Operators on the New York Stock Exchange on July 15, 2025 (AFP / Angela Weiss)
The New York Stock Exchange finished down on Tuesday in the face of the withdrawal of certain large capitalizations, investors also remaining wait -and -see before the Jackson Hole central banker meeting at the end of the week.
The NASDAQ index, where technological values focused, lost 1.46% and the enlarged S&P 500 index fell 0.58%. The Dow Jones (+0.02%) finished at a level close to balance.
“We reached historical heights last week, the market is back, while investors digest this very strong (…) increases,” sums up with AFP Adam Sarhan, of 50 Park Investments, according to which this movement is common.
“The considerable losses recorded by major technological values put the S&P 500 and the NASDAQ under pressure,” said Briefing.com analysts.
After a sharp increase in recent weeks, the “seven magnificent”-the nickname given to the technological sector giants-have all finished at half mast, like the nvidia semiconductor giant (-3.50% to 175.64 dollars), Microsoft (-1.42% to 509.77 dollars), Tesla (-1.75% at 329.31 dollars) or from Amazon (-1.50% to $ 228.01).
The American square also remains cautious when approaching Jackson Hole (Wyoming), which brings together many central bankers at the end of the week. On this occasion, the president of the American central bank (Fed), Jerome Powell, will give a speech on Friday.
Mr. Powell should be “cautious about the state of health of the economy (American), because since his last intervention (…), the data has deteriorated,” notes Mr. Sarhan.
But “almost everyone agrees that the Fed should lower its rates (…), so it remains to determine when,” adds the analyst.
The market always favors the hypothesis of a drop in rate at the end of the next Fed meeting on September 16 and 17, according to the CME monitoring tool, Fedwatch.
Investors will also be attentive to the publication Wednesday of the report (“minutes”) of the last monetary meeting of the American central bank in July, as well as to the speeches of several officials of the Fed planned throughout the week.
In the bond market, around 8:15 p.m. GMT, the return on American state loans at ten years was slightly relaxed at 4.31% against 4.33% at the end the day before.
Elsewhere, on the table of values, the Intel semiconductor manufacturer continued its ascent (+6.97% at 25.31 dollars), benefiting from the announcement of an investment of $ 2 billion in the Japanese giant Softbank. The agreement, announced on Monday, will bring about 2% the presence of the Japanese to the capital of the American group.
In addition, the United States government wishes shares to the group’s capital in exchange for subsidies already planned by former president Joe Biden, the US Secretary for Commerce, Howard Lunick, on Tuesday.
The American DIY store Home Depot stores gained ground (+3.12% at 407.01 dollars) after confirming its annual forecasts despite a net profit for the second quarter of its offbeat exercise lower than expectations.
The Bestbuy electronic mass distribution group (+3.27% to $ 74.15) increased after the implementation of its website transformation into marketplace, allowing the company’s external sellers to display their products.
Investors are now waiting for the results of other large distributors this week, like Target (+0.41%) or the Walmart giant (+0.62%).
“The results of the distributors give a good idea of the state of health” financial consumers, concludes Mr. Sarhan.
Nasdaq
