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by Laetitia Volga
(Reuters) – The New York Stock Exchange opened Monday on a rather negative note as the results are still in the spotlight, pressure on technology stocks again driving the Nasdaq in the red
The Dow Jones index grabs 18.02 points, or 0.07%, to 25 469.08 points. The Standard & Poor's 500, wider, loses 0.2% to 2,813.07 points while the Nasdaq Composite yields 0.92% to 7,666.24 points.]
The fall of Facebook and Intel on Thursday after their results and that of Twitter on Friday continue to weigh on the Nasdaq and the technology compartment (-1.16%). The latter has lost more than 3.5% since Thursday.
Investors are now wondering about the growth prospects of a sector whose improvement has brought the markets to record levels.
In this context , the results of the giant Apple will be followed with attention Tuesday after the closing of the New York market.
Overall, the results of US companies remain strong. More than 82% of S & P-500 companies reporting quarterly results exceeded consensus.
Analysts expect 22.5% growth in S & P-500 corporate earnings, according to estimates by Thomson Reuters I / B / E / S, against 20.7% expected early in the month.
CATERPILLAR INCREASES AFTER ITS RESULTS
The title Caterpillar earns nearly 1%, allowing the Dow Jones to stay very slightly in positive territory, after announcing the increase of its profit forecast for the whole of the year.
On the other hand, Tyson Foods drops 5.4% after the announcement of a lowering of its annual profit forecast.
Caution is still required at two days of the Federal Reserve's (Fed) monetary policy meeting, which should keep rates unchanged and reaffirm the scenario of a gradual continuation of rate hikes.
time of Wall Street opening, the pan-European Stoxx 600 index loose 0.25%.
On the oil market, the barrel of Brent gains 1.2% and the American light crude (WTI, West Texas Intermediate) 2.37%., Allowing the index of energy values to increase by 0.98%.
(Edited by Wilfrid Exbrayat)
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