PARIS (Reuters) – The New York Stock Exchange fell at the opening on Tuesday in a context of caution before the publication of the minutes of the latest monetary policy meeting of the Federal Reserve, and before the publication of Nvidia’s quarterly results.
In early trading, the Dow Jones index lost 55.72 points, or 0.16% to 35,095.32 points and the broader Standard & Poor’s 500 fell 0.24% to 4,536.48 points. The Nasdaq Composite lost 0.51% or 72.28 points, to 14,212.252.
Caution is winning over investors, after a week full of indicators.
The minutes of the Fed’s latest monetary policy meeting, which will be published at 7:00 p.m. GMT, could provide insight into the debates at the central bank as US inflation slows and the economy shows signs of of shortness of breath.
The publication of Nvidia’s quarterly results after the close adds to the circumspection: the group is one of the “magnificent seven”, the seven technology companies whose performance has supported American risky assets in 2023.
A disappointment in the group’s results or prospects could put pressure on shares.
In terms of values, Zoom Video Communications gained 4.98% after raising its annual turnover and profit forecasts on Monday.
(Written by Corentin Chappron, edited by Blandine Hénault)
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