© Reuters. WALL STREET ENDS DOWN, FACEBOOK WEIGHS
NEW YORK (Reuters) – Wall Street returned during the session on Tuesday to finish lower his session cut short on the eve of the national holiday in u.s., compounded the technological and, in particular, Facebook (NASDAQ:FB), which has suffered from a twist in the scandal of the data.
The Dow Jones has lost 132,36 points, or 0.54% of, 24.174,82 points. The S&P-500, wider, lost 13,49 points, or 0.49 per cent, to 2.713,22. The Nasdaq Composite fell on his side of 65,01 points (-0,86%) 7.502,67 points.
Facebook has lost 2.35 per cent after the information according to which several us government agencies are now involved in the federal investigation opened in the wake of the data breach of millions of users of the social network by the company Cambridge Analytica. [L8N1TZ3X6]
The decrease in the title, as well as the 1.7% pullback in Apple (NASDAQ:AAPL) weighed on the S&P sector technology stock, which has lost 1,37%.
The values related to energy (+0.72 per cent) have retained their gains in spite of a reversal in the falling oil prices. The light crude from the usa had achieved in the beginning of the session the threshold of 75 dollars a barrel for the first time in more than three years, which has prompted some traders to take their profits before the national holiday of July 4th. Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) gained, respectively, 0.59% and 0,39%, among the highest increases in the Dow.
On the front of the trade tensions, the time was the lull to three days of the entry into force of the announced customs duty us $ 34 billion (29 billion euros) of chinese products.
China, just, has sought Tuesday to reassure markets concerned about the rapid depreciation of the yuan (it lost 4% of its value against the dollar since the June 14): the people’s Bank of China (pbc) has ensured close monitoring of the evolution of money and promised to ensure its stability.
“In the short term, the fundamentals of companies are relatively strong and the economy is strong,” stresses Brant Houston, of CIBC Private Wealth Management.
“But the risk of a trade war creates a lot of uncertainties and many unknowns, as we will not have clarity on the situation, it is difficult for investors to return in force on the stock market.”
Tesla (NASDAQ:TSLA) has dropped of 7.23%, confirming that, after the 1.3% drop suffered Monday, as the crossing back from the brink of the threshold of 5,000 Model 3 produced per week just to reassure.
General Motors (NYSE:GM) and Ford (NYSE:F) Motor have lost respectively of 1.34% and 0.99%, despite the announcement of a slight increase of their sales in the month of June.
Micron (NASDAQ:MU) has lost 5,51%. Its competitor Taiwan, United Microelectronics, said that the chinese authorities had ruled in his favour and banned temporarily for Micron to sell its chips in China. The american group has made it known that he had not yet received the order.
The dollar, he gives up 0.44 per cent opposite a basket of reference currencies, with investors taking their profits before the national holiday on Wednesday, and then Thursday’s release of the minutes of the last meeting of the federal Reserve.
(Noel Randewich, Marc Angrand and Juliette Rouillon for the French service)