MARCH-S-SYNTH-SE-6-WALL-STREET-FIN: Wall Street ends in the red its worst quarter since early 2020
par Stephen Culp
NEW YORK (Reuters) – The New York Stock Exchange ended lower Thursday for the last session of a quarter of tensions, especially in September, marked by concerns over the Delta variant of the coronavirus and fears of inflation .
One of the recent causes of concern for investors, however, dissipated during the meeting with the adoption by the US Congress of a new provisional budget law for the federal state, making it possible to narrowly avoid a ” shutdown “of administrations in the United States.
The Dow Jones index nevertheless lost 1.59%, or 546.8 points, to 33,843.92 points.
The larger S & P-500 lost 51.92 points, or 1.19%, to 4,307.54 points.
The Nasdaq Composite, with a strong technological component, fell by 63.86 points (-0.44%) to 14,448.58 points.
These three indices are recording their worst quarterly performance since the start of 2020, when the onset of the COVID-19 crisis suddenly crippled the global economy. The Dow even ended the July-September period in the red (-1.9%), like the Nasdaq (-0.38%), while the S & P-500 posted a modest gain of 0.23%.
September was particularly difficult with drops of 4.29% for the Dow, 4.76% for the S&P, after seven consecutive months of increases, and 5.31% for the Nasdaq. This is the worst month since March 2020 for these last two indices.
The macroeconomic indicators of the day did not help reassure investors, including an unexpected increase in jobless claims last week in the United States.
Market participants will be attentive on Friday to data on household spending, inflation and manufacturing activity to obtain new indications on the development of activity in the United States and its possible consequences on monetary policy. from the Federal Reserve.
(French version Bertrand Boucey)