PARIS (Reuters) – U.S. indexes fell on Wall Street on Tuesday after Chinese trade figures disappointed investors and amid caution ahead of Thursday’s U.S. inflation report.
In early trading, the Dow Jones index lost 205.10 points, or 0.58% to 35,268.03 points and the broader Standard & Poor’s 500 fell 0.52% to 4,494.80 points. The Nasdaq Composite lost 0.84%, or 117.36 points, to 13,877.035.
Chinese imports showed a bigger than expected decline in July, falling 12.4% against a consensus forecast of 5.6%.
Investors are also awaiting the publication of US inflation on Thursday, which will make it possible to judge the future trajectory of US rates.
Investors are also worried about announcements from Moody’s, which lowered the credit rating of several medium-sized US banks citing growing risks to the sector’s profitability and warned that larger banks could also see their rating lowered.
On the values ​​side, the banking sector is down, Goldman Sachs dropping 1.18%, against a drop of 1.99% for Citigroup and 2.21% for Bank of America.
(Report Corentin Chapron)
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