PARIS (Reuters) – American stock markets opened lower on Tuesday in a wait-and-see environment, before the publication on Wednesday of the minutes of the Federal Reserve’s latest monetary policy meeting and Nvidia’s quarterly results.
In early trading, the Dow Jones index lost 78.00 points, or 0.20% to 38,549.99 points and the broader Standard & Poor’s 500 fell 0.39% to 4,986.09 points. The Nasdaq Composite lost 0.61% or 95.81 points, to 15,679.843.
The American markets were closed on Monday, on the occasion of “President’s Day”.
Corporate news should liven up trading, in the absence of major economic declarations or indicators. The markets will nevertheless be attentive to the “minutes” of the latest Fed meeting, expected Wednesday at 7:00 p.m. GMT.
Several indicators published last week showed that price pressures remained high, and the report will help clarify the central bank’s positioning.
Nvidia’s quarterly results will also be eagerly awaited, while the group was one of the main contributors to the performance of American risky assets in 2024.
In stocks, the American bank Capital One lost 4.7% after announcing on Monday a plan to buy the credit card company Discover Financial Services in an all-stock transaction valued at $35.3 billion. . Discover takes 10.8%.
Walmart gained 5.9% as the group reported a forecast for consolidated net sales for 2025 that was higher than expectations and raised its annual dividend by 9%, the largest increase in more than ten years.
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(Written by Corentin Chappron, edited by Kate Entringer)
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