New York (AFP)

The New York Stock Exchange began the session in dispersed order Monday morning at the beginning of a week which will be marked by the monetary policy meeting of the Central Bank of the United States.

Around 2:00 p.m. GMT, the Dow Jones fell 0.34% to 34,361.36 points and the extended S&P 500 index, which had exceeded its record Friday at the close, dropped 0.13% to 4,242.01 points.

The Nasdaq, with strong technological coloring, took on the other hand 0.25% to 14,105.26 points.

In the absence of major indicators in the United States on Monday, the market has its eyes on the Federal Reserve (Fed) monetary policy meeting, which begins on Tuesday and ends on Wednesday.

"The week of the Fed has arrived and analysts are once again expecting its chairman (Jerome) Powell and the other members to stay the course on key rates and the stimulus," said JJ Kinahan of TD Ameritrade.

"At least for the moment."

During his traditional press conference, Mr. Powell will no doubt be asked about the rate of inflation and the risk of overheating the US economy.

Last Thursday, the CPI index showed a 5% rise in prices in the United States in May compared to last year, unheard of in 13 years.

At the same time, US consumer confidence picked up in June, driven by the outlook for economic growth and a sharp decline in unemployment, according to the preliminary estimate of the University of Michigan survey released on Friday. .

For now, the Fed has made it clear that it is neither planning to touch its low rates, currently set in a range of 0% to 0.25%, nor to slow down its asset buyback program.

Among today's values, Novavax rose 1.81%.

The American biotech said Monday that its anti-Covid vaccine was more than 90% effective, including against variants, after a study carried out on nearly 30,000 people in the United States and Mexico.

Tesla appreciated 2.08%.

Elon Musk, the boss of the American electric vehicle maker, said on Sunday that the company would accept bitcoin payments again when the virtual currency was less polluting.

Lordstown Motors tumbled 19.06%.

The American start-up, which develops an electric pick-up, announced the immediate departures of its boss and its financial director and to have recognized "inaccurate" statements on pre-orders.

In the bond market, the 10-year rate on US debt stood at 1.48%, against 1.46% Friday night.

© 2021 AFP