(Reuters) – The New York Stock Exchange ended lower on Monday, with caution dominating the markets before a new burst of indicators this week and two highly anticipated interventions from the Chairman of the Federal Reserve, Jerome Powell.
The Dow Jones index fell 0.25%, or 97.55 points, to 38,989.83 points.
The broader S&P-500 lost 6.13 points, or 0.12%, to 5,130.95 points.
The Nasdaq Composite fell 67.43 points (-0.41%) to 16,207.51 points.
After having surfed in recent weeks on the craze for artificial intelligence, which has taken technological stocks to new heights, like again this Monday for Nvidia (+3.61%), investors are once again turning their attention attention to interest rates, the decline of which seems to recede with each publication of a new indicator testifying to the strength of the American economy.
The markets will dissect the ADP private employment figures and those from the JOLT survey on job openings on Wednesday, while the Labor Department will publish its monthly employment report on Friday, an essential indicator for gauging the resilience of the labor market.
In the meantime, Jerome Powell will have spoken twice, Wednesday before the House of Representatives and Thursday before the Senate, and each of the Fed Chairman’s words to Congress will be interpreted as a sign of the imminence, or not, of the start of monetary easing of the institution.
In terms of values, Apple lost 2.53% after being sentenced on Monday by the European Commission to an unprecedented fine of 1.84 billion euros for competition violations. The apple brand has announced that it will appeal.
Boeing gained 0.27% after the Federal Aviation Agency (FAA) said on Monday that it had detected several cases of alleged breaches of quality control requirements during its audit of the American aircraft manufacturer and its supplier. Spirit AeroSystems (+4.12%) on the production of the 737 MAX.
(Written by Sinéad Carew and Ankika Biswas, French version Tangi Salaün)
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