NEW YORK (Reuters) – The New York Stock Exchange ended lower on Monday amid profit-taking after its recent rally and while awaiting the publication this week of inflation figures favored by the Federal Reserve.
Confirmation last week by the Fed of its intention to make three rate cuts this year pushed New York indices to record levels, which prompted investors to take a little breath on Monday.
The Dow Jones index fell 0.41%, or 162.26 points, to 39,313.64 points.
The broader S&P-500 lost 15.99 points, or 0.31%, to 5,218.19 points.
The Nasdaq Composite fell 44.35 points (-0.27%) to 16,384.47 points.
The PCE price index, the Fed’s preferred measure of inflation, as well as fourth-quarter gross domestic product (GDP) figures will be released later this week as US markets are closed on Friday for the weekend. Easter.
In terms of values, Boeing gained 1.35% after the aircraft manufacturer announced the departure at the end of the year of its current general manager Dave Calhoun.
United Airlines fell 3.4% as the airline was placed under increased surveillance by the FAA, the US federal aviation authority, after a series of security incidents.
Intel and Advanced Micro Devices (AMD) also fell, respectively by 1.73% and 0.56%, as China plans to gradually ban the use of chips from American manufacturers from government computers and servers, according to the Financial Times.
(written by Stephen Culp, Tangi Salaün)
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