WALL STREET FINISHES IN VERY SHARP DROP, THE INCREASE IN YIELDS CONCERNED
PARIS (Archyde.com) – The New York Stock Exchange ended sharply lower on Monday amid concerns over rising bond yields and concerns over inflation and central bank policy tightening.
The Dow Jones index fell 1.99%, or 653.67 points, to 32,245.7 points.
The broader S&P-500 fell 132.08 points, or 3.20%, to 3,991.26 points, hitting a session low since April 2021 and ending below 4,000 points for the first time since March 31. 2021.
The Nasdaq Composite fell for its part by 521.41 points (-4.29%) to 11,623.25 points.
The drop in the equity markets affected all sectors, as evidenced by the drop in the 11 S&P compartments.
In values, we note in particular the decline of Apple, which lost 3.08%, contributing significantly to the declines recorded by the Nasdaq and the S&P 500.
On the oil market, WTI stood at $102.73 (-6.41%) and Brent at $105.53 (-6.11%).
The dollar was up 0.04% once morest a basket of currencies a few minutes following the close of Wall Street, while the euro stood at 1.0558 dollars (+0.07%).
On the bond market, ten-year paper [US10YT=RR] fell 8.6 basis points to 3.0377% following hitting its highest level in session since November 2018. Its five-year counterpart [US10YT=RR]fell 9.5 basis points to 2.9506%.
* The reminder of the session in Europe: [.EUFR]
* TO BE FOLLOWED ON TUESDAY:
(Nicolas Delam)
