The New York stock Exchange has finished the week sharply in the red on Friday, the surge in alarming cases of coronavirus in many States in the u.s. that creates a climate of uncertainty on the stock market.
Its index feature, the Dow Jones Industrial Average, fell of 2.83% to 25 015,55 points.
The Nasdaq, in high coloring technology, has lost 2.59% to 9757,22 points.
The expanded index S&P 500 has sold 2.42 per cent to 3009,05 points.
From Monday to Friday, the Dow Jones was down 3.3%, the Nasdaq 1.9% and the S&P 500 of 2.8%.
The market players are alarmed by the outbreak of contamination in the south and west of the United States in recent days.
In Texas, the governor ordered the closing of bars and in Florida, the authorities have announced that consumption of alcohol would now be banned on site in the bars, with immediate effect.
These measures are fear of many observers, a slowdown in the u.s. economic recovery, while the outlook is already grim.
“We approach the end of the second quarter and it is expected that the income (of the listed companies on the S&P 500, editor’s NOTE) fell to about 45%”, notes Sam Stovall, head of investment strategy at CFRA Research.
“Each sector is expected to show a decline compared to the same period last year with declines more marked for the sectors of energy, consumer goods, non-essential, and the industry,” says Mr. Stovall.
In the beginning of the meeting, the place new york has also reacted to announcements from the federal Reserve on Thursday evening, stemming from the stress tests of banking conducted by the institution.
The 34 largest banks in the United States are going to have to suspend their programs of share repurchases in the third quarter and limit the payment of dividends to the shareholders, decided the Fed.
The titles of JP Morgan Chase (-5,48%), Bank of America (-6,35%), Citigroup (-5,88%), Wells Fargo (-7,42%), Goldman Sachs (-8,65%) and Morgan Stanley (-3,57%) declined significantly.
The rank of the indicators, the expenditure of households in the United States have rebounded 8.2% in may compared to the previous month, a sign that the u.s. economy is slowly recovering from the economic slump caused by the pandemic Covid-19, according to data from the department of Labor.
Inflation has picked up in may at +0.1% when analysts expected it to remain unchanged. In April, consumer prices had dropped 0.5%.
The confidence of consumers in the United States has, for its part, is improved less strongly than expected in June in a context of a resurgence of the pandemic, according to the final estimate of the survey of the University of Michigan.
On the bond market, the rate on 10-year u.s. debt fell, reaching 0,6397% to 16.25 against 0,6856% on Thursday evening.