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Wall Street, pending publication this week of big-name results of the rating, ended without direction on Monday, backed by banks in favor of a high interest rate pressure on debt
According to the final results at closing, the leading New York index, the Dow Jones Industrial Average, dropped 0.06% to 25,044.29 points.
The Nasdaq, at strong technological coloration, gained 0.28%, to 7.841,87 points.
The expanded S & P 500 index took 0.18% to 2,806.98 points.
"This is the calm before the storm of the earnings season, "said David Levy of Republic Wealth Advisors, observing that this week and the next would be" the two most loaded "in terms of second quarter results.
Alphabet (parent company of Google) , General Motors, Facebook, Starbucks, Chevron, Fiat Chrysler … Many Large Groups Listed on Wall Street Publish this week their accounts. These are all the more expected as the average earnings per share of companies that have already disclosed their results proved to be higher than expected.
Before these figures, the market was able to benefit from a banking sector in great shape with the increases of Bank of America (+ 2.06%), JPMorgan Chase (+ 1.86%) or Citigroup (+ 1.43%) among others.
These groups benefited from a strong tension on the bond market as the ten-year US debt rate has risen to a higher level for more than a month.
Higher rates boost revenues of large US banks.
At around 8:40 pm GMT, the The 10-year rate rose to 2.961%, from 2.893% on Friday at the close, and the 30-year rate to 3.094% from 3.026% at the end of last week.
"This is a reflection of a strain on Japanese rates as well as good macroeconomic figures in the United States lately, "observed Peter Cardillo of Spartan C
– The automobile suffers –
The markets were however weighed Monday by controversial comments of the American president Donald Trump after this one openly criticized at the end of last week the policy of rate increase of the US Central Bank (Fed) and alleged manipulation of currencies on the part of Europe and China
After warlike comments by Iranian President Hbadan Rohani, Donald Trump warned Tehran on Monday of "never again threatening the United States "on pain of" consequences such as few in history have known. "
Among the values of the day, the title listed in New York Fiat Chrysler (FCA) was heckled ( -1.76% to 18.98 dollars) after the departure of his emblematic boss Sergio Marchionne for serious illness, and the resignation of his head for Europe, the Middle East and Africa (Emea), Alfredo Altavilla.
The boss of the mark Jeep, Mike Manley, takes the lead in the automobile group
Ferrari, also run by Mr. Marchionne so far, has dropped 2.51% to $ 136.49.
Louis Camilleri, former boss of Philip Morris (-1.29% to 83.22 dollars), becomes managing director of Ferrari, of which John Elkann, president of FCA and grandson of Umberto Agnelli, takes the presidency.
Also in the automotive sector , the manufacturer of high-end electric vehicles Tesla has declined significantly (-3.31% to 303.20 dollars). The company headed by Elon Musk has confirmed to AFP that he has asked suppliers to pay him back part of the money paid for past contracts.
The group specializing in Hasbro toys has jumped 12.89% in $ 106.04 after the publication of earnings per share above expectations for the second quarter of 2018.
Oil services company Halliburton plunged (-8.10% to 41.54 dollars) despite a quarterly net profit in line with badysts' expectations. Investors have digested poorly the comments of the group on a reduction in the activity of some of its customers in the oil region of the Permian Basin in the United States.
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NYSE
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