PARIS, June 27 (Reuters) – The New York Stock Exchange fell in early trading on Monday but erased only a small part of last week’s spectacular rebound, helped by the improving outlook for inflation and interest rates. ‘interest.
About ten minutes after the start of trading, the Dow Jones index lost 46.76 points, or 0.15%, to 31,453.92, the Standard & Poor’s 500 fell 0.3% to 3,899.98 and the Nasdaq Composite is down 0.6% at 11,538.52.
The latter regained 7.5% last week and the S&P 500 almost 6.5%, as investors revised their forecasts for inflation and therefore the tightening of the Federal Reserve’s monetary policy.
Some major high-tech stocks, however, suffered profit taking after the strong gains of previous sessions, like Salesforce, which dropped 2.32% after a jump of 13.9% last week.
Oil companies, on the other hand, benefit from speculation on possible new sanctions targeting Russia after the G7 summit: Chevron gains 1.31% and Exxon Mobil 1.61%.
In decline, the airline company Spirit Airlines fell by 6.67% after having recommended to its shareholders to accept the purchase offer from Frontier Group Holdings (-6.45%), to the detriment of that of JetBlue Airways (+ 0.87%).
(Written by Marc Angrand, edited by Sophie Louet)