PARIS (Reuters) – American stock markets opened lower on Tuesday on Wall Street, the rise in bond yields continuing while the publication of key indicators calls for caution.
In early trading, the Dow Jones index lost 128.36 points, or 0.38% to 33,304.99 points and the broader Standard & Poor’s 500 fell 0.45% to 4,269.00 points. The Nasdaq Composite lost 0.59% or 79.05 points, to 13,228.719 points.
Yields on 10-year and 30-year bonds broke records since 2007 on Monday and Tuesday, after a financing agreement averted the risks of a US government shutdown and put an end to the risk aversion movement , who had supported the sovereigns before the agreement. Furthermore, several Fed officials insisted Monday on the need to maintain restrictive rates “for a while” in order to bring inflation under control.
Adding to market circumspection, new job openings for September (JOLTs) are due Tuesday at 2:00 p.m. GMT, followed by new jobless claims on Thursday, and the monthly jobs report on Friday, crucial for the policy trajectory. monetary.
The indicators will make it possible to gauge the persistence of tensions on the labor markets, which have become one of the main factors of inflation in the United States: labor markets more resilient than expected could justify further monetary tightening.
In terms of values, Airbnb lost 3.3% after Keybanc lowered its recommendation to “online performance”.
(Written by Corentin Chappron, edited by Jean-Stéphane Brosse)
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