The New York Stock Exchange opened lower on Tuesday, timid after the long weekend for Labor Day and cautious before the publication on Friday of a decisive report on employment in the United States.
Following the long weekend for Labor Day, the three main stock market indexes on Wall Street are falling. Investors are therefore in “cautious” mode awaiting the publication of the latest earnings report on Friday. a decisive report on employment in the United States.
In this context, the Dow Jones index lost 1.1%, the Nasdaq technology index 2.1% and the broader S&P 500 index 1.4%.
“While September is traditionally a bad month for stocks, that may not be the case this year,” said Patrick O’Hare of Briefing.com.
“Right now the market is taking the sessions one at a time, and sees an economy that continues to grow, positive corporate results and rates that will go down.“, argument.
How Wall Street closed August
The New York Stock Exchange ended higher on Friday, boosted by positive inflation data in the United States and good corporate results.
Wall Street, however, had a volatile day, typical of the end of the month, with a green opening, negative moments, and a last-minute rise.
Inflation remained stable in July in the United States, at 2.5% in the 12-month measurement, and There are growing prospects that the Federal Reserve (Fed, central bank) will cut its interest rates in mid-September.
Source: Ambito
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