Wall Street ends a shortened session down

Wall Street ended lower on Tuesday, in a low-volume session cut short by the US Independence Day celebrations, with markets expected to reopen only on Thursday.

According to the final results at closing, its flagship index, the Dow Jones Industrial Average, lost 0.54% to 24,174.82 points.

Nasdaq, with a strong technology component, dropped 0.86% to 7,502.67 points.

The expanded S & P 500 index dropped 0.49% to 2,713.22 points.

These three indices ended a series of three consecutive sessions of increase.

"The market has given up gains acquired earlier on Tuesday due to lower oil prices," said Peter Cardillo of Spartan Capital.

The price of US crude oil crossed the $ 75 per barrel mark for the first time since the end of 2014 before declining sharply and weighing on the earnings of energy companies.

More generally, the low volumes observed on Tuesday due to the shortened session favored "rapid changes of direction" on Wall Street, Cardillo added.

Rather favorable economic indicators did not stop the indexes from retreating: industrial orders rebounded in May, contradicting badysts' forecasts, according to Commerce Department figures.

Car sales in the United States remained in the first half, the first American manufacturer, General Motors (-1.34%) recording a 4.2% increase in sales, Ford (- 0.99%) slight erosion (-1.8%) and FCA US (Fiat-Chrysler, -1.00%) an increase of 5%.

The markets will be closed Wednesday, holiday because of the celebration of American independence.

They will reopen only on Thursday during a session where the minutes of the last meeting of the Central American Bank (Fed) will be scrutinized by brokers, this meeting having resulted in a rise in interest rates of quarter point.

Investors also wait Friday for the traditional monthly report on US employment, unemployment and wages that will give them an additional indication of the state of the US economy.

"Wage growth, which the market is eagerly awaiting, will be scrutinized again and could show signs of recovery as early as this month," Cardillo said.

The bond market was moving forward: the yield on the 10-year US debt dropped to 17:20 GMT to 2,834% against 2,871% Monday night, and the 30-year to 2.962% against 2.993% at the previous closing.