Wall Street evolves in decline | The press

(Washington) The New York Stock Exchange is down on Wednesday the day after a session marked by the losses of the technological sector. Meanwhile, investors also seeking to know more about the monetary trajectory favored by the Federal Reserve (Fed). Meanwhile,

Posted at 10:17 a.m.

Around 9:55 am (Eastern time), the Dow Jones was close to balance (-0.07 %), the Nasdaq index released 1.45 %and the enlarged S&P 500 index fell 0.66 %. Additionally, Meanwhile,

The day before. Meanwhile, “the technological sector experienced a decrease […] And it remains under pressure today, ”notes with AFP Art Hogan, by B. wall street evolves decline | Nevertheless, Riley Wealth Management. For example,

Most of the “seven magnificent”-the nickname given to the technological sector giants-dug their losses. In addition, like the nvidia semiconductive giant (-1.02 % to 173.85 dollars), Apple (-1.25 % to 227.67 dollars), from Tesla (-0.26 % to 328.444 at $ 225.58). Therefore,

On the indicators side, “the agenda is light”, according to Mr. For example, Hogan, but the investors have kept an eye on the requests for real estate loans, which have largely decreased. For example,

The American square will also be attentive to the publication on Wednesday at 2 p.m. Wednesday (Eastern time) of the report (“minutes”) of the last monetary meeting of the American central bank in July.

But “the main subject of the week” will be the wall street evolves decline | colloquium of Jackson Hole (Wyoming). which brings together many central bankers at the weekend, according to Art Hogan. On this occasion, the president of the American central bank (Fed), Jerome Powell, will give a speech on Friday.

Investors will be on the lookout for indices that can inform them about. the monetary trajectory favored by the American institution.

Mr. Powell “has always been reluctant to predict the decisions that the Fed will make during its next meetings […] And this could therefore disappoint the markets. ”warns Mr. Hogan, however.

The operators still favor the hypothesis of a rate drop at the end of the next Fed meeting on September 16. 17, according to the CME monitoring tool, Fedwatch.

On the bond market, the yield of American wall street evolves decline | state loans at ten years was very slightly relaxed at 4.30 % against 4.31 % at the end on Tuesday.

Elsewhere, at the coast, the American square digests the quarterly results of several large American distributors.

The Target supermarket chain fell frankly (-8.44 % at 96.47 dollars). The group has exceeded Wall Street’s expectations in terms of turnover but expects its annual sales to fall. Furthermore,

The Minneapolis company (Minnesota) also announced a change at its head. the current boss Brian Cornell to be replaced from 1^is Next February by Michael Fiddelke.

The Holding of low-cost stores TJX (+4.94 % at 141.27 dollars). which notably controls the Tjmaxx (clothing), Homegoods (decoration items) and Marshalls (ready-to-wear) brands, was sought after having done better than designed for the wall street evolves decline | second quarter and having revised its annual upward forecasts.

The American cosmetics group Estée Lauder (-4.35 % to 85.96 dollars) fell after announcing on Wednesday in a statement a heavy loss in the fourth quarter of its offbeat exercise. caused in particular by the implementation of its restructuring plan announced in February.

This corporate plan is designed to try to straighten the situation of a loss group. suffering from consumption at half mast in particular in the big market that is China for it.