New York (AFP)
Wall Street fell Thursday at the start of the session, the day after a record for the Dow Jones, continuing to closely observe the rise in the US 10-year bond rate.
Around 3:15 p.m. GMT, the Dow Jones Industrial Average lost 0.36% to 31,848.13 points after peaking the day before at the close.
The Nasdaq, with strong technological coloring, dropped 0.96% to 13,467.71 points and the extended S&P 500 index dropped 0.62% to 3,900.76 points.
After slowing on Wednesday in the second half of the session, the yield on US Treasuries picked up again and stood at just over 1.45%, a year-high.
More than the level of this rate, which has remained relatively low historically, it is the rate of increase in recent weeks that seems to raise many questions and concerns among market players.
"This continued rise could mean more difficulties for technology stocks today, but it could also push the financial sector," said JJ Kinahan of TD Ameritrade.
"Federal Reserve Chairman Jerome Powell told us yesterday that there is still a long way to go before the economy reboots, but the rise in bond yields suggests that some investors are thinking differently," added the expert.
Among today's values, GameStop climbed 40% after having already taken off more than 100% the day before.
Alongside a few other stocks favored by amateur investors (AMC, BlackBerry, Bed, Bath & Beyond ...), the video game store chain was at the heart of the speculative fever that animated Wall Street at the end of January and seemed to again to be highly sought after by speculators.
Twitter rose 6.06% after posting its goal of doubling its revenues by the end of 2023 and counting 315 million daily active users known as "monetizable".
Pfizer was gaining 1.99% after a massive study in Israel showing the company's vaccine was 94% effective against symptomatic cases of Covid-19.
Moderna climbed 6.87% after greatly exceeding expectations for its quarterly revenue and forecasting revenue of more than $ 18 billion this year from the sale of its Covid-19 vaccine.
Among the indicators, durable goods orders jumped in January in the United States, largely exceeding expectations and their level before the pandemic thanks to new orders up sharply in the aeronautics sector, both civilian and military.
© 2021 AFP