Wall Street ends down with oil – Challenges.fr

Caroline Valetkevitch

NEW YORK (Reuters) – New York Stock Exchange finished down about 1% Friday, within the scope including the plunge in oil stocks in the wake of the relapse crude, but also, more generally, because of uncertainties surrounding the rate hike in the United States and the possibility of a “Brexit”.

the Dow Jones sold 0.67% or 119.85 points to 17,865.34. The S & amp; P 500, wider, lost 19.41 points, or 0.92%, to 2096.07, closing for the first time since the week in the 2,100 point mark, a key technical threshold. The Nasdaq Composite fell on his side of 64.07 point (-1.29%) to 4894.55.

On the whole week, the Dow remains up to 0.3 % while the S & amp; P 500 and Nasdaq respectively accuse weekly declines of 0.14% and 0.97%, both indices interrupting a three-week consecutive increase

. “the inability of the S & amp; P 500 to remain above a level of key resistance shows that stakeholders are not yet ready to take the market to new records,” said Adam Sarhan, CEO of Sarhan Capital .

Despite its weekly decline, the S & amp; P remains within 2% of its record high of 2,134.72 reached May 20, 2015

After reaching in. week their highs of 2016, gross courses yielded nearly 3% at the close of Wall Street, within the scope of the continuing rise in the dollar and a further rise in the number of wells drilled in the US .

the S & amp index; P grouping the energy values ​​has recorded the largest decrease sector of the session with a decline of 1.99%, before the financial compartment (-1, 24%).

this was particularly weighed down by the return of uncertainty about the next increase in interest rates in the United States while a monetary tightening this month or in July seemed almost like a certainty just a few weeks.

CLASH oF BREXIT

“the US indices are in the wake of European markets. We saw a course of decline of oil, an increase in the price of Treasury bonds and it gives a red day, “said Paul Springmeyer, director of investment management at US Bank Wealth Managing.

the imminence of the referendum to be held on June 23 on the future of the membership of Britain to the European Union begins to make investors more and more.

last survey to date, published in the day by the Independent, gives a ten-point lead to supporters of EU output.

“the global economy is weak and can not conceding major shock. If there is a Brexit is a major shock, “said Adam Sarhan still.

Against the trend, Verizon stock has gained 1.37% to 52.66 dollars, displaying the one of the highest increases in the S & amp; P 500, and bearing the telecoms index, the only one to finish the session in the green (0.84%)

the Intel action. also increased, from 0.31% to 32.04 dollars, after a press report saying the semiconductor giant had won a large contract to supply component from Apple.

chemistry, Axiall title jumped 26.2% after the group said it had accepted a Westlake Chemical’s takeover offer in the amount of $ 2.33 billion (2.06 billion euros), some days after receiving a proposal from the south Korean Lotte. the action Westlake took 2.97%.

(Benoit Van Overstraeten for the french service)