April 11 (Reuters) – The New York Stock Exchange ended lower on Monday amid jitters as government bond yields rose on fears the major central banks might accelerate monetary policy tightening .
The Dow Jones index fell 1.19%, or 413.04 points, to 34,308.08 points.
The broader S&P-500 lost 75.45 points, or 1.68%, to 4,412.83 points.
The Nasdaq Composite fell for its part by 299.04 points (-2.18%) to 13,411.96 points.
On the oil market, WTI stood at $94.93 (-3.39%) and Brent at $99.06 (-3.60%).
Rising prices and central bank policies remain at the heart of investors’ concerns at the start of the week. The U.S. consumer price index due on Tuesday is expected to come in at 8.4% year on year in March, further increasing pressure on the Federal Reserve to try to control rising inflation .
Economists polled by Reuters believe the Fed is likely to announce two consecutive half-point rate hikes in May and then June, which could jeopardize growth in the world’s largest economy.
In values, Nvidia lost 5.20% after Baird’s recommendation was lowered from “outperform” to “neutral”.
Against the trend, Twitter, gained 1.67% after the about-face of Elon Musk who decided not to join the board of directors of the social network.
The dollar rose by 0.18% against a basket of currencies a few minutes after the close of Wall Street, while the euro stood at 1.0881 dollar (+0.05%).
On the bond market, the ten-year paper took 6.3 basis points to settle at 2.7782%. Its five-year counterpart rose 2.9 basis points to 2.7864%.