New York (AFP)

The New York Stock Exchange opened lower on Tuesday, not impressed by the results of companies which are often above expectations and disappointed by a macroeconomic indicator below expectations.

Around 2:10 p.m. GMT, the Dow Jones lost 0.47% to 34,979.33 points, after setting a new record the day before, the Nasdaq 0.90% at 14,811.07 points and the extended S&P 500 index 0.45% at 4,402.32 points.

The wave of corporate releases, with very attractive numbers overall, from Tesla to Hasbro yesterday, was not enough to drag the indices, which had gathered some ground on Monday.

"Investors have become so demanding of company results that the slightest unexpected word lowers stocks," observed Gregori Volokhine of Meeschaert Financial Services.

"It is not enough to be very good or excellent. You have to be excellent, with an unexpected bonus."

Illustration, Tesla, which although having done better than expected and released, for the first time, more than a billion dollars in profits over a quarter (1.14 billion), dropped 1.80% to 645.75 dollars.

The same goes for the UPS courier group, which yielded 9.23% to 190.50 dollars.

Rather than higher than expected sales and earnings, investors lingered on cautious comments from executives and weaker than expected earnings in the US market.

After market, tech stars Microsoft, Alphabet (Google) and Apple are expected.

On the macroeconomic front, durable goods orders rose less quickly than expected in June and slowed compared to May.

In the table of values, the diversified group General Electric (GE) benefited (+ 1.24% to 13.08 dollars) of quarterly results above expectations accompanied by a partial increase in its forecasts.

GE remains at a loss ($ 1.2 billion), but saw its revenue and margins grow, as it again generated positive free cash flow.

The black series continues for the Chinese stocks of the quotation, which live at the rate of the new regulatory constraints announced with regularity by the Chinese authorities for a month.

The e-commerce giant Alibaba dropped 4.05%, the platform for connecting food producers and consumers Pinduoduo 4.05% and the internet conglomerate Tencent 4.47%.

"I think maybe we should be more worried than we are, because the argument to say it's a political problem but it doesn't affect growth in China, it doesn't necessarily the best, "said Gregori Volokhine.

"This has a very negative effect on the (Chinese) financial markets. It is still a shadow on the table."

The Raytheon industrial group on Tuesday raised its forecast for annual profit and turnover, an announcement which benefited the title, up 3.60% to 89.04 dollars.

© 2021 AFP