(Updated with dollar, Treasuries)
* The Dow lost 0.48%, the S & amp; P 500 0.45% Nasdaq 0.4%
NEW YORK, May 6 (Reuters) – The New York Stock Exchange ended Wednesday in the red after the warning the president of the Federal Reserve against the high level devaluation equity markets
<. p> Volatile lately due to an avalanche of quarterly results and mixed indicators, Wall Street opened higher before turning follow up on Janet Yellen.
“I would stress that Equity valuations are at this stage, generally high enough, “she said at a conference in Washington. “There are potential dangers there.”
The Fed Chairman also cited as a risk factor the low level of long term interest rates, which could sharply rise when the Fed will normalize its politiquemonétaire.
The Dow Jones finally yielded 0.48% (86.22 points) to 17,841.98. The S & amp; P 500, wider, lost 9.31 points, or 0.45%, to 2080.15. The Nasdaq Composite fell 19.68 point his side of (0.4%) to 4919.64.
Before the opening, investors have learned that the private sector in the United States had created 169,000 jobs in April, according to the monthly survey of the specialist firm ADP, the lowest since January, 2014.
This indicator was not too excited, however, Wall Street, which await the overall statistics employment on Friday to get a more precise idea of the situation on that front.
TITLE MONEYGRAM S’ENVOLE
The current trend in the markets is to think that the Fed will wait the end of the year or even early next year before raising interest rates.
The president of the Atlanta Fed, Dennis Lockhart, however, felt Wednesday that monetary tightening in mid-2015 was still possible.
On the bond front, the standoff between Greece and its international creditors as well as disquieting indicators on the health of the US economy resulted in the increase of return on 10-year Treasuries at 2.249%, or one basis point of the record of the year.
On the foreign exchange market, the dollar was down 0.9% facing a reference basket of currencies and 1.3 against the euro, which was trading around 1.1332 dollar.
Values, Western Union, the world’s number one transfer of money, denied during the meeting to press reports lending him an interest in its competitor MoneyGram International, whose shares have jumped more than 21%, the Western Union as increasing by 4.3%.
JPMorgan Chase lost 0.7%. The corporation of the bank in France was indicted April 16 for tax evasion inParis complicity in the investigation of a series of transactions by senior members of the investment company Wendel, a -t on Wednesday a judicial source.
In the pharmaceutical sector and against the trend, Synagena soared 112% after the announcement of an offer of 8.4 billion its competitor Alexion Pharmaceuticals (-8%) to hand over his treatment in initial experimental phase against a rare metabolic disease
. (Christmas Randewich; Patrick Vignal for the French service)
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