An operator on the New York Stock Exchange on July 15, 2025 (AFP / Angela Weiss)
The New York Stock Exchange fell down on Tuesday, paying a break before a particularly busy weekend, between Fed decision, major economic indicators and economic indicators.
The Dow Jones fell 0.46%, the NASDAQ index lost 0.38%and the enlarged S&P 500 index dropped 0.30%.
“After reaching historical heights, the market adopts an wait -and -see attitude,” said B. Riley Wealth Management to AFP Art Hogan.
In question: “Investors are preparing to live three very eventful days,” comments Steve Sosnick, of Interactive Brokers.
The American square is preparing to welcome the conclusions of the meeting of the American Central Bank (FOMC) on Wednesday, at the end of which interest rates at their current level is once again expected.
“The market will above all be attentive to forecasts for the next meetings,” said Sosnick.
According to the analyst, the market will also monitor if the decision was taken unanimously, while two institution officials said they were inclined to lower the rates this month.
In parallel, on the business side, the results of the Meta giants (Facebook parent company) and Microsoft are expected on Wednesday after the stock market fence.
“Both mathematical and psychologically, these performances are very important for the market mentality,” said Steve Sosnick.
On the indicators side, the JOLTS report of the US Ministry of Labor highlighted Tuesday a more marked drop than expected of the number of job offers in June.
Consumer confidence was slightly straightened in July in the United States, a better result than what was anticipated by the markets.
Investors are now waiting for GDP in the second quarter on Wednesday, PCE inflation in June Thursday and several employment reports in the United States-particularly unemployment for July published on Friday.
On the bond market, the yield of American state loans at 10 years was clearly relaxed around 8:10 p.m. GMT, at 4.32% against 4.41% at the end the day before.
At the coast, the American aeronautical manufacturer Boeing (-4.32% to 226.19 dollars) slipped despite the announcement of a less dug loss than expected in the second quarter, to $ 697 million, in a “changing global environment”.
The health insurer United (-6.94% to 261.38 dollars) frankly fell after announcing quarterly results below expectations and forecasts for annuals less good than expected.
Union Pacific (-2.34% to 223.87 dollars) fell after announcing the acquisition of its competitor Norfolk Southern (-3.03% at 277.75 dollars) to create the first rail freight operator in the United States, an operation that values the target at 85 billion dollars.
The American pharmaceutical group Merck (-1.64% at 82.68 dollars), also known as MSD outside North America, was shunned after announcing job cuts on Tuesday as part of a savings plan to reduce its costs by three billion dollars per year by 2027, without specifying the number of posts.
The American group Procter & Gamble (P&G), a specialist in household and hygiene products, finished in the red (-0.31% at 156.62 dollars). P&G has exceeded expectations in the fourth quarter, but announced Tuesday that the implementation of customs duties will affect its growth for the year 2025/2026.
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