PARIS (Reuters) – The New York Stock Exchange opened on Thursday on a mixed note with an avalanche of contrasting results while the hope of a trade agreement between the European Union and the United States offers some support.

In the first exchanges, the Dow Jones index loses 314.67 points, or 0.70%, at 44,695.62 points.

The Standard & Poor’s 500, larger, increased by 11.91 points, or 0.19%, to 6,370.82 points.

The Nasdaq Composite takes 80.58 points, or 0.38%, at 21,100.59 points.

Investors continue to monitor negotiations on world trade after the agreement between the United States and Japan, while a customs duties of 15% on European exports to the United States seems to be emerging.

“An agreement on customs duties between the United States and Japan has strengthened market confidence in the fact that the worst of the World Trade Conflict could be completed, which confirms the hope of an agreement with the European Union,” said Mark Haefele, director of investments at UBS Global Wealth Management.

The S&P 500 and the NASDAQ reached closing records on Wednesday after information that a commercial agreement was imminent between Washington and the EU. The European Commission itself said on Wednesday that its priority was to reach an agreement, even if diplomatic sources reported to Reuters that the twenty-seven had approved a set of retaliatory commercial measures on Thursday, up to 93 billion euros, in the event of the absence of agreement.

Beyond customs duties, investors digest mastodon publications such as Tesla (-8.90%), IBM (-8.79%) and alphabet (+2.27%). Air carriers like American Airlines (-8.39%) or Southwest Airlines (-9.13%) also presented their financial accounts. Honeywell fell by 5.9% after its second quarter results, while United Health abandons 3.87%, the two values pressure on the Dow Jones index.

(Written by Claude Chendjou, edited by Kate Entringer)

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