New York (AFP)

The New York Stock Exchange ended in the red Thursday, the day after a meeting of the US Central Bank and after another difficult session for the technology sector, in the wake of mixed US indicators.

At the close on Wednesday, the Dow Jones Industrial Average finished down 0.47% to 27,901.98 points while the Nasdaq lost another 1.27%, like the day before, to finish at 10,910.28 points.

The Nasdaq, which includes technology stocks and which had suffered strong losses last week, was weighed down in particular by Amazon (-2.25%), Apple (-1.60%) and especially Tesla (-4.15% ).

The broader S&P 500 index also ended in negative territory, losing 0.84% ​​to 3,357.01 points.

On Wednesday, the New York Stock Exchange ended without direction, with the Dow Jones Industrial Average gaining 0.13% and the Nasdaq losing 1.25%.

"The correction is not over," said Maris Ogg of Tower Bridge Advisors, who finds the correction "rather healthy".

"The stocks that have grown the most are those that have fallen the most," she added, referring to technology stocks, "where no one can be surprised that there may be a correction."

Investors were also digesting the decisions of the Federal Reserve (Fed) and mixed indicators for the US economy.

Despite the virtual promise to keep rates low until the end of 2023, Fed Chairman Jerome Powell also stressed Wednesday the uncertainties of the recovery, which depends "closely on the evolution of the virus".

The boss of the Fed also once again insisted on the importance of budgetary aid to revive the economy.

"I believe investors were disappointed that the Fed did not increase the maturity period of the assets it purchases," which would be an additional effort from the Central Bank to inject liquidity and support the recovery , underlined Karl Haeling of LBBW.

"But it's a short-term reaction," he said.

"Overall, the Fed's monetary policy is very favorable to the economy," said the analyst.

Mixed indicators Thursday did not boost investor enthusiasm.

Weekly jobless claims fell in the United States last week, but remained above expectations, according to figures released Thursday by the Department of Labor.

Housing starts were also disappointing, falling more than expected in August (-5.1%).

© 2020 AFP