New York (AFP)

The New York Stock Exchange ended in dispersed order on Wednesday, with the Dow Jones weakening for the second session in a row, after the Fed monetary meeting and good corporate results.

According to final figures, the Dow Jones index dropped 0.36% to 34,930.80 points.

The Nasdaq, with strong technological coloring, rose 0.70% to 14,762.58 points.

The extended S&P 500 index remained almost stable at 4,400.64 points (-0.02%).

"If we take a step back, we see that the market has in fact not moved so much, neither today, nor this week," noted Karl Haeling, analyst at LBBW bank.

The market's reaction to the Fed's monetary meeting was ambivalent as the US Central Bank did not mention a timetable for a decline in monetary support.

"At first, bond rates tightened a little by focusing on the sentence in the final press release which underlined the progress of the economy," noted Karl Haeling.

But the tensions eased "during the press conference when Jerome Powell, the head of the Fed, insisted instead on the progress still necessary".

After briefly climbing to 1.27% just after the Fed's statement was released, yields on ten-year Treasuries fell to 1.22% around 8:00 p.m. GMT from 1.24% the day before.

According to Karl Haeling, expectations of a reduction in the Fed's asset purchases could be pushed back to around December-January while investors expected them around November-December.

At the same time, multiple corporate earnings continued to fall.

Facebook, which posted profits doubled in the second quarter but projected slower growth, was penalized in electronic exchanges after the shutdown, losing 3.50% to 360 dollars.

"There is a tendency" on the part of investors "to take profits regardless of the results", especially in the tech sector, said the expert from LBBW.

Apple thus lost 1.22% to 144.98 dollars, despite good results announced after the close on Tuesday.

Alphabet (Google) has almost tripped its profits thanks to the boom in online commerce and the spending of advertisers on its sites, including YouTube.

The action ended at -0.30%.

A member of the Dow, Boeing climbed 4.18% to 231.57 dollars, after the aircraft manufacturer returned to the green in the second quarter, ending six quarters of losses.

Duolingo, which offers to learn foreign languages ​​while having fun on his phone or his computer, stormed Wall Street, his share soaring by more than 37% just after his arrival.

Listed at $ 102 apiece, the stock closed at $ 139.01.

Thursday, it should be the turn of the brokerage application Robinhood, very popular with young American stock marketers, to take its first steps on Wall Street in an operation that could value the company, created in 2013, at 35 billion dollars.

Several Chinese stocks, which had suffered in recent times to the pace of regulatory constraints announced by Beijing, rebounded "as China somehow signaled that it was not comfortable with the fall in Chinese stocks and taken measures ", in particular by bringing together banks," to stabilize the whole, "noted Karl Haeling.

Chinese Uber Didi gained 10.32%, retail giant Alibaba gained 5.34% and internet Tencent climbed 4.81%.

© 2021 AFP