New York (AFP)

The New York Stock Exchange ended in dispersed order Thursday the day after the end of a monetary policy meeting of the American Central Bank (Fed) during which the institution envisaged two hikes in its key rates in 2023.

The Dow Jones lost 0.62% to 33,823.45 points, falling for the fourth consecutive session, while the Nasdaq rebounded by rising 0.87% to 14,161.35 points.

The extended S&P 500 index ended close to equilibrium (-0.04% to 4,221.86 points).

"The repercussions of the monetary policy message sent by the Fed on Wednesday continued to dominate market activity, leading to high volatility on Thursday," observes Karl Haeling of LBBW.

"Wall Street ended without a clear direction as investors rotated from value stocks (whose price does not reflect intrinsic value, editor's note) and cyclical towards technology and growth stocks", continues the expert, considering that they were essentially rebalancing.

On Wednesday, at the end of its meeting, the Fed expected a 7.0% increase in US gross domestic product in 2021, against 6.5% estimated in March.

Inflation should reach 3.4% this year, against an estimate of 2.4% in March, according to the institution.

Federal Reserve Chairman Jerome Powell, however, stuck to his positions during his press conference on Wednesday afternoon, recalling that the acceleration in inflation was, according to him, temporary and should stabilize in 2022 and 2023 .

Among today's values, CureVac collapsed by 38.99% after the very disappointing results of the Covid-19 vaccine developed by this German laboratory, which does not at this stage meet the performance criteria required for implementation. circulation.

British insurance brokerage giant Aon fell 4.61%.

The US Department of Justice announced Wednesday that it wanted to block the takeover by Aon of its competitor Willis Towers Watson (-2.09%) on the grounds that the operation could raise prices and reduce innovation.

Ford fell 1.66% after saying it expected adjusted pre-tax earnings to exceed expectations for Q2 and reported "solid" reservations for four new models, including electric versions of its popular pickup. -up F150 and its Transit van.

Among the indicators of the day, manufacturing activity in the Philadelphia region slowed down further in June, affected in particular by supply difficulties for certain components, but the general trend remains good with expectations for the next six months. highest in nearly 30 years, according to a Fed index.

In the bond market, the 10-year rate on US debt, which had climbed Wednesday afternoon after the Fed, fell to 1.51% against 1.58% the night before.

© 2021 AFP