According to final results on Wall Street, the Dow Jones index dropped 0.47% to 36,236.34 points.

The Nasdaq, with strong technological coloring, yielded only 0.13% to 15,080.87 points, after a plunge of 3.34% the day before.

The S&P 500 lost 0.10% to 4,696.06 points.

Rates on 10-year U.S. Treasuries climbed to 1.75%, the highest since the start of the pandemic, to settle around 9:00 p.m. GMT at 1.72% from 1.70% the day before .

"Investors have readjusted their portfolios to a new era of money + not easy + as we emerge from an era of easy money", summed up Peter Cardillo, of Spartan Capital Securities to explain the mood of investors.

The publication of the minutes of the last meeting of the Fed's monetary policy committee had severely weighed down the market on Wednesday.

Its members have said, in unequivocal language, that they now plan to raise the institution's key rate earlier and more often than expected.

In addition, it is now a question of starting to reduce the Fed's balance sheet immediately after the first rate hike.

This means that the Fed will decrease the stock of securities it keeps on its balance sheet, which could be seen as another monetary tightening of the screw by the markets.

For Gregori Volokhine of Meeschaert Financial Services, "the rate hike was already largely integrated by the markets".

"What was not yet in the minds of investors is the reduction of the Fed's balance sheet, but this corresponds to a small monetary tightening more," he said.

The rotation of investor choices against technology stocks calmed down on Thursday but some big names continued to suffer such as Tesla (-2.15% to $ 1,064.70), Netflix (-2.51%) or Apple ( -1.67%).

"While the reflex in the face of monetary tightening is to sell the technology, there is also the reflex that continues to buy back fairly quickly the declines in the market," said Gregori Volokhine.

"It's a bit reassuring," added the analyst.

Facebook (Meta) gained 2.56% and Alphabet stabilized (-0.07%).

In economic data on Thursday, weekly jobless claims rebounded in the United States in the last week of 2021 (207,000 claims), but remain low as employers face a labor shortage. 'work.

Witnessing strong demand from the US economy, the US trade deficit widened much more than expected in November on the back of record goods imports, the Commerce Department said.

The deficit in trade in goods and services with the rest of the world amounted to $ 80.2 billion, an increase of 19.4% from the previous month.

A small half of the S&P 500 sectors remained in positive territory like energy (+ 2.29%) in the wake of a jump in crude prices.

Bank stocks also benefited from the prospect of rate hikes, which were more profitable for financial institutions (+ 1.55%).

The materials (-1.24%), health (-1.21%) and information technology (-0.48%) sectors remained in the red.

As the earnings season begins to dawn, the drugstore and drugstore chain Walgreens has dropped 2.89% to 52.44 dollars despite profits and sales above forecasts.

The title of the American start-up Beyond Meat, which makes steaks and sausages of plant origin, soared 14.65% to 67.06 dollars in reaction to its announcement of a novelty on the menu, the "Beyond Chicken fried "on January 10.

The share had fallen sharply in recent days.

Peloton smart apartment bikes rebounded 5.06% after a similar drop the day before following a negative rating from JP Morgan.

The Robinhood online brokerage app fell another 2.50% to $ 15.58, half the price of its IPO price last summer.

Another account management application, Acorns Grow will develop access to investments, which would compete with Robinhood.

© 2022 AFP