PARIS (Reuters) – The New York Stock Exchange fell on Wednesday in the first exchanges, under the influence of new signs of weakness of the activity in China and concerns related to the file of the federal debt.
A few minutes after the opening, the Dow Jones index lost 159.83 points, or 0.48%, to 32,882.95 points and the broader Standard & Poor’s 500 fell 0.43% to 4,187.27 points. .
The Nasdaq Composite lost 0.24%, or 31.451 points, to 12,985.975.
European and Asian equity markets are seeing red after the announcement of a further contraction in activity in the manufacturing sector in China in May.
On the political front, a vote on whether to pass the bill to suspend the US debt ceiling until January 1, 2025 is scheduled for later Wednesday in the House of Representatives.
A green light would send the text to the Senate, where the debate could extend until the weekend, when June 5 – the date from which, according to the Treasury, the federal government may no longer be able to make payments – looms.
“All signs point to the deal being done but there are headlines about opposition from some members of Congress,” said Joe Saluzzi, at Themis Trading. “Until the agreement is validated, there will be a little nervousness.”
The US session will be driven by the weekly job openings figures (JOLTS), ahead of Friday’s release of the monthly jobs report which could show how well the economy has held up to high interest rates and the inflation.
In values, the computer groups HP and Hewlett Packard Enterprise lost 5.48% and 8.60% respectively, after publishing quarterly sales figures below expectations.
American Airlines advanced 2.12% after raising its quarterly profit forecast on the back of lower jet fuel prices and strong demand.
(Shreyashi Sanyal, French version Laetitia Volga, edited by Blandine Hénault)
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