Traders on the New York Stock Exchange, on February 12, 2018 (Photo: Drew Angerer. Getty)
The New York stock Exchange, weakened late in the session by comments from the u.s. central bank confirming its willingness to continue the gradual rise in interest rates, has finished in the red Wednesday.
Its index feature, the Dow Jones Industrial Average, has lost 0,67%, to 24.797,78 points.
The Nasdaq, in high coloring technology, has yielded 0.22 per cent, to 7.218,23 points.
The expanded index S&P 500 fell 0.55% to 2.701,33 points.
The three indexes were in the green prior to the release of the minutes of the last meeting of the monetary policy committee of the federal Reserve (FOMC).
In this document, its members feel that the growth of the u.s. economy, boosted short-term, the tax cuts of the administration Trump, might require a rise a little faster than originally planned of its interest rates. The central bank’s forecast so far on the three increases in interest rates this year after three already in the past year.
Some of the participants, minority, doubted, however, even of the acceleration of inflation.
These comments “are not new, but are a confirmation,” said Art Hogan from Wunderlich Securities to which the minutes laid the groundwork for the first rate hikes at the next FOMC meeting in march. “And this confirmation infuse gently on the debt market.”
All the more that since the last meeting of the FMOC at the end of January a number of indicators have reflected some acceleration of inflation, whether rising hourly wages or rising prices to the consumer.
The rate ten-year loan of the United States has risen to 2.95% during the trading session, its highest level since 2014, and revived fears of seeing inflation weigh on growth.
To 21H40 GMT, it was at 2,947%, compared to 2,890% on Tuesday night. The Treasury bills to 30 years were 3,230%, compared to 3,153% the day before.
– Walmart (NYSE:WMT) in a very bad position –
After the downfall of the indices in the beginning of the month, and climb just as fast, “we are still in a phase of turmoil, adjustment techniques,” said Mr. Hogan. “This volatility will become the norm, not the exception”, he advanced.
The only major indicator of the day proved disappointing: the re-sales of homes in the United States fell in January while analysts were hoping for a slight rise.
On the side of values, the pharmaceutical company Merck (NYSE:MRK) declined 0.78%, to a 54.55 dollars after the announcement of the repurchase for nearly $ 400 million to the australian company, specializing in the treatment of cancers by immunotherapy, Viralytics.
The company loans between special Lending Club has declined 5.57% to $ 3.90 after we have given disappointing results.
The semiconductor manufacturer Qualcomm (NASDAQ:QCOM) has declined from 0.92% 63,40 dollars, while its competitor Broadcom (NASDAQ:AVGO) (-0,40% to 248,62 dollars), who covets her, has reduced on Wednesday its offer, putting pressure on the shareholders.
The retail giant Walmart, which has saved Tuesday, its worst fall of the stock Exchange in 30 years, retreating more than 10%, was once again the red lantern in the Dow Jones on Wednesday (-2,75% to 91,52 dollars). Investors are concerned about, among other difficulties the group to accelerate its online sales.
The specialist of internet commerce Amazon (NASDAQ:AMZN) has taken 0,99% to 1.482, $ 92.