Around 13:40 GMT, the Dow Jones rose 0.08%, the Nasdaq index fell 0.53% and the S&P 500 index gave up 0.15%.
For the first time since early March, the New York market started a calm session. "The main thing is that there has been no negative development in the banking sector since yesterday," said Karl Haeling of LBBW. "The market is in a waiting position."
After yo-yoing from one session to the next, regional banks were operating in tight margins, like First Citizens (+3.57%), in the spotlight Monday after the announcement of its takeover of Silicon Valley Bank (SVB), or Californian First Republic (+1.54%), often seen as a possible weak link.
Just like on Monday, large technology caps were profit-taking after surfing, against all odds, on the banking crisis. Alphabet and Meta dropped 2.46% and 1.80% respectively.
Subjected to violent turbulence since the bankruptcy of Silicon Valley Bank, the bond market also offered itself a break.
The yield on 10-year US government bonds stood at 3.55%, compared to 3.52% the previous day at the close.
"Operators lack conviction, one way or the other," Patrick O'Hare of Briefing.com said in a note.
However, Wall Street remains recovering, warned Karl Haeling.
"As long as this banking issue has not really been resolved, it will remain the dominant subject" and continue to relegate macroeconomic indicators to the background, said the analyst.
The clothing group PVH rose (+17.56%) after publishing a net profit significantly above expectations for the last quarter of 2022, thanks in particular to the good performance of the Calvin Klein brand.
Pharmacy giant Walgreens was up (+2.82%), as its higher-than-expected quarterly revenue was offset by a net profit below expectations, due to higher costs.
The food company McCormick, which controls the Ducros brand, advanced (+12.88%) after reporting results slightly above market projections and confirming its objectives for the full fiscal year 2023 (December to November).
The platform for booking vehicles with driver (VTC) Lyft accelerated (+6.67%) after the announcement of the arrival of a new CEO, David Risher, formerly of Amazon and Microsoft, who will succeed the co-founder, Logan Green, who will become chairman of the board.
Investors welcomed the prospect of a spin-off of Chinese e-commerce giant Alibaba (+7.78%), listed in New York, which will split into six separate entities, five of which could be listed separately.
After the legal summons of the largest exchange platform in the world, Binance, on Monday by the US regulator of financial derivatives, the CFTC, the world of cryptocurrencies was gloomy.
The exchange platform Coinbase (-0.54%) and the specialists in the "mining" of cryptocurrencies Riot Platforms (-1.68%) and Marathon Digital (-0.54%) were all in the red.
© 2023 AFP