PARIS (Reuters) – The New York Stock Exchange opened lower on Thursday, with investors still worried about the outlook for rates despite encouraging data and a rebound in bond securities.
In early trading, the Dow Jones index lost 362.36 points, or 0.94% to 38,079.18 points and the broader Standard & Poor’s 500 fell 0.29% to 5,251.76 points.
The Nasdaq Composite lost 0.24% or 40.39 points, to 16,880.189.
Markets are still worried about the outlook for monetary policy, despite an increase in new jobless claims and US growth revised downward for the first quarter.
Conversely, bond yields are in sharp decline, with the 10-year yield dropping 6 basis points to 4.56%.
However, caution should continue to weigh on trade before Friday’s publication of the PCE inflation indicator for May, essential to the conduct of American monetary policy.
Investors are betting on 35 basis points of easing in 2024, i.e. a certain decline and another possible one.
In terms of values, Salesforce fell 18.0% after reporting annual forecasts lower than analysts’ expectations, and publishing disappointing first quarter results.
Tesla is up 1.29% as the company prepares to register its self-driving software with Chinese authorities.
*For values ​​to track, click
(Written by Corentin Chappron, edited by Kate Entringer)
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