PARIS (Reuters) – The New York Stock Exchange opened without direction on Tuesday, with investors positioning themselves cautiously in the midst of quarterly results.
In early trading, the Dow Jones index lost 95.57 points, or 0.22% to 42,969.24 points and the broader Standard & Poor’s 500 rose 0.04% to 5,862.44 points. The Nasdaq Composite takes 0.08% or 14.92 points, to 18,517.607.
Several large American companies will publish their results in the coming days, including Morgan Stanley, American Airlines and Netflix.
On Tuesday, Goldman Sachs, UnitedHealth, Bank of America, Citigroup and Johnson & Johnson published their quarterly accounts.
More broadly, around thirty S&P 500 companies have already published their results, and observers believe that expectations of monetary easing have benefited the real economy.
“We are seeing encouraging indications of an easing of rate pressure, which is benefiting the most sensitive sectors of the economy, leading to an increase in credit production, mortgage applications and loan activity. refinancing”, summarize Bank of America analysts.
Furthermore, the “Empire State” activity index published on Tuesday fell more sharply than expected in October, reviving fears about the weakness of the industry.
In values, Bank of America gained 2.3% after reporting on Tuesday a decline in its third quarter profit.
Goldman Sachs jumped 3.3% after reporting a 45% jump in its total profit in the third quarter.
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(Written by Corentin Chappron, edited by Blandine Hénault)
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