New York (AFP) – Wall Street declined slightly Tuesday after closing general records, investors refocusing on the monetary policy outlook from the Federal Reserve (Fed): the Dow Jones lost 0.45% and the Nasdaq 0.66%.
According to final results, the index Dow Jones Industrial Average Featured yielded 84.03 points 18,552.02 points and the Nasdaq, dominated by technology, 34.90 point to 5227.11 points. Both had finished at record levels the previous day
The broader S & amp;. P 500, also a record Monday, was down 12.00 points, or 0.55%, to 2178.15 points.
“it comes at a time when one starts to think about the Federal Reserve (Fed),” highlighted Gregori Volokhine of Meeschaert Financial Services, referring to About William Dudley, president of the New York Fed.
While the Fed has done nothing since the beginning of the year to limit its support to the economy, Mr. Dudley warned that a rise in interest rates was “possible” at the next Fed meeting in September.
“the problem is that the market does not believe (an increase rates) and any surprise at this level will be very negative for the market, “said Mr. Volokhine. “Mr. Dudley’s comments may have been understood as (the sign) the Fed begins to prepare the market for higher faster than expected rate.”
“But the stock market knows the Fed wants to anyway raise rates, so it should not surprise anyone, “chained Art Hogan of Wunderlich Securities.
Despite a rich session by US data for the month of July, including a predictable stagnation of inflation, contrasting figures on real estate and a good performance of the industrial production, he felt that the small decline in Wall Street was not related to any “particular item”.
“Given that the three major indices are breaking records, it is normal that the stock market makes a break,” he concluded
the Dow Jones and S & amp. P 500 spent the month of July to cross records. They thus quickly erased a short period of hesitation due to the British vote in late June for a release of the European Union (EU), and have recently been joined by the NASDAQ.
– Dick’s Sporting Goods jumped –
within the Dow, the home Depot retail chain, DIY specialist and home improvement, lost 0.61% to 136.23 dollars after having spent much of the session in the green, without finally enjoy annual forecast raised in the wake of results in line with expectations in the second quarter.
Among the other values and also in distribution, Dick’s Sporting goods, specializing in sporting goods, jumped 7.05% to 58.76 dollars after announcing an increase in sales and net profit in the last quarter.
the fund Arch Capital Group advanced 4.14% to 80.28 dollars after confirming the purchase for $ 3.4 billion of mortgage insurance arm of AIG giant, which rose 0.15% to 59.31 dollars .
the food company Hain, present in organic products, fell by 26.31% to 39.35 dollars after announcing the postponement of its quarterly results, as a result of accounting issues, and recognized it does not probably reach its annual targets.
the specialist industrial gases Praxair, which is discussing a merger with the German Linde to create the first global sector entity, has won 2, 75% to 121.27 dollars.
The bond market retreated slightly. Around 8:30 p.m. EDT, the yield on 10-year Treasury rose to 1.576% against 1.557% Monday evening, and that good for 30 years at 2.292% against 2.281% previously.
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