Wall Street ends in small decline after a solid month of July

The New York Stock Exchange ended a hesitant session down Monday after a strong month of July.

Wall Street ends in small decline after a solid month of July

The New York Stock Exchange ended a hesitant session down Monday after a strong month of July.

According to final results at the close, the Dow Jones index fell 0.14% to 32,798.40 points, the Nasdaq dropped 0.18% to 12,368.98 points and the S

"There wasn't much to sink your teeth into today: no major company results, a slightly better than expected manufacturing activity indicator and the market was out of a week and a week. very strong months,” Art Hogan of B. Riley Wealth told AFP.

"We were a bit in the 'we wait and see' mode," he said.

During the week, investors will watch the US activity index in services on Wednesday and especially the employment figures on Friday.

These should indicate whether the economy is slowing, as second quarter GDP contracted (-0.9%). The projections count on 250,000 job creations after 372,000 in June and on a stable unemployment rate at 3.6%.

The growth of manufacturing activity in the United States slowed a little in July, according to the index of the professional federation ISM published on Monday, which fell, for the second month in a row, to the lowest since June 2020.

But at 52.8%, a drop of 0.2 points compared to June, it was however better than expected, especially as the component of prices invoiced slowed its rise.

The volume of stock exchanges was low which explained the volatility of the indices which oscillated from green to red throughout the day, underlined Art Hogan.

Another 150 S companies

Boeing soared 6.13% to $169.07 as the US aviation authority FAA comes close to giving a green light to resume deliveries of the long-haul 787, more than a year after the discovery several manufacturing defects.

The certification plan for the device has been approved, but deliveries are not yet imminent, said a source familiar with the matter.

The Royal Caribbean cruise line collapsed 7.57% to 35.78 dollars as the company announced that it was launching a loan of 900 million dollars to buy back part of its debt. The other cruise lines also drank the cup, such as Norwegian Cruise (-1.40%) or Carnival Corporation (-1.55%).

Stocks of oil companies fell in the wake of a drop in oil prices ahead of an OPEC producers' meeting on Wednesday and on fears of a slowdown in China, whose manufacturing activity marked time in July. .

Exxon lost 2.53% to $94.47 and Chevron 2% to $160.51.

Seven sectors of the S

Bond yields on 10-year Treasury bills fell further to 2.59% from 2.64% on Friday, the lowest since early April.

The greenback also retreated against major currencies.

Yorum yapabilmek için üye girişi yapmanız gerekmektedir.

Üye değilseniz hemen üye olun veya giriş yapın.

NEXT NEWS