WALL STREET ENDED LOWER
par Echo Wang
(Archyde.com) – The New York Stock Exchange ended lower on Tuesday, as gains posted at the start of the session faded by the end of the day.
The Dow Jones index fell -0.69%, or 215.65 points, to 31,072.61 points.
The broader S&P-500 fell 32.31 points, or -0.84%, to 3,830.85 points.
The Nasdaq Composite fell for its part by 92.37 points (-0.81%) to 11,360.05 points.
After posting strong performances early in the session, as the results of Goldman Sachs and Bank of America were well received, the financials sector of the S&P-500 declined at the end of the day.
Worries over the pace of the Federal Reserve’s monetary tightening eased following some officials said they favored another 75 basis point interest rate hike last week at the bank’s monetary policy meeting. plant scheduled for next week.
“It’s very complicated to maintain bullish momentum,” said Ross Mayfield, strategist at Baird in Louisville, Kentucky. “And that’s kind of the story of bear markets.”
At stocks, Apple fell following Bloomberg reported that the company plans to slow growth in hiring and spending next year.
Goldman Sachs rose following posting second-quarter earnings that were down but above expectations.
(Avec la contribution de Shreyashi Sanyal, Bansari Mayur Kamdar et Sruthi Shankar; version française Camille Raynaud)
