(New York) The New York Stock Exchange, shortly after the opening, moved in scattered order on Wednesday the day after a sharp rise, investors being cooled by new Russian strikes in Ukraine and by the will of Europe to reduce its energy consumption.
Posted at 10:49 a.m.
Around 10:10 am, the Dow Jones index lost 0.42%, the NASDAQ advanced 0.49% and the S&P 500 fell 0.18%.
On Tuesday, driven by company results and a falling dollar, the Dow Jones index had gained 2.43% to 31,827.05 points, the NASDAQ, with strong technological coloring, 3.11% to 11,713.15 points , and the S&P 500 2.76% to 3936.69 points.
Wall Street is moving “in a contained fashion early in the session on the heels of strong gains the day before, as markets digest the second-quarter earnings season,” Schwab analysts said in a note.
“The opening is a bit weak,” commented Peter Cardillo of Spartan Capital for AFP. “I think the news that Russian forces are bombing eastern and southern Ukraine is causing investors to be a little cautious and take advantage of the jump from the day before,” he said, while believing in a closing. rising.
“The fact that the European Union is trying to encourage a 15% reduction in its energy consumption also weighs on the energy sector,” the analyst pointed out.
Brussels on Wednesday proposed a plan to reduce European gas demand by 15% to overcome the drop in Russian deliveries.
The energy sector lost 1.37%, in line with the drop in the price of a barrel. Occidental Petroleum dropped 1.72% as did Schlumberger.
Real estate continued to be the focus of investors’ attention as home resales fell 5.4% in June, much more than analysts expected.
This bad figure comes after a drastic drop in housing starts in June announced the day before, not to mention a demand for mortgages down 6% last week, to a 22-year low.
Among the results of companies, are expected in particular Tesla (-0.53%) and United Airlines (-0.27%) after the closing.
“So far, they have been more or less correct, although a little mixed,” judged Peter Cardillo.
Netflix, which announced better-than-expected results on Tuesday with a smaller loss of subscribers than expected, rose slightly by 1%, failing to maintain the previous day’s momentum observed in electronic exchanges according to closure (+8%).
On the bond market, rates on 10-year Treasury bills stood at 2.98% against 3.02% at the end of the day the day before, still slightly lower than two-year rates (3.02%).