Around 4 p.m., the Dow Jones increased by 0.33%, the Nasdaq drops 0.39%while the enlarged S&P 500 index appears close to balance (-0.03%).
The New York Stock Exchange is evolving without clear direction on Tuesday, being indecisive as Jackson Hole central bankers are approached at the end of the weekend which could give a new indication of the monetary policy pursued by the American Federal Reserve (Fed).
Around 1:55 pm GMT, the Dow Jones took 0.33%, the Nasdaq index released 0.39%while the enlarged S&P 500 index appeared close to balance (-0.03%).
“Individual actions are experiencing fluctuations but the market as a whole still needs a boost,” summarizes Patrick O’Hare, from Briefing.com.
“Investors are expecting the speech of the president of the Fed, Jerome Powell on Friday,” adds CFRA to AFP Sam Stovall. The president of the American monetary institution will be expressed as part of the Jackson Hole (Wyoming) conference which brings together many central bankers.
Investors will scrutinize each of Mr. Powell’s words, which could give new indices regarding the possibilities of a drop in guiding rates of the US central bank, in the context of a sluggish employment but of persistent inflation.
The next meeting of the Fed Monetary Policy Committee will take place in September. “The general feeling is that the lack of decline would not be a good thing and could lead to a correction” of Wall Street, judges Sam Stovall.
In the meantime, investors will be attentive to the publication on Wednesday of the report (“minutes”) of the last meeting of the American central bank in July, as well as to the speeches of several officials of the Fed planned throughout the week.
On the bond market, around 1:50 p.m. GMT, the yield of American state loans at ten years was slightly relaxed at 4.31% against 4.33% at the end the day before.
On the indicators side, the starts in July came to be higher than the expectations of analysts while the building permit requests were below forecasts.
On the table of values, the manufacturer of intel electronic chips shone (+11.24% to $ 26.32), taking advantage of the announcement of an investment of $ 2 billion from 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.
Intel also remains scrutinized by investors after press information evoking the possibility of a stake in the United States government up to 10%.
The American DIY store store Home Depot (+4.70% at 413.61 dollars) was applauded to maintain its annual forecasts despite a second quarter lower than expectations.
Home Depot discounts an increase of approximately 2.8% of its annual turnover (+1% with comparable data) and operating margin around 13.4% excluding exceptional elements.
Its net profit by action excluding exceptional elements – reference for markets – should fall by around 2% compared to the $ 15.24 of the previous year, at a level however higher than expectations.
The Bestbuy electronic large electronic group (+3.73% at $ 74.48) was sought after the implementation of the transformation of its website into a marketplace, allowing sellers external to the company to display their products there.