Around 2:30 p.m. GMT, the Dow Jones index yielded 0.19%, the Nasdaq 0.22% and the S&P 500 0.15%.

Friday, after a nightmarish week, the Dow Jones had recovered by 1.47% to 32,196.66 points.

The Nasdaq index gained 3.82% to 11,805.00 points.

The broader S&P 500 index rose 2.39% to 4,023.89 points.

In a context of tightening of financial conditions by the central banks and while threats accumulate for growth, the New York place experienced its seventh week of decline in a row for the Dow Jones, sixth for the S&P 500.

The Nasdaq, which concentrates technology stocks, has lost 27% since its peak at the end of 2021, while the S&P 500, the most representative index of the American market, is down 16%.

“Risk aversion is a lingering sentiment on Wall Street on Monday,” Wells Fargo analysts noted in a note.

“Concerns over the outlook for global economic growth continue to weigh on confidence,” they added.

Investors were digesting disappointing data in particular from China, where retail sales suffered their biggest fall in two years in May and where unemployment rose sharply.

The poor forecasts of the European Commission for the euro zone have not gone unnoticed either: the economic growth projection has been lowered by 1.3 points to 2.7% for 2022 and that of inflation has increased by 3, 5 points to 6.1%, due to the war in Ukraine.

In addition, on the American side, the manufacturing indicator for the New York region fell sharply, showing a contraction in activity, much more severe than expected.

The Empire State barometer, published by the Fed, plunged 11.6 points, showing weak business morale.

To add to the gloomy mood, former Goldman Sachs boss Lloyd Blankfein said in an interview on Sunday that we had to prepare for a recession.

Without counting the comments Monday, on the channel CNBC, of ​​the former chairman of the American Federal Reserve (Fed), Ben Bernanke, who considered that the central bank had been slow to respond to inflation and that it was "a error".

Yields on ten-year Treasuries fell a little to 2.86% from 2.91% on Friday as bond prices rose as they were more sought after.

This reflected investors' concern about a possible recession.

On the odds, the title of Twitter fell 5.24% to 38.58 dollars falling below the level where it was when Elon Musk revealed that he had acquired a stake.

The action was worth 39.31 dollars when the boss of Tesla announced that he held 9.2% of the capital, before formulating, a few days later, an offer at 54.20 dollars, valuing the group some 44 billion dollars.

Since then, the boiling multi-billionaire seems to procrastinate, dragging the action downward.

The bidding continued around Spirit Airlines (+11% to 18.85 dollars).

The low-cost American company JetBlue Airways (-3.33% to 9.73 dollars) has announced that it is launching a hostile takeover bid (OPA) on its rival Spirit Airlines, which refused its previous friendly offer in favor of a merger with Frontier Airlines (+6.65% to 9.30 dollars).

JetBlue is offering a price of $30 a share for Spirit Airlines, which is $3 less than the initial approach.

Among the results of companies, the big names in the distribution sector were expected this week with Walmart, Target, Home Depot.

© 2022 AFP