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Hesitation on Wall Street, where the Dow Jones is declining and the Nasdaq notched a record

The New York stock Exchange has ended in a scattered fashion on Tuesday, with the Dow Jones marking a pause after a strong growth while the Nasdaq was taking ad

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Hesitation on Wall Street, where the Dow Jones is declining and the Nasdaq notched a record

The New York stock Exchange has ended in a scattered fashion on Tuesday, with the Dow Jones marking a pause after a strong growth while the Nasdaq was taking advantage of the surge of a few big names in tech like Apple to rise to a new record.

read also : The global economy will contract by more than 5% in 2020, according to the world Bank

The index feature of Wall Street, the Dow Jones Industrial Average, fell 1.09% to 27.272,30 points when the Nasdaq, in high coloring technology, appreciated by 0.29% to 9.953,75 points and ended on a record. It has exceeded for the first time during the session the symbolic threshold of 10,000 points. The S&P 500, which represents 500 largest companies of Wall Street, declined 0.78% to 3.207,18 points. "For the Dow Jones and the S&P 500, investors proceed simply to some profit taking," notes Peter Cardillo Spartan Capital Securities.

After a sudden collapse between late February and late march, the indices are, in fact, quickly rebounded, taking more than 40%. And this despite the proliferation of indicators showing the severe impact of the measures imposed to stop the pandemic of Covid-19 on the activity. The world Bank still estimated on Monday that the global economy would shrink by 5.2% this year. The Committee of the dating of economic cycles, the national Bureau of economic research, for his part, said that the United States had entered into recession as early as February.

A graceful restart of the economy

But the players in the market mainly focus on the graceful restart of the economy as the déconfinement in the leading economic powers, and rely on the rebound of business activity. And they have benefited greatly from the actions of the american central bank ", which has injected very generously of money into the financial system", says Peter Cardillo. Traders will be attentive on Wednesday at the end of the meeting of its monetary policy Committee. If observers do not expect that this institution will move its interest rates, they will be watching any index on the decisions to come.

The Nasdaq, for its part, has benefited from the good performance of a few stars, such as Amazon (+3,04%), Apple (+3,16%), Facebook (+3,14%) or Netflix (+3.47 per cent). On the bond market, the rate on 10-year u.s. debt have fallen significantly, to 0,8187% against 0,8752% on Monday to the closing.

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