(Reuters) – The New York Stock Exchange opened sharply lower on Monday, put under pressure by bond yields while the session promises to be very calm again.
In early trading, the Dow Jones index lost 453.59 points, or 1.06%, to 42,538.62 points and the broader Standard & Poor’s 500 fell 1.17% to 5,901.21 points.
The Nasdaq Composite lost 1.37%, or 270.15 points, to 19,451.88 points.
The rise in Treasury bond yields, caused largely by speculation surrounding the monetary policy that Donald Trump will adopt after he takes office on January 20, is putting considerable pressure on US stock markets.
If the period between the end of December and the beginning of January has historically been favorable to the S&P 500, which has gained on average 1.3% over these few days since 1969, this year seems to take on a completely different color.
According to analysts, this may be due to the fact that the main American indices have already inflated throughout the year amid enthusiasm for generative artificial intelligence and technology in general. The S&P is on track to end the year up more than 20% for the second time in a row.
The session will also likely be marked once again by very low liquidity, with most operators not yet having returned after the holiday period.
In values, large caps are weakening, weighed down by the rise in bond yields. Meta, Nvidia and Tesla, in particular, each lost between 1.67% and 2.41%.
Boeing loses 4.95% after a 737-800 crashed on Sunday while landing at Muan airport in South Korea, killing 179 people.
*For values ​​to track, click
(Written by Pauline Foret, edited by Augustin Turpin)
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