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The New York Stock Exchange opened again in the red pending a report from the Fed, after a sharp decline the day before marked by a disappointing consumption indicator.
At 14:00 GMT, the Dow Jones index was down 0.27%. The high-tech Nasdaq was down 0.11%. The S&P 500 extended index was down 0.10%.
“The market is recovering from a poor performance but is showing little enthusiasm to take off again”, pointed out Patrick O’Hare of Briefing.com.
Investors were watching for the publication at 6:00 p.m. GMT of the Fed minutes, the minutes of the last monetary meeting at the end of July of the Central Bank for clues as to when the institution could start to reduce its monetary support.
Since the Monetary Committee of July 28, members of the Fed have shown growing support for the announcement in September of an upcoming easing of asset purchases.
Yields on 10-year Treasuries edged up to 1.27% from 1.26% the day before.
Tesla is on the rise again
Telephone operator T-Mobile rose 0.27% to $ 141 despite news of the theft of the private data of 7.8 million of its customers in a hack that affected the files of 40 million of its customers past and potential.
Despite good results in the second quarter, the title of the chain of Target stores lost 2.32% after having already dropped 2.90% the day before. Distributor stock has been one of the industry’s biggest winners during the recovery so far, rising 40% year-over-year.
Among the indicators, building activity was mixed in July, with new housing starts falling by 7%, the construction sector being heavily penalized by the now very high property prices. A positive sign, however, is that building permits issued have started to rise again, after three months of decline.
Tesla, whose title has been abused in recent sessions after an investigation by US authorities into its “autopilot” system involved in a dozen accidents, moved forward (+ 1.39% to 674.95 dollars).
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