Wall Street ends sharply, new fears about the economy

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WALL STREET ENDS LOWER

PARIS (Reuters) – The New York Stock Exchange ended down 1.92% on Wednesday, penalized by renewed concerns about the state of the US economy and lack of progress in Congress on strengthening activity support.

The Dow Jones index lost 525.05 points to 26,763.13.

The larger S & P-500 lost 78.65 points, or -2.37%, to 3,236.92.

The Nasdaq Composite, for its part, fell 330.65 points (-3.02%) to 10,632.99. points.

Growth in private sector activity in the United States slowed in September, suggesting that the world’s largest economy is losing momentum at the end of the third quarter as the health risk persists.

At the same time, the heavyweights of high technologies and online services such as Apple (-4.19%), Salesforce (-4.76%), Amazon (-4.13%), Alphabet (-3.48%) or Netflix (-4.19%) once again showed spectacular declines, confirming the correction observed in recent weeks.

Tesla fell for its part by -10.34%, the long-awaited presentations of the group on its strategy in the batteries having disappointed many observers.

Against the trend, Nike jumped 8.76%, the day after the presentation of better than expected results and strong forecasts.

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