New York (AFP)
Wall Street ended lower Tuesday the day after records for several indices and the first day of a monetary policy meeting of the US Central Bank (Fed).
The Dow Jones fell 0.27% to 34,299.33 points, the Nasdaq lost 0.71% to 14,072.86 points and the S&P 500 lost 0.20% to 4,246.59 points.
The Nasdaq and S&P 500 had hit record highs the day before at the close, while the Dow Jones ended up in the red.
"US stocks ended down as the markets digested a series of mixed economic reports and patiently await the Fed's monetary policy decision tomorrow," summarize analysts at Charles Schwab.
Ahead of the market opening, players took notice of the unprecedented 6.6% annual rise in US producer prices in May, according to the Department of Labor's PPI index.
Retail sales fell 1.3% in May, both due to the end of government stimulus checks, auto shortages and consumers spending more on services, according to data released Tuesday by the Commerce Department.
All eyes are now on the outcome of the Fed meeting.
Analysts do not expect a change in monetary policy, but will be on the lookout for any signal of a possible downturn in the future, especially during the press conference of the president of the institution, Jerome Powell .
Among the values of the day, the aircraft manufacturer Boeing appreciated by 0.57%.
European and American officials on Tuesday confirmed an agreement between the European Union and the United States to resolve their long-standing dispute over illegal subsidies granted to Airbus and Boeing.
Sports betting site DraftKings fell 4.17% after a damning report by investment research firm Hindenburg Research questioning certain company practices and questioning its market valuation.
Hindeburg said he bet on a drop in the title of DraftKings.
Yelp, a local business referral site, fell 1.65% after announcing a record in May for restaurant reservations in the United States made through its platform.
© 2021 AFP