(Reuters) – The New York Stock Exchange ended lower on Monday as investors appeared risk averse amid the situation in Russia and the possibility of further rate hikes from the Federal Reserve.
The Dow Jones Industrial Average fell 0.04 percent, or 12.72 points, to 33,714.71 points.
The broader S&P-500 lost 19.51 points, or 0.45%, to 4,328.82 points.
The Nasdaq Composite fell for its part by 156.74 points (-1.16%) to 13,335.78 points.
While the consequences of the abortive mutiny of the paramilitary group Wagner on Saturday in Russia continue to fuel conversations, investors are also awaiting the publication this week of numerous economic data in the United States, including inflation and confidence indicators. University of Michigan, which will give the trend for the next few weeks.
They will also be attentive to statements by Federal Reserve Chairman Jerome Powell, who will speak at the Sintra forum organized by the European Central Bank (ECB).
“Traders have a hard time deciding whether to go on the offensive or keep a defensive posture so they keep one foot on either side of the line,” said Carol Schleif, chief investment officer at BMO in Minneapolis. “They don’t know how the market is going to turn out.”
In values, Pfizer fell 3.68% after announcing the halt of development of a drug against obesity and diabetes due to inconclusive clinical studies.
Alphabet, the parent company of Google (-3.26%), and Tesla (-6.06%) were heavily penalized by changes in recommendations, dragging the Nasdaq in their fall.
(Written by Sinéad Carew in New York, Sruthi Shankar and Johann M Cherian in Bangalore, Tangi Salaün)
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