PARIS (Reuters) – The New York Stock Exchange opened lower on Wednesday in a context of stress in the bond compartment before the minutes of the American Federal Reserve (Fed) and important indicators planned for this week.
In early trading, the Dow Jones index lost 155.48 points, or 0.41%, to 37,559.56 points and the broader Standard & Poor’s 500 fell 0.49% to 4,719.43 points.
The Nasdaq Composite lost 0.57%, or 84.58 points, to 14,681.35.
Investors opted for profit-taking for the second session of 2024 after a euphoric end to 2023 which resulted in a jump of 24.2% for the S&P-500 index over the whole year. .
The publication at 7:00 p.m. GMT of the minutes of the Fed’s December 12 and 13 monetary policy meeting hardly encourages risk-taking, while the market is also awaiting the figures for manufacturing activity in the United States and the results of the Jolts survey on job offers, two new economic elements before the publication on Friday of the official report on American employment.
In values, the technology groups Nvidia, Apple and Tesla fell by 0.64% to 2.49% in the wake of the yield on ten-year Treasuries which increased by more than five points, to 4.0064%.
Values ​​linked to cryptoassets such as Coinbase Global, Riot Platforms, Marathon Digital, and Hut 8 Mining fell from 4.30% to 8.37%, with bitcoin falling 6.47% to $42,205.01 the day after its peak of 21 months.
(Writing by Claude Chendjou, edited by Kate Entringer)
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