost 0.77% to 26,379.28 points.

The Nasdaq, with strong technological coloring, fell 1.27% to 10,402.09 points.

The extended S&P 500 index lost 0.65% to 3,218.44 points.

The rain of quarterly results continued Tuesday to fall on the New York place.

A flagship of the Dow Jones, McDonald's lost 2.49%. The fast food giant saw its net profit drop 68% in the second quarter and did not give a forecast for the year as its business was significantly curtailed by the pandemic around the world.

These figures in sharp decline are all the more surprising since it is "one of the companies most immune to the repercussions of the Covid, because it offers food at low prices", observes Gregori Volokhine de Meeschaert Financial Services.

Pfizer, also a member of the flagship Wall Street index, has risen by 3.94%. The American pharmaceutical company, which is working on a vaccine against Covid-19, slightly raised its results forecasts for 2020 despite a turnover weighted in the second quarter by the drop in prescriptions of some of its drugs and vaccines.

Thursday, it will be the turn of the four US Internet giants to report their quarterly health check.

But before that, the bosses of Alphabet (-1.69%), Apple (-1.64%), Facebook (-1.45%) and Amazon (-1.80%) will have to answer questions from the commission on Wednesday. judicial review of the House of Representatives, which investigates possible abuses of dominance by these companies and the relevance of existing antitrust laws.

The market has also remained attentive to negotiations in Congress on new federal measures to help the economy.

The Republicans on Monday presented a plan worth a total of around $ 1,000 billion (around EUR 850 billion) and began formal talks with the Democrats on Tuesday.

The plan includes a new check for households, additional loans for the small and medium-sized businesses most affected, and funds to allow schools to reopen.

Republicans also would like the weekly subsidy the government has been paying to the unemployed since the start of the crisis reduced to $ 200, down from $ 600 since April. But the Democratic leaders in the House of Representatives and the Senate oppose it to an end.

Investors were also preparing for the end of the Federal Reserve's monetary policy meeting on Wednesday, although no major announcements are expected.

On the bond market, the 10-year rate on US debt fell to 0.5757% around 8:20 pm GMT against 0.6151% Monday evening.

© 2020 AFP