New York (AFP)

The New York Stock Exchange ended in dispersed order Wednesday, destabilized by disappointing job creation in the private sector in July in the United States.

According to final results at the close, the Dow Jones index lost 0.92% to 34,792.67 points.

The Nasdaq, with strong technological coloring, gleaned 0.13% to 14,780.53 points but the S&P 500 index, which had reached a record the day before, fell 0.46% to 4,402.66 points.

"Markets have digested mixed economic data, including a disappointing jobs report that brought concerns about peak growth and earnings to the fore," Schwab analysts said.

Job creations in the private sector in July, according to the monthly survey by the firm ADP, came out less than half of what was expected, or only 330,000.

Comments from Fed Vice-President Richard Clarida indicating that he could support a reduction in asset purchases as early as this year, and therefore a reduction in monetary support, if the economy allows it, have also cooled investors.

Nine of eleven sectors of the S&P 500 concluded in the red, starting with energy (-2.93%) in the wake of falling crude prices.

These plunged on an unexpected rise in US crude oil inventories, another negative sign for black gold demand and hence activity.

- End of sunny days?

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For Gregori Volokhine, of Meeschaert Financial Services, there is a feeling among investors that "the good days are behind us".

"The markets currently punish even companies which manage to surprise in good or in very good at the level of their results", underlined the fund manager.

"This means that investors consider that we have reached a peak of good news, a peak in profits and that this signals more difficult days," he added.

On the stock side, automaker General Motors (GM) lost 8.79% to $ 52.79 after forecasting annual earnings per share below expectations.

GM also expects the semiconductor supply difficulties to continue.

Despite posting profits for the first time, chauffeured car reservation (VTC) service Lyft fell 10.56% to $ 49.53.

However, the company posted a net profit of 23.8 million dollars from April to June for a turnover of 765 million dollars.

The title of its rival and industry leader Uber, which again announced an operating loss but expects to be profitable in the 4th quarter, ended down 2.29% to 41.81 dollars and lost more than 5% in trade electronic after closing.

The maker of the future anti-Covid vaccine Novavax jumped 18.69% to $ 223.81 after the European Commission announced it had entered into a contract for the advance purchase of 200 million doses of its vaccine once it will have been approved by the European Medicines Agency.

The title of brokerage app Robinhood, which floated on the stock market last week, was the subject of intense volatility after much activity on its options.

The action, introduced without much success to 38 dollars last Thursday, soared 50.41% to 70.39 dollars.

Its listing was briefly suspended several times at the start of the session as the stock climbed 85%.

Bond yields on 10-year US debt were flat at 1.17%.

© 2021 AFP