New York (AFP)

The New York Stock Exchange ended lower on Tuesday, unable to capitalize on a good inflation indicator that had allowed it to start in the green.

The Dow Jones lost 0.84% ​​to 34,577.57 points, the high-tech Nasdaq index, 0.45% to 15,037.75 points, and the extended S&P 500 index, 0.57% to 4,443.05 points.

Wall Street had opened up, towed by the announcement of lower than expected inflation in August in the United States, at 0.3% over one month against 0.4% expected.

But as has been the case on numerous occasions over the past ten days, "whenever there is momentum it is fleeting and it turns into a selling opportunity," commented Karl Haeling of German bank LBBW.

By the end of the first week of September, the Nasdaq and the S&P 500 had posted their 35th and 54th records, respectively, since the start of the year.

Since then, the indices have not moved forward, and the Dow Jones even recorded its fifth decline in six sessions on Tuesday.

"It's only natural for the market to take a break and consolidate," says Karl Haeling.

"But I think the underlying trend remains up. I'm a little skeptical that we would have started a sharp correction," as some analysts have suggested.

September has traditionally been a difficult month for the equity markets.

For Karl Haeling, investors are gradually digesting the news which confirms a slowdown in the American economy, the anchoring of the Delta variant in the United States which is unabated, as well as the prospect of a drop in asset purchases by the American Central Bank (Fed), expected in the coming months.

The negotiations on the two massive plans of the Biden government, the outcome of which remains uncertain, add to the lack of enthusiasm.

Among the locomotives of the rating, Apple (-0.96% to 148.12 dollars) did not resist this current seller, despite the presentation on Tuesday of the iPhone 13, as well as new tablets and connected watches.

The groups Wynn Resorts (-10.85% to 92.25 dollars) and Las Vegas Sands (-9.75% to 38.71 dollars) resented the announcement Tuesday by the Macanese authorities to strengthen the regulation of casinos in this "semi-autonomous" region of China.

The manufacturer of foam clogs Crocs jumped (+ 8.47% to 149.38 dollars) after the presentation, during its day dedicated to the investors, of ambitious objectives.

The group is targeting $ 5 billion in turnover in 2026, compared to $ 1.4 billion in 2020.

Online financial services specialist Intuit (TurboTax, QuickBooks, Mint) gained 1.95% to $ 568.27, supported by the announcement, Monday after close of trading, of the takeover of internet marketer Mailchimp for 12 billion dollars. dollars.

He gained 1.33% to 564.81 points at the start of the session.

Another player in business financial services, Bill.com, benefited from this acquisition (+ 2.11% to 286.63 dollars).

The software publisher Oracle was sanctioned (-2.81% to 86.39 dollars) after having published, Monday after market close, a quarterly turnover slightly lower than expectations (postponed year which starts on June 1), but net earnings per share higher than expected.

The group once again insisted on its ambitions in remote computing (cloud), which is already its main source of income and offers higher margins than its other activities.

The Fox media group, which concentrates the assets of the former 21st Century Fox not sold to Disney in 2019, fell (-2.64% to 32.84 dollars) after the announcement of the acquisition of the site TMZ Sensational News from WarnerMedia (AT&T).

© 2021 AFP