PARIS (Reuters) – The New York Stock Exchange opened in disarray on Monday, investors digesting data on inflation in the United States published on Friday while Wall Street was closed.
In early trading, the Dow Jones index lost 153.57 points, or -0.39%, to 39,653.8 points while the broader Standard & Poor’s 500 rose 0.08% to 5,258.95 points. .
The Nasdaq Composite takes 0.51%, or 84.286 points, to 16,463.74 points.
The PCE consumer price index rose in February by 0.3% month-on-month and 2.5% year-on-year, while economists polled by Reuters had on average expected an increase of 0.4% year-on-year. one month and 2.5% year-on-year.
This easing of inflationary pressures encourages expectations of an upcoming cut in interest rates from the Federal Reserve, even if the rise in bond yields limits gains on equity indices.
The yield on ten-year Treasuries rose nine basis points on Monday, to 4.283%.
(Written by Blandine Hénault)
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