Trader au New York Stock Exchange (NYSE) le 26 novembre 2024. ( AFP / TIMOTHY A. CLARY )
The New York Stock Exchange was trading in the red on Tuesday morning, after opening slightly higher, without much enthusiasm, still contained by the uncertainties surrounding the announced return of Donald Trump to the White House.
Around 3:15 p.m. GMT, the Dow Jones dropped 0.18%, the Nasdaq index lost 1.01% and the broader S&P 500 index, 0.53%.
“There is not much conviction after the rebound at the opening the day before faded as the day progressed,” Patrick O’Hare of Briefing.com observed in a note.
“Investors are waiting for the next bullish catalyst,” Adam Sarhan of 50 Park Investments commented to AFP.
In addition, “the market is holding its breath and waiting to discover” the “measures that will really be” put in place by Donald Trump after his inauguration on January 20, according to the analyst.
Investors remain cautious after a denial from Donald Trump on Monday on customs tariffs, following information from the Washington Post.
Relying on three sources close to the matter, the newspaper argued that the increases in import customs duties, announced by Mr. Trump during his electoral campaign, would concern all countries, but would be applied only to certain sectors. sensitive, for example related to national security.
“It’s false,” the president-elect denied on his Truth Social network.
“There is a lot of speculation about (the measures)” which will be deployed by Donlad Trump, “but the market would like to know what these policies will actually be,” underlined Mr. Sarhan.
“At the moment we find ourselves in a situation where there is a lot of unknown, while the markets like certainty,” he added.
Especially since Donald Trump’s measures, some of them considered inflationary, could have an influence on the posture favored by the American Central Bank (Fed) on its future rate cuts, recalls the analyst.
In terms of indicators, in addition to the trade balance, investors kept an eye on the PMI index from the ISM institute, which highlighted a rebound in activity in the services sector in December.
On the bond market, the yield on 10-year US government bonds rose significantly to 4.68%, compared to 4.61% at Monday’s close.
Elsewhere, on the stock market, the semiconductor sector moved in a dispersed order after having increased on Monday: Nvidia lost 2.03% after a record Monday closing, and Broadcom dropped 2.73%. Micron gained 5.87% and Intel 0.60%.
Meta (Facebook, Instagram, WhatsApp) was sanctioned (-2.22%) after its founder and boss Mark Zuckerberg announced on Tuesday that he was ending his fact-checking program in the United States, a major setback in his moderation policy. contents.
“We will get rid of fact-checkers and replace them with community ratings, similar to X (formerly Twitter), starting with the United States,” Mr. Zuckerberg said in a message on social networks.
Vaccine manufacturer Moderna was gaining speed (+10.10%) amid concerns about avian flu.
A first human death linked to avian flu has indeed been recorded in the United States, Louisiana health authorities announced on Monday, specifying that it was an elderly patient who suffered from other pathologies.
The Getty Images agency (+24.51%) and the Shutterstock image bank (+21.94%) were propelled after the announcement of their merger to create a giant in the visual content sector.
With this operation, the companies intend to pool their gigantic image platforms, while achieving savings of around $150 to $200 million over three years after the merger is finalized. The company will be valued at approximately $3.7 billion, according to the release.
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