PARIS (Reuters) – The New York Stock Exchange opened on a mixed note on Wednesday, with operators remaining cautious before the publication of the minutes of the Federal Reserve’s latest monetary policy meeting and that of Nvidia’s quarterly results.
In early trading, the Dow Jones index lost 59.48 points, or 0.15%, to 39,813.51 points and the broader Standard & Poor’s 500 fell 0.09% to 5,316.47 points. The Nasdaq Composite takes 0.06%, or 9.99 points, to 16,842.616.
The Fed’s “minutes” will allow investors to better appreciate the content of the debates that animate those responsible for American monetary policy, while the United States economy remains robust despite persistent inflation.
Operators fear that rates will be kept at restrictive levels for longer than expected and markets could suffer from a report that confirms these fears.
Another important meeting, Nvidia’s results, expected after Wall Street closes and which could have an impact on all American stocks.
The semiconductor manufacturer is the third largest capitalization in the S&P 500 and has been one of the main stocks to benefit from the rebound in risky assets since the end of 2023.
In terms of values, Target fell 10.12% after announcing like-for-like revenue and profit forecasts for the second quarter that were well below consensus.
(Written by Corentin Chappron, edited by Bertrand Boucey)
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