Wall Street ends up slightly – Le Figaro

Wall Street declined slightly Tuesday after assimilated more or less good corporate earnings in the retail sector, while monitoring the fall in Chinese stock exchanges: the Dow Jones lost 0.19% and the Nasdaq 0.64 %.

According to final results the Featured Dow Jones Industrial Average has surrendered 33.84 points 17,511.34 points and the Nasdaq, dominated by technology, 32.35 points 5059.35 points.
Closely watched by investors, the index expanded S & amp;. P 500 fell 0.26%, or 5.52 points to 2096.92 point

The session was marked by “a thing and encouraging a concern, “summed Gregori Volokhine of Meeschaert Financial Services. “What was encouraging were the results of Home Depot and the new figures for housing starts, which are the highest since 2007.” DIY specialist and home improvement, Home Depot raised its annual forecasts after a profit in line with expectations in the last quarter.

“Except that the real estate problem, c ‘ is that this is not a major industry throughout the US gross domestic product, “continued Mr. Volokhine. “The capital sector is that of consumption, and we got on this plane a sizable disappointment of Wal-Mart.”

The first group of worldwide distribution has reported a drop of more than 10% of its net profit in the last quarter, and has revised down its forecast for the year. “Wal-Mart makes positive things: they increase wages, they invest in the future of their business, but at the expense of their margins, and this is clearly punished by the market,” ruled Mr Volokhine .

Moreover, internationally, Wall Street suffered “concerns are growing that an economic slowdown in China after a sharp fall in the most populous country in the world Scholarships” highlighted the experts from the brokerage Charles Schwab.

The Shanghai Stock Exchange fell more than 6% Tuesday, its biggest drop in three weeks, as investors worried efforts their eyes insufficient by the government to support the Chinese economy and markets.

Despite these negative influences, the decline Tuesday by Wall Street has “nothing spectacular,” said Michael James of Wedbush Securities. “The market is still evolving around the same levels as well and should continue until the September decision by the Fed.”

The market wonders if the central bank decides at its next monetary meeting in mid-September to raise rates, currently near zero, and thus begin to withdraw substantial support to the economy.