The New York stock Exchange ended in the red on Tuesday, exacerbating its losses at the end of the session, after will be much appreciated the day before and after hearings before the u.s. Senate, the boss of the Fed and the secretary of the Treasury.read also : The economy not recover fully without a vaccine, according to the boss of the Fed
the index feature, the Dow Jones Industrial Average has surrendered 1,59% to 24.206,86 points. The Nasdaq, in high coloring technology, was down 0.54% to 9.185,10 points and the S&P 500, which represents 500 largest companies of Wall Street, from 1.05% to 2.922,94 points. After being strongly mounted on Monday thanks to encouraging results of clinical trials to a u.s. laboratory for a vaccine against the coronavirus, the place new york has appeared to make a break Tuesday before they score more frankly shortly before the closing.
The session was moderated by the hearings of the president of the federal Reserve board, Jerome Powell, and u.s. secretary of the Treasury, Steven Mnuchin, before the committee on banking, housing and urban affairs of the Senate. Steven Mnuchin has, inter alia, that the shutdown of the american economy due to the pandemic posed a "risk of lasting harm" while asserting that the reopening of the business activity should be developed in a "balanced manner and without danger."Divisions-partisan u.s. Congress
According to Christopher Low of HLF Financial, the strong divisions partisan in the us Congress, however, limited the options of the Fed and the Treasury. The two institutions are going to be "extremely cautious about their approach to future bank lending programs," said Christipher Low, which emphasizes that "every party is so interested."
The White House has approved several components of loan programs for small businesses, which totaled in the beginning of may, 669 billion. These programs are part of a plan to be daunting support to the u.s. economy of 2,200 billion at the end of march, supplemented by $ 500 billion dollars additional at the end of April. The administration Trump has assured to consider new measures, but wishes for the time to take a break. "Assistance to the States is considered essential for preparing the land for a quick restart, but the fact that the two parties happen almost not to work together does not help," says Christopher Low.
The rank of the indicators, housing starts of private housing in the United States have fallen by more than 30% in April, under the effect of the pandemic Covid-19, according to data from the department of Commerce released on Tuesday. On the bond market, the rate on 10-year u.s. debt fell, reaching 0,6915% against 0,7257% Monday evening.No comment
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