The New York stock Exchange ended sharply in the red on Friday, on the defensive in the face of corporate results in half-tint, and the threat of new u.s. sanctions against China.
Its index feature, the Dow Jones Industrial Average, declined from 2.55 % to 23 723,69 points, and the Nasdaq, to the strong staining technology, from 3.20% to 8604,95 points.
The expanded index S&P 500, which represents 500 largest companies of Wall Street, has disposed of 2,81 % to 2830,71 points.
“The market was in need of a little break anyway, this is not a big problem,” notes Karl Haeling of LBBW.
On the set of April, the Dow Jones has appreciated by 11.1 % and the S&P 500 of 12.7 %, both indices recording the passage their best monthly performance since 1987.
The Nasdaq has increased by 15.4 %, its best month since 2000.
On the week, the Dow Jones and the S&P 500, however, were down 0.2 % and the Nasdaq 0.3 %.
On Friday, market players digéraient the quarterly of several big names of the rating, of which Amazon (-7,60 %), which has warned that it would spend the $ 4 billion of operating profit forecast this quarter to invest in the management of the crisis, and Apple (-1,61 %) who did not want to give forecasts for the current quarter.
The us president, Donald Trump has also rekindled the flame of the trade war with China by saying consider punitive taxes against Beijing after having seen elements luafaisant think that the new coronavirus is from a chinese laboratory in Wuhan.
“It seems incredible that he chooses to leave now at the front, given the state of the economy, but Mr. Trump seems to want to put the attacks against China at the centre of its new campaign,” remarks Mr. Haeling.
“The market downturn is not so much linked to the disappointments generated by the various ad companies) that the finding that their actions, as well as many others, have gone too fast too strong “, for its part, considers Patrick O’hare of Briefing.
The S&P 500 has appreciated 35 % since march 23, while the indicators reflect the one after the other, the severity of the economic shock caused by the pandemic COVID-19 and the restrictions imposed to curb its spread, says the specialist.
With the gradual lifting of the containment measures, “we will now enter into the heart of the recovery, and the hopes of restarting are going to be confronted with the harsh reality of the ground,” he says. “Investors will adjust their risk-based and we will probably see more resistance. “