(Reuters) – The New York Stock Exchange ended lower on Tuesday as investors took profits ahead of Jerome Powell’s hearing on Wednesday and Thursday.
The Dow Jones Industrial Average fell 0.72%, or 245.25 points, to 34,053.87 points.
The broader Standard & Poor’s 500 lost 20.88 points, or 0.47% to 4,388.71 points. The Nasdaq Composite fell for its part by -22.28 points (0.16%) to 13,667.294.
Closed on Monday, the American markets have also integrated the “hawkish” comments of two Fed governors, made on Friday afternoon, which imply a more marked slowdown in the American economy.
“The equity markets seem to be positioned on a scenario of a near peak rate, a disappearance of inflation and a recession”, estimate the strategists of Societe Generale, referring to the American markets.
On the oil market, WTI stood at .15 (-1.17%) and Brent at .97 (-0.14%).
The dollar was up 0.04% against a basket of currencies a few minutes after the close of Wall Street, while the euro stood at 1.0915 dollars (-0.06%).
On the bond market, ten-year paper [US10YT=RR] fell -5.2 basis points to settle at 3.7169%. Its five-year counterpart fell 5.1 basis points to 3.9423%.
(Redaction of Paris)
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