PARIS (Reuters) – The New York Stock Exchange is receding on Tuesday at the opening, investors preparing for new commercial policy announcements in the coming days, while indicators are expected during the session.
In the first exchanges, the Dow Jones index declines 153.92 points, or 0.37% to 41,847.84 points and the Standard & Poor’s 500, wider, fell from 0.34% to 5.592.8 points.
The Nasdaq Composite decreases from 70.81 points, or 0.41% to 17,228.479 points.
Caution is to be put before April 2, “Liberation Day” which must mark the announcement of new “reciprocal” customs rights against the trade partners with which the United States displayed its most important deficits.
The form and extent of these new customs duties remain unknown, as is the margin of negotiation that the White House will leave to its business partners.
According to the Washington Post, which quotes a White House working document, the majority of American imports would be imposed on customs duties of approximately 20%, which would make it possible to finance massive tax cuts.
The ISM activity indicator in the manufacturing sector will also be published during the session and will give more elements on how the industry reacts to the uncertainty caused by the American administration.
The investigation into job creations (JOLT) for February is also expected during the session.
In values, Johnson & Johnson fell by 3.6%, an American judge who rejected the proposal at $ 10 billion in the group aimed at ending the proceedings alleging that his baby powder and other Talc -based products cause ovarian cancer.
(Written by Corentin Chappron, edited by Blandine Hénault)
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