Vall Street, cautious before the American elections

Vall Street ended the session in an unorganized Monday ahead of US mid-term elections, investors cautiously, abandoning technology actions for companies that are considered unchanged.

According to the final closing results, the leading Wall Street index, Dov Jones Industrial Average, gained 0.76% to 25,461.70 points.

The latest Nasdaq index lost 0.38% to 7,328.85 points.

The broader index S & P 500 dropped by 0.56% to 2,738.31 points.

In the absence of comprehensive information Monday, players in the market were beginning to scare off the week, awaiting Tuesday's vote in the mid-term parliamentary elections.

The most likely scenario after this vote, according to many investors, is the divided Congress, the majority remaining Republican in the Senate and the change of the Democratic Party to the House of Representatives.

It seems that this option "does not overly worry investors," said Sam Stovall of CFRA, adding that they had taken a "defensive" attitude. "Monday.

By measuring this political deadline, brokers have indeed made some cautious arbitrage, in particular by releasing shares in the technology sector to companies that are considered less volatile, such as banks, utilities, or real estate.

Among the technology actions that were most affected by this move, Amazon lost 2.27%, the Abeceda (parent company Google) 1.47% and Apple 2.84%.

The Apple brand raises the wind of distrust from publishing its results on Thursday night. He lost more than 9% in the last two sessions and closed on Monday under a symbolic threshold of $ 1,000 billion in market value.

In the bond market, the US 10-year debt fell to 3.201%, versus 3.222% Friday night, and to 30 years of debt at 3.434%, versus 3.444% at the end of last week.

11.05.2018 23:59:17 –
New York (AFP) –
© 2018 AFP