(Reuters) – The New York Stock Exchange opened on Tuesday, moving away from records reached the day before as investors focus on trade negotiations and the vote of the US government’s budget bill, which begins its second consecutive day of exam in the Senate.
In the first exchanges, the Dow Jones index loses 72.82 points, or 0.17%, at 44,021.95 points and the Standard & Poor’s 500, wider, fell from 0.29% to 6,187.21 points.
The Nasdaq Composite gives way 0.41%, or 83.13 points, to 20,286.60 points.
While hopes for new trade agreements and rate drops have stimulated feeling in recent days, allowing S&P 500 and Nasdaq Composite to record closing records on Monday, investors are less inclined to take risks on Tuesday.
American senators are still voting on a potentially long list of amendments to President Donald Trump’s budget bill, who could increase the debt by 3.300 billion dollars and divides the republican party.
American customs duties and their impact on growth also resurfaces and also encourage caution, while the deadline of July 9 so that countries reach an agreement with the United States is fast approaching.
The figures on the manufacturing activity in June, the data on job offers in May and the comments of the president of the Federal Reserve (Fed), Jerome Powell, during the forum of the European Central Bank (ECB), expected later in the day, will also be scrutinized in search of indices on the prospects of American monetary policy.
The American bank Goldman Sachs now provides three reduction in the Fed rates this year, citing a less strong than expected effect of customs duties and the weakness of the labor market.
The employment report for June, expected Thursday, could further strengthen the arguments in favor of a reduction in borrowing costs.
To values, Tesla is receding more than 7% after the American president suggested on Tuesday that the Department of Government Effectiveness (DOGE) examines the subsidies received by the companies held by Elon Musk, Managing Director of the Group, a sign of a renewed tensions between the two former allies.
Warner Bros Discovery lost 4.4%, an investor having sold 100 million shares to $ 10.97 each, which represents a discount of approximately 4% compared to the last fence.
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(Written by Diana Mandiá, edited by Blandine Hénault)
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