Caution on Wall Street for the last session of the quarter By Reuters



PARIS (Reuters) – The New York stock Exchange has begun on a rising conservative on Tuesday the last meeting of the quarter is shaping up to be the best for the past 22 years for the flagship index Standard & Poor’s 500.

A few minutes after the start of trade, the latter is advancing 0.24% to 3.060,46 points, is practically stable at 25.587,81 and the takes 0.28% 9.902,26.

The displays for the moment, a rise of just over 18% throughout the second quarter, its best performance in three months since the fourth quarter of 1998, after a dramatic drop of 20% in the first three months of the year.

Investors remain cautious in the face of many signs of a resurgence of cases of infection by the coronavirus in the United States. On Monday, California and Texas, the two States the most densely populated countries, have registered each a record number of new cases.

This evolution of the epidemic could lead to new measures of containment in part of the country, with significant economic consequences.

In this context, the market will follow with attention, from 16: 30 GMT, the hearing in the House of representatives of Jerome Powell, the chairman of the federal Reserve, and Steven Mnuchin, the secretary of the Treasury. The latter is particularly awaited on the possibility of a new fiscal stimulus.

Values, Boeing (NYSE:) fell 4.23 per cent and weighed on the Dow Jones after the cancellation by the company Norwegian Air orders containing in a total of 97 aircraft.

The increase, the semiconductor manufacturer, Micron (NASDAQ:) Technology is gaining 6.05 per cent, the market is welcoming a forecast of sales for the current quarter above consensus.

In its wake, Intel (NASDAQ:) takes of 2.17%.

(Marc Angrand)

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