The New York Stock Exchange opened lower on Tuesday, observing a pause after new records the day before thanks to the announced return of Donald Trump to the White House.
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Around 3:20 p.m. GMT, the Dow Jones fell 0.18%, the Nasdaq index 0.04% and the broader S&P 500 index 0.09%.
The market has “experienced considerable increases in a fairly short period of time (…) Today is a bit of a day of consolidation”, noted Steve Sosnick of Interactive Brokers to AFP.
“Market sentiment has not changed this morning, it remains positive,” he nevertheless stressed.
The day before, Wall Street’s three star indices were once again propelled to new closing records thanks to Donald Trump’s victory in the presidential election and the increasingly likely prospect of total control of Congress American by the Republican camp.
“Today, we are seeing profit taking,” said Mr. Sosnick.
Catapulted the day before at the same time as Bitcoin and supported by the prospects of easing of regulations promised by Donald Trump, certain cryptocurrency players such as Coinbase (-0.91%) or Riot Platforms (-6.41%) were evolving in red Tuesday morning.
Tesla was also reversing course. Elon Musk’s group, a big supporter of Donald Trump during his campaign, fell by 2.46%.
Large technology caps gained ground: Nvidia (+1.52%), Apple (+0.07%), Microsoft (+0.26%), Salesforce (+0.80%) and Adobe (+1.96%) %) were all in the green.
Investors will keep an eye on the comments of several officials of the American Federal Reserve (Fed) on Tuesday and patiently await the publication of the CPI consumer price index on Wednesday.
The PPI producer price index will be published on Thursday, then that of retail sales and industrial production on Friday.
On the bond market – closed the day before due to a public holiday (Veterans Day) – the yield on 10-year US government bonds stood at 4.36% compared to 4.30% at the close on Friday.
“If yields continue to rise, that could put a damper on stock market optimism,” Sosnick observed.
Tuesday morning, the American market reacted with enthusiasm to a new flurry of corporate results.
The Shopify e-commerce platform soared (+25.45%) thanks to third-quarter results which far exceeded analysts’ expectations.
The DIY store chain Home Depot advanced (+0.50%) after publishing better-than-expected third-quarter results on Tuesday, thanks to a more favorable climate for DIY and outdoor activities, but also to purchases linked to hurricanes. .
Concert organizer Live Nation stood out (+4.32%) after publishing better than expected profits, helped by the rise in concert ticket prices.
