Monday , September 20 2021

Wall Street opens lower after yesterday’s records

Posted on:

New York (AFP)

The Stock Exchange opened lower on Wednesday after the Nasdaq and S&P 500 indexes reached new highs the previous day.

At 14:40 CET, the Dow ions industrial average fell 0.46%. The high-tech Nasdaq fell 0.83% and the extended S&P 500 index fell 0.30%.

On Tuesday, the S&P 500, the most representative index on the US market, ended with 1.13%, setting a new record at 3,662.45 points, second in the last two weeks. Nasdaq gained 1.28% to 12,355.11 points, also a new high.

The Dow ions advanced 0.63% to 29,823.92 points.

“There is a break in the purchase. “It remains to be seen whether this will lead to a slowdown in the stock market or simply stop before it can move forward.” Patrick O’Here from the Briefing who expects a earnings session.

Private-sector job creation in the United States, according to an ADP survey, turned out to be lower than expected, with 307,000 creations, even if the figure had risen for the previous month. The US administration released official employment data on Friday.

In the afternoon, the Fed will release its Beige Book, the latest economic report to capture the pulse of the economy, ahead of the US Federal Reserve meeting in two weeks.

After rising a day earlier in terms of its inclusion in the S&P 500 on December 21, Tesla lost 6.62%.

Pfizer (+ 4.95%) used the announcement of the British drug agency to approve its vaccine in partnership with BioNTech against Covid-19, the first in the Western world. His vaccine rival Moderna, however, lost 6.25%.

The bond yield on the 10-year treasury bills rose to 0.9426% from 0.9260% the previous day.

Source link